12314 Washington Pl, Los Angeles, CA 90066

Property Overview

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12314 Washington Pl is a 4-unit multifamily value-add opportunity offered at $1,498,000 ($374,500/unit) in the Mar Vista / Culver City Adjacent submarket of West Los Angeles. Built in 1950 on a 6,130 SF lot, the property features four spacious 2-bedroom / 1-bath units averaging 872 SF, situated within one of the Westside's most supply-constrained and employment-anchored rental corridors.

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 legacy RSO rents with significant distance to market, representing a well-documented value-add thesis actionable through natural turnover or negotiated buyout.

12314 Washington Pl received a brand-new roof and complete exterior repaint in 2025, delivering a well-maintained asset at entry with limited near-term capital expenditure. The property is priced below the identical twin at 12304 Washington Pl, which closed at $509/SF, reflecting a deliberate entry point designed to move given prior time on market.

12314 is also available as part of a paired acquisition with the adjacent 12320 Washington Pl — unified ownership unlocks approved ADU plans.

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Key Property Details

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• Address: 12314 Washington Pl, Los Angeles, CA 90066
• Units: 4
• Unit Mix: (4) 2-Bed / 1-Bath
• Zoning: RMD
• Rent Control:
• Parking: 4 Spaces

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Investment Highlights

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• 55% Rent-to-Market Upside Across All Four Units All four units sit on legacy RSO rents at $2,058/month against a demonstrated market of $3,200 — the deepest rent gap of the two parcels on the block. Upon stabilization, annual gross income grows from $98,784 to $153,600, compressing the pro forma cap rate to 7.63%.
• Residential Financing Eligible — Deeper Buyer Pool, Lower Cost of Capital Conventional 4-unit financing unlocks lower down payment thresholds and more favorable rate structures than commercial loans — lowering the bar to entry and expanding the qualified buyer pool significantly.
• Priced Below the Identical Twin The identical twin at 12304 Washington Pl closed at $509/SF — 12314 is offered at $429/SF, a deliberate discount that positions the asset to clear in a competitive submarket.
• 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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Neighborhood and Accessibility

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The Mar Vista / Culver City Adjacent submarket remains one of the Westside's most active and supply-constrained rental markets, driven by a concentration of technology and media employers — including Amazon MGM Studios, Apple TV+, Sony Pictures, and HBO — anchored within 1–2 miles. These fundamentals continue to support sustained renter demand, stable occupancy, and long-term rent growth.

12314 Washington Pl sits at the center of a highly walkable residential corridor with direct access to the dining, retail, and green space along Washington Blvd and Culver City's Downtown. The Ballona Creek bike path connects residents to Marina del Rey and the beach, while the Expo Line (E Line) at Culver City Station links residents to Downtown LA and Santa Monica in under 20 minutes. Abbott Kinney Blvd and Venice's main strip are minutes away — consistently drawing a deep renter pool of working professionals who prioritize proximity to work, lifestyle amenities, and transit.

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For more information and to schedule a viewing, please contact:

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Taylor Avakian

Founder, The Group CRE

First Vice President, Lyon Stahl

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