12320 Washington Pl 4 Unit Apartment Building $1,698,000 ($424,500/Unit) 6.02% Cap Rate Los Angeles, CA 90066

12320 Washington Pl is a 4-unit multifamily opportunity offered at $1,698,000 ($424,500/unit) in the Culver City submarket of West Los Angeles. Built in 1950 on a 6,348 SF lot, the property features four spacious 2-bedroom / 1-bath units averaging 887 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 owner-users, house-hackers, and small investors seeking a cleaner entry point in a proven Westside submarket. One unit is vacant and immediately available for occupancy or lease-up at market with no buyout required, delivering income from close of escrow with zero legal exposure. Two of the three occupied units are already near market rent, making this the more stabilized of the two parcels on the block with a straightforward path to full income stabilization. 12320 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. 12320 is also available as part of a paired acquisition with the adjacent 12314 Washington Pl — unified ownership unlocks approved ADU plans.