12314 Washington Place, Culver City, California 90066

12314 Washington Pl is a well-located 4-unit multifamily property in Culver City featuring an all 2-bed/1-bath unit mix. Built in 1950, the property sits on a 6, 130 SF lot with 3, 488 SF of improvements and 4 on-site parking spaces. Each unit averages approximately 872 SF. Current rent roll: Unit A: 2+1 at $2, 058/mo; Unit B: 2+1 at $2, 058/mo; Unit C: 2+1 at $2, 058/mo; Unit D: 2+1 at $2, 058/mo. Total current scheduled rent is $8, 232/mo, with all four units currently occupied. Market rent is projected at $3, 200/mo per unit, creating approximately 55% rent-to-market upside and a pro forma scheduled rent of $12, 800/mo. Offered at $1, 498, 000, the property is priced at $374, 500/unit and $429/SF with a 4.53% current cap rate and 8.08% pro forma cap rate. Current NOI is projected at $67, 845 with pro forma NOI projected at $121, 017. The property also received a brand-new roof and complete exterior repaint in 2025. Also available as part of a paired acquisition with adjacent 12320 Washington Pl. Unified ownership may unlock approved ADU plans and additional long-term upside. Buyer to verify all rents, expenses, market rent assumptions, ADU approvals, zoning, and development potential.