12320 Washington PL, Culver City, CA 90066
12320 Washington PL, Culver City, CA 90066
12320 Washington PL, Culver City, CA 90066
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,598,000
Est. payment /mo
8 Beds
4 Baths
3,550 SqFt
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Open House

Sat Sep 19, 2:00pm - 5:00pm

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,550 sqft

Price per Sqft $450

MLS Listing ID 26868957

Bedrooms 8

HOA Y/N No

Year Built 1950

Lot Size 6,346 Sqft

Property Description

Exceptional investment and owner-user opportunity in one of Culver City's most desirable rental markets. This well-maintained mid-century modern - influenced multi-family architecture - four-unit property features an attractive unit mix of four spacious 2-bedroom, 1-bath residences totaling approximately 3,550 square feet on a 6,348 square foot lot. One unit is renovated with new windows and flooring and is currently vacant, offering immediate owner-occupancy or the ability to lease at market rent for increased cash flow. The 3 of the 4 garages add $1,400 per month of parking income. The property presents significant upside with approved plans for two additional ADUs (buyer to verify), providing the potential to expand from four to six units and substantially increase long-term income. Recent ownership has invested considerable time navigating the entitlement process, allowing a new owner to capitalize on future development potential with much of the groundwork already completed. Additional features include four on-site parking garages, recent capital improvements, and a prime Westside location just minutes from Marina del Rey, Playa Vista, Venice, major employment hubs, shopping, dining, and convenient freeway access. Brand new roof and fresh exterior paint. Whether you're an investor seeking value-add potential or an owner-user looking to offset housing costs with rental income, this property offers an outstanding combination of current cash flow, future upside, and an unbeatable location. Buyer to independently verify all rents, expenses, zoning, ADU approvals, permits, development potential, and all property information. * This property can be purchased individually or assembled with the adjacent property at 12314 Washington Pl that is currently on the market for $1,398,000. Contact agent for details. * Property is being sold in "as is" condition.

Location

State CA

County Los Angeles

Area C28 - Culver City

Zoning CCR4YY

Interior

Fireplace No

Appliance Disposal, Refrigerator

Exterior

Garage Spaces 4.0

Garage Description 4.0

Total Parking Spaces 4

Building

Story 2

Entry Level Two

Architectural Style Mid-Century Modern

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4232006020

Special Listing Condition Standard

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Listed by Vangelis Korasidis Coldwell Banker Realty #01222626

NEARBY SCHOOL & BUSINESS

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