Log In/Sign Up
Your email has been sent.
11980 Nebraska Ave 11 Unit Apartment Building Offered at $2,400,000 at a 3.78% Cap Rate Los Angeles, CA 90025
Investment Highlights
- Located in highly desirable West LA submarket with convenient acess to the 10 freeway, major employment centers and high-end westside neighborhoods
- Unit mix includes one (8) 1 Bed, 1 Bath, (1) 2 Bed, 2 Bath, and (2) Bachelor units. One bachelor unit is non-conforming.
- Features 10 parking spaces, a valuable amenity for tenants in this area
- Consists of 11 units spread out across approximately 8,332 square feet
- New developments include West Edge at Bundy & Olympic and a project south of Olympic by Carmel Partners that will include over 600 residential units.
- Close proximity to Metro E line with direct connectivity to Downtown Los Angeles and Santa Monica.
Executive Summary
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.
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.
Property Facts
| Price | $2,400,000 | Property Type | Multifamily |
| Price Per Unit | $218,182 | Building Size | 8,332 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 3.78% | No. Stories | 2 |
| Gross Rent Multiplier | 13.73 | Year Built | 1963 |
| No. Units | 11 | Parking Ratio | 1.2/1,000 SF |
| Zoning | LAR3 | ||
| Price | $2,400,000 |
| Price Per Unit | $218,182 |
| Sale Type | Investment |
| Cap Rate | 3.78% |
| Gross Rent Multiplier | 13.73 |
| No. Units | 11 |
| Property Type | Multifamily |
| Building Size | 8,332 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.2/1,000 SF |
| Zoning | LAR3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $2,400 | 800 |
| Studios | 2 | $1,600 | 300 - 350 |
| 2+2 | 1 | $3,500 | 1,250 |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (83)
Property Taxes
| Parcel Number | 4259-017-023 | Improvements Assessment | $538,685 |
| Land Assessment | $443,364 | Total Assessment | $982,049 |
Property Taxes
Parcel Number
4259-017-023
Land Assessment
$443,364
Improvements Assessment
$538,685
Total Assessment
$982,049
1 of 14
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
11980 Nebraska Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.