$2,198,000
$900K PRICE INCREASE

12320 Washington Place Los Angeles, CA 90066

Del Rey Neighborhood

Estimated payment $13,467/month

Total Views 20
8 Beds
4 Baths
3,550 Sq Ft
$619 Price per Sq Ft

About This Home

Investor / Developer Opportunity -- Prime Westside Fourplex PortfolioRare offering! Side-by-side R4-zoned four-unit buildings located at 12314(see listing) 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!

Listing Agent

Judi Lewis

Coldwell Banker Realty License #01853860 Listed on: 12/12/2025

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 6,348 Sq Ft Lot

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,550 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 4232006020

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Property Attached: Yes
  • View: No
  • Zoning: CCR4YY
  • Property Type: Residential Income
  • Parcel Number: 4232006020
  • Year Built: 1950
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Living Area: 3550.00
  • Stories: 2
  • Appliances: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Levels: Two
  • Price Per Square Foot: 619.15

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: No
  • Heating Type: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 6348.00
  • Lot Size Acres: 0.1457

Multi Family

  • Average1 Bed Area: 875
  • Average2 Bed Area: 875
  • Average3 Bed Area: 875
  • Lot Size Area: 6348.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $22,871 $1,862,419 $1,485,691 $376,728
2024 $22,871 $1,825,902 $1,456,560 $369,342
2023 $21,929 $1,790,100 $1,428,000 $362,100
2022 $29,454 $2,550,000 $2,040,000 $510,000
2021 $3,308 $109,462 $50,375 $59,087
2019 $3,232 $106,218 $48,882 $57,336
2018 $3,125 $104,136 $47,924 $56,212
2016 $2,547 $100,094 $46,064 $54,030
2015 $2,490 $98,592 $45,373 $53,219
2014 $1,462 $96,662 $44,485 $52,177
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2025 12/12/25 Price Changed $2,198,000 +69.3% $619 / Sq Ft
12/12/2025 12/12/25 For Sale $1,298,000 -- $366 / Sq Ft
Source: Ventura County Regional Data Share

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Grant Deed $3,510,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,200,000 New Conventional
Source: Public Records

Source: Ventura County Regional Data Share

MLS Number: 225005922

Ventura County Regional Data Share

APN: 4232-006-020