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.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.