12320-12314 Washington Place
Property Description
Major $200,000 Price Reduction - Rare Opportunity! Two (2) Quad-plex buildings situated on adjacent contiguous parcels provide an incredible 8-unit cash-flowing Income property within the prime Mar Vista community, a highly desirable & convenient Culver City location. (2) APN's allow for Investors to apply for more favorable Residential 1-4 Financing as supposed to Commercial Financing rates. One of the units has been newly renovated and will be delivered Vacant so that Investors may fetch market Rents. Each of the (8) multi-family units are 2 Bedroom / 1 Bath floor plans. New Roof and Exterior Painting recently completed in 2025 with improved curb appeal, providing peace-of-mind and less maintenance expenses in the near future. Gated Garage Parking spaces are producing additional $1,400 monthly income ($16,800 annually). Approved Plans are in place for (2) additional ADUs, each approximately 870 SF, offering additional value-add potential. Property is competitively priced, with strong rental income and long-term upside!
Broker Details
Coldwell Banker Dynasty Arcadia 626-446-8999
MLS ID: AR39296 State License Number: 01910651
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,996,000 |
| No. of Units: | 8 |
| Year Built: | 1950 |
| Opportunity Zone: | No |
| Price per unit: | $374,500 |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 4 |
ID: 3yd-MRMLSCA-AR26213463
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