Four-Unit Multifamily
New
For Sale
$1,598,000
12320 Washington PL, Culver City, CA 90066
Recent roof and exterior painting work was completed in 2025, and one unit has been renovated.
Property Size3,550 SF
Days on Market2
Property Features for 12320 Washington PL
General Information
Standard status
Active
Size
3,550 SF
Property subtype
Apartment
Additional Details
Multifamily Units
4
Building Details
Building Size
3,550 SF
Year Built
1950
Stories
2
Listing Agency:
Coldwell Banker Dynasty Arc.
Listed By:
Chao Zhang
(626) 689-8128
Source:
Danitatabron.kw
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 1 at 1:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Dynasty Arc.
Investment Insights
Based on property information with market context.
This four-unit multifamily property dates to 1950. A new roof and exterior painting were completed in 2025, and one unit has undergone renovation. The renovated unit may be used for owner occupancy or offered for rent.
The property is at 12320 Washington Place in Culver City, California.
The property is at 12320 Washington Place in Culver City, California.
Key Highlights
- Four‑unit multifamily property
- Built in 1950
- New roof completed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$61,996
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,239,920
$1.2M
Cap Rate 7%
$885,657
$885.7K
Cap Rate 9%
$688,844
$688.8K
Market Conditions
NOI Build-Up for 3,550 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$95.9K $27.00/SF
− Vacancy
−$7.3K −$2.05/SF
EGI
$88.6K $24.95/SF
− OpEx
−$26.6K −$7.48/SF
NOI
$62.0K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,239,920
Cap Rate 7%
$885,657
Cap Rate 9%
$688,844
Alternative Uses
Best Use
Multifamily LT 5
$885.7K
$775.0K – $1.03M
NOI $61,996 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$816.0K
$714.0K – $952.0K
NOI $57,122 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,046 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,478
Businesses Nearby
Explore this area
Business Placement
Demographics for 90066, CA
55,304
Population
26,591
Households
2.1
Avg Household Size
38
Median Age
61%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
11,522
Density / Sq Mi
$107,786
Median Household Income
$67,298
Median Earnings
$2,211
Median Rent
$1,636,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Recent roof and exterior painting work was completed in 2025, and one unit has been renovated.
Where is this quadplex located?
The property is located at 12320 Washington PL Culver City, CA.
What is the asking price?
The asking price for this property is $1,598,000.
What are key features of this property?
This property features: Four‑unit multifamily property; Built in 1950; New roof completed in 2025
