12320 Washington Pl
Multifamily | 4 Units | $424,500/unit
Marketing description
The Group CRE is pleased to exclusively present 12320 Washington Pl, a 4-unit multifamily property offered at $1,698,000 ($424,500/unit) in the Culver City submarket of West Los Angeles. As a standalone fourplex, the property qualifies for conventional residential financing — attracting owner-users, house-hackers, and small investors seeking a cleaner entry into one of the Westside's most supply-constrained rental corridors.
One unit is vacant and immediately leasable at market, delivering income from day one with zero buyout required. The property operates free of rent control, giving a new owner full flexibility on rents at turnover — a meaningful structural advantage in a submarket where RSO-encumbered assets dominate inventory. 12320 Washington Pl received a brand-new roof and complete exterior repaint in 2025, delivering a well-maintained asset at entry.
12320 is also available as part of a paired acquisition with the adjacent 12314 Washington Pl — unified ownership unlocks approved ADU plans and combined portfolio scale. A portfolio Offering Memorandum is available upon request.
Investment highlights
- One unit is vacant with no buyout required, available for immediate owner-occupancy, house-hacking, or lease-up at $3,200/month market rent — generating income from close of escrow with zero legal exposure.
- 12320 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 that carries RSO restrictions.
- 12320 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.
- Approved ADU plans are in place and applicable if 12320 and 12314 Washington Pl are purchased together under the same ownership — adding future density optionality for a buyer who secures both parcels.
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