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11300 Nebraska Ave, Los Angeles, CA 90025
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11300 Nebraska Ave Los Angeles, CA 90025

$4,100,000 Sold Price as of 01/28/2022
  • -- Beds
  • -- Baths
  • 4,023 Sq.Ft.
Sold
$4,100,000 Sold Price as of 01/28/2022 Refinance Your Mortgage
Map preview of 11300 Nebraska Ave, Los Angeles, CA 90025

Property Overview: 11300 Nebraska Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 4,023 living square feet and 7,384 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 11300 Nebraska Avenue is on the market for the first time in nearly 30 years! Located in the heart of Japantown on Sawtelle Boulevard in an A+ West Los Angeles Location. The subject property consists of a Sushi restaurant with a wine & beer license, fronting Sawtelle Boulevard in the best stretch of Japantown, parking in the middle along with three 1 + 1 apartment units in the rear and 4 private garages approximately 200 SF each.One of the four private garages has been converted to an owner/user office. An additional ADU can be built using 1 to 4 of the private garages with no size limit and the loss of parking does not need to be replaced. Buyer to verify with city of Los Angeles. With nearly 4,023 SF of building and a 7,383 SF lot, this investment opportunity generates an investor nearly a 3.47% return on the current with potential upside of nearly 5.52%. The current restaurant tenant is paying 18% of gross income sales as rent. With the restaurant being on a month-to-month term, this allows an owner user the opportunity to take advantage of SBA financing and own a trophy asset with as little as 10% down while operating their own business! The subject property comprises of roughly 7,383 SF lot allowing for a backdoor development opportunity, with TOC Tier 3 incentives, a developer can build 26 units!

Listed by Daniel Hirth | BRE #01515796 | KW Advisors
Last checked: 49 seconds ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 55

Home details

Lot Sq. Ft
7,384
HOA Dues
$0/mo
Year built
1958
Garage
--
Property Type:
Other
Status
Sold
MLS#
21781858
City
Los Angeles
County
Los Angeles
Time on Site
341 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 11300 Nebraska Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Features: Corner Lot
Property Information
  • Total # of Units: 3
  • Parcel Number: 4261021001
  • Entry Level: 1
Location / Neighborhood
Location Information
  • Directions: This trophy asset is located on the well-known thoroughfare of Sawtelle Boulevard, in one of the hottest and most sought-after submarkets of West Los Angeles.
View more facts & features

Local Los Angeles Agent

Sale History for 11300 Nebraska Ave

Last sold for $4,100,000 on January 28th, 2022

  • January, 2022

  • Jan 28, 2022

    Date

    Sold

    CRMLS: 21781858

    $4,100,000

    Price

  • Sep 8, 2021

    Date

    Active

    CRMLS: 21781858

    $5,000,000

    Price

Tax History for 11300 Nebraska Ave

Assessed Value (2020): $234,040
Year Land Value Improved Value Assessed Value
2020 $103,095 $130,945 $234,040

Home Value Compared to the Market

This property vs the competition

11300 Nebraska Ave sold on January 28, 2022 for 320.17% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $1242.85 per/sqft which puts the price per square foot 64.62% higher than the current median sale per square foot for the city of Los Angeles.

About 11300 Nebraska Ave

Detailed summary of property

11300 Nebraska Ave is a other that recently sold in Los Angeles, CA 90025. This property offered -- bedrooms, -- bathrooms, roughly 4,023 living square feet, and sits on an approximately 7,384 square foot lot. 11300 Nebraska Ave was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $4,100,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 320.17% higher than the current median priced home. Local homes that are currently for sale include 11428 S Main St, 1625 Blake Ave and 2233 Riverdale Ave. While the average home in Los Angeles, CA is selling in 93 days, 11300 Nebraska Ave has a days on market of 55 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 11300 Nebraska Ave Los Angeles, CA 90025 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 11300 Nebraska Ave

Public county record property details
Beds
3
Baths
3
Year built
1958
Sq. Ft.
4,023
Lot Size
7,383
Stories
1
Type
Restaurant
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
4261-021-001

The source for these homes facts are from public records.

90025 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,149,000
Median List Price/Sq.Ft.
$743
Median Sold Price
$1,100,935
Median Sold Price/Sq.Ft.
$698
Total Inventory
108
Median Sale to List Price %
104.95%
Avg Days on Market
32
Loan Type
Conventional (13.64%), FHA (0%), VA (0%), Cash (18.18%), Other (9.09%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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