12314 Washington Place Los Angeles, CA 90066
Del Rey NeighborhoodEstimated payment $12,531/month
Highlights
- Floor Furnace
- Culver City Middle School Rated A-
- Level Lot
About This Home
nvestor / Developer Opportunity — Prime Westside Fourplex Portfolio
Rare offering! Side-by-side R4-zoned four-unit buildings located at 12314 and 12320 Washington Place, just minutes from the Pacific Ocean and some of Southern California's most renowned beach communities. This two-fourplex portfolio—sold together—features eight spacious 2-bedroom / 1-bath units (approx. 875 sq. ft. each), generating immediate income with strong value-add potential.
Major improvements completed in 2025 include a brand-new roof and new exterior paint, boosting curb appeal and reducing upcoming maintenance costs.
The City has approved plans for two additional 2-bedroom / 2-bath ADUs, presenting a compelling opportunity to increase density, expand rental income, and enhance long-term returns (buyer to verify).
A shared, gated central courtyard—anchored by a mature lemon tree—adds charm, shade, and a welcoming community atmosphere that appeals to residents and strengthens overall desirability.
Ideally located adjacent to trendy Culver City and perfectly positioned between Santa Monica and Los Angeles, this prime Westside setting offers unmatched access to LAX, Downtown, Silicon Beach, major freeways, entertainment studios, and top tech hubs. The neighborhood blends small-town character with the convenience of nearby urban amenities.
Whether you're seeking consistent cash flow or envisioning a development-forward strategy to unlock the site's full R4 potential, this is a rare opportunity to acquire a contiguous two-fourplex portfolio in a high-demand rental corridor.
Assumable financing may be available.
Don't miss this exceptional opportunity!
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1950
Lot Details
- 6,098 Sq Ft Lot
- Level Lot
Parking
- 4 Car Garage
Home Design
- Quadruplex
Interior Spaces
- 3,488 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Full Bathrooms
Utilities
- No Cooling
- Floor Furnace
Listing and Financial Details
- Assessor Parcel Number 4232006010
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $24,259 | $1,862,419 | $1,379,570 | $482,849 |
| 2024 | $24,259 | $1,825,902 | $1,352,520 | $473,382 |
| 2023 | $23,837 | $1,790,100 | $1,326,000 | $464,100 |
| 2022 | $31,584 | $2,550,000 | $2,040,000 | $510,000 |
| 2021 | $6,330 | $191,536 | $91,848 | $99,688 |
| 2019 | $5,881 | $185,857 | $89,125 | $96,732 |
| 2018 | $5,521 | $182,214 | $87,378 | $94,836 |
| 2016 | $5,053 | $175,140 | $83,986 | $91,154 |
| 2015 | $3,594 | $172,510 | $82,725 | $89,785 |
| 2014 | $6,541 | $169,132 | $81,105 | $88,027 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/13/2025 12/13/25 | Price Changed | $1,998,000 | +66.8% | $573 / Sq Ft |
| 12/13/2025 12/13/25 | For Sale | $1,198,000 | -- | $343 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $3,510,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,200,000 | New Conventional |
Source: Conejo Simi Moorpark Association of REALTORS®
MLS Number: 225005921
APN: 4232-006-010
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