11300 Nebraska avenue
los angeles, CA 90025
Rare opportunity to own a generational
asset in a prime location.
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!
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, with tremendous demand and limited supply, this mixed-use asset is surrounded by major new developments and major joints such as Starbucks, Equinox Sports Club, The Gym LA, The Los Angeles Police Department, Chevron, Enterprise Rent-A-Car, Del Taco, Jamba Juice, Carvel, Mobil Gas Station, and Goodwill Southern California Store.
*Buyer to verify all information with the city and to perform their own due diligence.