12320 Washington Place 12320 Washington Pl

We are pleased to present the opportunity to acquire 12314 and 12320 Washington Place, two side-by-side 4-plexes in Culver City. These buildings are located just within the border of Culver City, adjacent to Marina Del Rey, Venice, Mar Vista, and Playa Vista. They benefit from proximity to major employment centers, transportation hubs, restaurants, and recreational amenities. The area boasts a strong rental market with historically low vacancy rates, making this a prime asset with a compelling blend of stability and growth potential.
Both two story buildings consist of all two-bed, one-bath unit with a shared courtyard space. There is a four-car garage behind each building. The Seller has RTI plans to build one (1) two bed-two bath 900 SF ADU on each parcel above the garages. The property is separately metered for gas and electricity, ensuring efficiency and control over utilities.
12314-12320 Washington Place is a prime investment opportunity with tons of upside. Both buildings will operate north of 6% caps once stabilized with ADUs. Steps away from major establishments including Erewhon, Culver Steps, Apple, Sony Picture Studios, Washington Place offers any investor or owner/user an exciting opportunity to own in one of Los Angeles’ desirable neighborhoods.