12314 Washington Pl
Multifamily | 4.53% CAP | 4 Units
Marketing description
The Group CRE is pleased to exclusively present 12314 Washington Pl, a 4-unit multifamily property offered at $1,498,000 ($374,500/unit) in the Culver City Adjacent submarket of West Los Angeles. As a standalone fourplex, the property qualifies for conventional residential financing — attracting small investors and value-add buyers who price off comparable sales rather than cap rate, a structurally broader and more competitive audience than the typical multifamily investor.
All four units are occupied on long-term below-market rents with significant distance to the demonstrated $3,200 market, representing a well-documented value-add thesis actionable through natural turnover or negotiated buyout. The property operates free of rent control under RMD zoning, giving a new owner full flexibility to reset rents at turnover — a meaningful structural advantage in a submarket where rent-controlled inventory dominates. The submarket's chronic undersupply and concentration of technology and media employers within 1–2 miles continue to drive sustained renter demand and support long-term rent growth. 12314 Washington Pl received a brand-new roof and complete exterior repaint in 2025, delivering a clean, well-maintained asset at entry.
12314 is also available as part of a paired acquisition with the adjacent 12320 Washington Pl — unified ownership unlocks approved ADU plans and combined portfolio scale. A portfolio Offering Memorandum is available upon request.
Investment highlights
- No Rent Control — Full Flexibility at Turnover
- 12314 operates free of rent control under RMD zoning, giving a new owner unrestricted ability to reset rents at turnover — a structural advantage over the majority of comparable Westside multifamily inventory and a direct accelerant to the value-add thesis.
- 55% Rent-to-Market Upside Across All Four Units
- All four units sit on long-term below-market rents at $2,058/month against a demonstrated market of $3,200 — the deepest rent gap of the two parcels. Upon stabilization, annual gross income grows from $98,784 to $153,600, compressing the pro forma cap rate to 8.08%.
- 2025 Capital Improvements — Roof & Exterior
- 12314 Washington Pl received a brand-new roof and complete exterior repaint in 2025, limiting near-term capex obligations and delivering a well-maintained asset from day one.
- ADU Potential with Paired Acquisition
- Approved ADU plans are in place and applicable if 12314 and 12320 Washington Pl are purchased together under the same ownership — adding future density optionality for a buyer who secures both parcels.
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