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Stacey Alysson Melman

12320 Washington PL
Culver City, CA, 90066
$1,648,000
8 Beds
4 Baths
3,550 SqFt
0.15 Acres
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MLS #26868957 image #0
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. Brand new roof and fresh exterior paint. 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. *
AGENT: Vangelis Korasidis
LISTING BROKERAGE: Coldwell Banker Realty
12320 Washington PL
Culver City, CA

Property Details

Price:
$1,648,000
MLS #:
26868957
Status:
Active
Beds:
8
Baths:
4
Type:
Single Family
Neighborhood:
c28culvercity
Listed Date:
Aug 5, 2026
Finished Sq Ft:
3,550
Total Sq Ft:
3,550
Lot Size:
6,348 sqft / 0.15 acres (approx)
Year Built:
1950
Mid Century ModernC28 – Culver CityC28culvercity
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Schools

Interior

Appliances
GD, RF
Levels
U

Exterior

Architectural Style
MCM
Garage Spaces
4
Parking Spots
4
Parking Total
4

Financial

Gross Operating Income
$114,204
Net Operating Income
$91,448

Map

Community

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