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Joe Cloninger

[email protected] +1(323) 386-4663

$ 1,498,000

Est. payment | -/mo

8 Beds

4 Baths

3,488 SqFt

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$ 1,498,000

Est. payment | -/mo

Save

8 Beds

4 Baths

3,488 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,488 sqft

Price per Sqft $429

MLS Listing ID 26830901

Bedrooms 8

Year Built 1950

Lot Size 6,130 Sqft

Acres 0.1407

Property Sub-Type Multi-Family

Property Description

Rare opportunity to acquire a well-positioned 4-unit income property with significant upside potential in a highly sought-after rental market. What truly sets this asset apart is the extensive groundwork already completed for future expansion. After nearly two years navigating the city approval process, the current ownership has successfully secured entitlements and approvals for two additional ADUs, creating the potential for a 10-unit development opportunity. The Ready-to-Issue (RTI) permits are pending final issuance, allowing a new owner to step into a project where the most time-consuming and challenging phase has already been completed. The property has also undergone major recent capital improvements, offering immediate value and minimizing near-term maintenance costs. A brand-new roof was installed in 2025, and the entire exterior was freshly painted, enhancing curb appeal while providing a clean, updated appearance throughout the property. Adding even greater long-term appeal, the property is being offered alongside the neighboring 4-unit property at 12320 Washington Pl under a separate listing. Controlling adjacent assets of this scale creates exceptional operational advantages while also opening the door to future redevelopment flexibility and larger-scale investment strategies. Whether the vision is to complete the approved ADUs for increased cash flow, renovate units over time to maximize rents, or hold a scalable multifamily asset in a strong rental corridor, this opportunity offers a compelling combination of stability, expansion potential, and long-term value in one of the market's most desirable investment locations.

Location

State CA

County Los Angeles

Area Culver City

Zoning CCR4YY

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Equipment Refrigerator, Range/Oven

Exterior

Parking Features Assigned

Garage Spaces 4.0

Building

Level or Stories Two

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by KW Westside Estates

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CONTACT US

+1(323) 386-4663

[email protected]

12314 Washington Pl Los Angeles, CA 90066