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12304 Washington Pl 4 Unit Apartment Building $1,799,000 ($449,750/Unit) 5.13% Cap Rate Los Angeles, CA 90066
INVESTMENT HIGHLIGHTS
- Four detached garages with ADU potential
- Washer/Dryer in every unit
- One of the top floor units (Unit C) has vaulted ceilings with skylights & central HVAC
- Fully occupied with great rents
EXECUTIVE SUMMARY
Updated Fourplex in a prime Culver City / Mar Vista location. Ideal for investors or owner-users. Features four spacious 2BR/1BA units and four detached private garages with ADU potential. All units have private in unit Washer/Dryer, Dishwasher and Air Conditioning. One of the units upstairs (previously owners unit) has vaulted ceilings with skylights and Central AC & Heat. Major renovation completed in 2006, including system upgrades with permits. Separately metered for gas and electricity. Property includes a shared outdoor area where tenants can relax or entertain, adding to the appeal and livability. Excellent location near Downtown Culver City, Mar Vista, and Venice. Close to shops, cafes, and nightlife. Easy access to major employers like Amazon, Apple, Google, Sony, and HBO. No soft-story retrofit required. Strong Westside rental market with a great mix of stability and long-term upside.
PROPERTY FACTS
| Price | $1,799,000 | Apartment Style | Low-Rise |
| Price Per Unit | $449,750 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 3,488 SF |
| Cap Rate | 5.13% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.84 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1950/2006 |
| Property Type | Multifamily | Parking Ratio | 1.15/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | CCR4YY | ||
| Price | $1,799,000 |
| Price Per Unit | $449,750 |
| Sale Type | Investment |
| Cap Rate | 5.13% |
| Gross Rent Multiplier | 12.84 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.14 AC |
| Building Size | 3,488 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1950/2006 |
| Parking Ratio | 1.15/1,000 SF |
| Zoning | CCR4YY |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $3,136 | 900 |
| 2+1 | 1 | $2,604 | 900 |
| 2+1 | 1 | $3,244 | 900 |
| 2+1 | 1 | $2,690 | 900 |
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (87)
PROPERTY TAXES
| Parcel Number | 4232-006-012 | Improvements Assessment | $485,075 |
| Land Assessment | $836,595 | Total Assessment | $1,321,670 |
PROPERTY TAXES
Parcel Number
4232-006-012
Land Assessment
$836,595
Improvements Assessment
$485,075
Total Assessment
$1,321,670
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12304 Washington Pl
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