12314 Washington Place, Culver City, CA 90066

Rare opportunity, Two adjacent fourplexes 12314 and 12320 Washington Pl on side-by-side parcels in Culver City, offered together as a single 8-unit investment. All eight units are 2BD/1BA. All units average $2,219 per month plus $1,400 per month of garage parking income versus projected market rents of $3,100. Both buildings received new roofs in 2025 plus a full exterior repaint, and 12320 delivers one vacant unit. 48% Rental Upside: At those rents, the offering produces a 7.05% pro forma cap rate before any ADU contribution. The seller will deliver approved plans for the two ADU units averaging 875 sqft each. The Assumable Debt Below Market: An existing Chase loan of approximately $1,200,000 at 3.91% may be assumed by a qualified buyer, well below prevailing rates. Balance, terms, and assumability to be verified with the lender. Two Parcels, One Offering: Each fourplex sits on its own legal parcel and can be financed, insured, and exited independently, which opens the offering to both the 1 to 4 unit residential financing market and the 5+ unit commercial pool. Capital Work Complete: Both buildings received new roofs in 2025 at $50,740 plus a full exterior repaint, $68,740 total per seller-signed 2025 operating statements. Priced Against the Anchor Sale: At $454 per square foot the offering prices directly against 12510 Washington Pl, same street two blocks away, which closed March 2026 at $459 per square foot.