12320 Washington Pl, Los Angeles, CA 90066

Property Overview

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12320 Washington Pl is a 4-unit multifamily opportunity offered at $1,698,000 ($424,500/unit) in the Mar Vista / Culver City Adjacent submarket of West Los Angeles. Built in 1950 on a 6,348 SF lot, the property features four spacious 2-bedroom / 1-bath units averaging 887 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 owner-users, house-hackers, and small investors seeking a cleaner entry point in a proven Westside submarket. One unit is vacant and immediately available for occupancy or lease-up at market with no buyout required, delivering income from close of escrow with zero legal exposure. Two of the three occupied units are already near market rent, making this the more stabilized of the two parcels on the block with a straightforward path to full income stabilization.

12320 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.

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

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Key Property Details

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• Address: 12320 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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• Owner-User Eligible — Vacant Unit Ready for Immediate Occupancy or Lease-Up 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.
• Two Units Already Near Market — Lower Execution Risk Units C and D are already at or near market rent, meaning the majority of income stabilization is already in place — a cleaner, lower-risk profile than a fully legacy RSO rent roll.
• 2025 Capital Improvements — Roof & Exterior 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.
• ADU Potential with Paired Acquisition 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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Neighborhood and Accessibility

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The Culver City 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.

12320 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