12314 Washington Pl 4 Unit Apartment Building $1,498,000 ($374,500/Unit) 4.53% Cap Rate Los Angeles, CA 90066

12314 Washington Pl is a 4-unit multifamily value-add opportunity offered at $1,498,000 ($374,500/unit) in the Culver City submarket of West Los Angeles. Built in 1950 on a 6,130 SF lot, the property features four spacious 2-bedroom / 1-bath units averaging 872 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 small investors and value-add buyers who price off comparable sales rather than cap rate, a structurally broader and more competitive audience than the typical multifamily investor. All four units are occupied on long-term below-market rents with significant distance to market, representing a well-documented value-add thesis actionable through natural turnover or negotiated buyout. 12314 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. The property is priced below the identical twin at 12304 Washington Pl, which closed at $509/SF, reflecting a deliberate entry point designed to move given prior time on market. 12314 is also available as part of a paired acquisition with the adjacent 12320 Washington Pl — unified ownership unlocks approved ADU plans.