The CREM Group is pleased to exclusively present 25032 Frampton Avenue in Harbor City, CA—a 10-unit apartment building offering significant value-add potential. Constructed in 1977, the property consists of nine 1-bedroom units and one 2-bedroom unit, totaling 7,440 square feet of gross building area on a 10,004-square-foot lot. Included in the offering is the adjacent "alley parcel," an additional 4,670 square feet utilized for tenant parking, bringing the total land area to 14,674 square feet. With current rents over 40% be low market, this property offers an opportunity to achieve north of a 10% CAP rate upon un it turnover, making it an exceptional investment for those seeking value growth.
Seller is a court appointed referee and sale is subject to court confirmation and overbid. Seller cannot make any representations as to the condition or history of the subject property and Seller shall not be responsible for any repairs, inspection reports, or retrofit requirements prior to closing. BUYER TO CONDUCT THEIR OWN INVESTIGATIONS.