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Millman Team Real Estate

$1,698,000
8 Bed
4 Bath
3,550 Sqft
0.15 Acre Lot

12320 Washington Place, Culver City, California 90066

  • Residential Income Property Type
  • 3,550 Sqft Square Footage
  • 1950 Year Built
Property Description

Exceptional investment and owner-user opportunity in one of Culver City’s most desirable rental markets. This well-maintained mid-century modern – influenced multi-family architecture – four-unit property features an attractive unit mix of four spacious 2-bedroom, 1-bath residences totaling approximately 3, 550 square feet on a 6, 348 square foot lot. One unit is currently vacant, offering immediate owner-occupancy or the ability to lease at market rent for increased cash flow. The property presents significant upside with approved plans for two additional ADUs (buyer to verify), providing the potential to expand from four to six units and substantially increase long-term income. Recent ownership has invested considerable time navigating the entitlement process, allowing a new owner to capitalize on future development potential with much of the groundwork already completed. Additional features include four on-site parking garages, recent capital improvements, and a prime Westside location just minutes from Marina del Rey, Playa Vista, Venice, major employment hubs, shopping, dining, and convenient freeway access. Whether you’re an investor seeking value-add potential or an owner-user looking to offset housing costs with rental income, this property offers an outstanding combination of current cash flow, future upside, and an unbeatable location. Buyer to independently verify all rents, expenses, zoning, ADU approvals, permits, development potential, and all property information. * This property can be purchased individually or assembled with the adjacent property at 12314 Washington Pl. Contact agent for details. *

Basic Details
Residential Income
For Sale
26868957
$1,698,000
8
4
3,550 Sqft
1950
0.15 Acre
Active
Features
: Mid-Century Modern
$0
Appliances
: Disposal, Refrigerator
Address Map
CA
Los Angeles
Culver City
90066
Washington
12320
Place
W119° 34' 13.8''
N33° 59' 58''
Intersection of Washington Pl & Centinela Ave * South of Venice Blvd, North of Culver Blvd, East of the 405 Fwy, West of Lincoln Blvd
C28 - Culver City
CCR4YY
Additional Information
$0
$0
$0
$0
$0
3550
4.0
: Two
4
2026-08-05
2
2
Broker/Agent Information
Coldwell Banker Realty
Vangelis Korasidis
Listing Information
Filip Niculete
CLW-C112897
CLW-X75151
Marcus & Millichap
CLW-X45746
CLW-B2000101
Active
2026-08-06T07:07:55Z
CRMLS
: Standard
2026-08-05T00:00:00Z
Agent info
Ray Millman
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