11980 Nebraska Ave - Multi-Family FOR SALE


Los Angeles, CA 90025- West Los Angeles
$2,400,000 USD
310-467-7581
11980 Nebraska Ave, Los Angeles, CA for Sale
$2,400,000 USD
Multi-Family - FOR SALE
1/13
null | 3.78% Cap Rate

11980 Nebraska Ave
Los Angeles, CA 90025
West Los Angeles


HIGHLIGHTS

  • Located in highly desirable West LA submarket with convenient acess to the 10 freeway, major employment centers and high-end westside neighborhoods
  • Consists of 11 units spread out across approximately 8,332 square feet
  • Unit mix includes one (8) 1 Bed, 1 Bath, (1) 2 Bed, 2 Bath, and (2) Bachelor units. One bachelor unit is non-conforming.
  • New developments include West Edge at Bundy & Olympic and a project south of Olympic by Carmel Partners that will include over 600 residential units.
  • Features 10 parking spaces, a valuable amenity for tenants in this area
  • Close proximity to Metro E line with direct connectivity to Downtown Los Angeles and Santa Monica.

OVERVIEW

11980 Nebraska Ave is a newly listed 11 unit multifamily opportunity in a Prime West Los Angeles pocket just off Bundy Dr., offering investors a compelling blend of stable in-place income and long-term upside in a supply constrained Westside submarket. The property is 100% occupied and features a diverse unit mix of (2) Bachelor/1 Bath, (8) 1 Bed/1 Bath, and (1) 2 Bed/2 Bath, supporting broad renter appeal and durable long-term demand. One of the bachelor units is non-conforming. The asset also includes 10 on-site parking spaces and is situated on LAR3 zoning, providing added flexibility and long-term value in a high-barrier Westside location. Residents benefit from excellent connectivity via the nearby Metro E Line at Expo/Bundy, providing direct access to both Downtown Los Angeles and Santa Monica. The immediate area continues to see meaningful reinvestment and new housing delivery, including West Edge at Bundy & Olympic (the former Martin Cadillac site) and a Carmel Partners-led multifamily push just south along Bundy, reinforcing this corridor’s momentum and institutional-level conviction in West L.A.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$288 USD /SF

# OF UNITS

11

PRICE/UNIT

$218,182

CAP RATE

3.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

10

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LAR3

APN/PARCEL ID

4259-017-023

ASK ABOUT THIS PROPERTY

Peter JamesLyon Stahl Investment Real EstateMore Info
310-467-7581

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Peter JamesLyon Stahl Investment Real EstateMore Info
310-467-7581

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.