$3,750,000

12592 Washington Place Los Angeles, CA 90066

Del Rey Neighborhood

Estimated payment $23,496/month

16 Beds
10 Baths
7,548 Sq Ft
$497 Price per Sq Ft

About This Home

We are proud to present an exceptionally rare 10-unit multifamily offering located at 12592 Washington Place, positioned within the highly desirable Culver City jurisdiction. Opportunities of this scale especially those that have the potential to be delivered completely vacant are exceedingly scarce in this submarket, making this an extraordinary acquisition for investors, owner-users, and developers alike. The property features an outstanding unit mix of six (6) two-bedroom/one-bath units and four (4) one-bedroom/one-bath units, providing an ideal balance of spacious, highly rentable floor plans. Each unit is separately metered for gas and electricity, allowing a future owner to minimize operating expenses and enhance overall NOI. With on-site parking, strong layouts, and the ability to reposition the entire asset from day one, this is a blank canvas where an investor can implement a complete renovation strategy, achieve market rents, and maximize long-term value. Adding to the appeal, the site offers potential to add multiple ADUs (Buyer to verify), giving investors the opportunity to meaningfully increase unit count and income. ADU upside is especially compelling within Culver City due to its supportive planning environment and consistent tenant demand. The location is exceptional. Situated within the sought-after Culver City school district and municipal jurisdiction, the property benefits from the city's renowned services, governance, and business-friendly environment. Residents enjoy immediate access to some of the Westside's most exciting lifestyle amenities just minutes from the dining, entertainment, and creative energy of vibrant Downtown Culver City, with its award-winning restaurants, cafes, gastropubs, theaters, and cultural institutions. The property also offers close proximity to major employment hubs including Sony Studios, Amazon Studios, Apple, HBO, and the broader Hayden Tract creative district, driving consistent rental demand year-round. This is a rare chance to acquire a potentially vacant, well-located 10-unit property in one of the Westside's most resilient and supply-constrained submarkets. A true value-add, generational opportunity.

Listing Agent

Jonathan Taksa

Remax Commercial and Investment Realty License #01366169 Listed on: 12/01/2025

Remax Commercial and Investment Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 7,841 Sq Ft Lot

Interior Spaces

  • 7,548 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 10 Bathrooms

Parking

  • 10 Parking Spaces
  • Attached Carport

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 4231-019-060

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 7548
  • Lot Acreage: 0.1800
  • Stories: 2
  • Year Built: 1957
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 16
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 496.82

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport Attached
  • Total Parking: 8

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 60.00
  • Assessed Improvement Value: 2133427
  • Assessed Land Percent: 40
  • Assessed Land Value: 1422285
  • Total Assessed Value: 3555712
  • Assessor Parcel Number: 4231-019-060
  • Lot Size Area: 7841

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 10
  • Type Of Units: 2s,1s

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2025 12/01/25 For Sale $3,750,000 -- $497 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 25623769

The MLS