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.
PUBLIC NOTICE OF SALE
ON TUESDAY, MAY 13, 2025, AT 8:30 A.M. AT THE LOS ANGELES SUPERIOR COURT, STANLEY MOSK COURTHOUSE, DEPT. 74, 111 N. HILL ST, LOS ANGELES, CA 90012, THE
PROPERTY LOCATED AT 25032 FRAMPTON AVENUE, HARBOR CITY, CA 90710 WITH THE FOLLOWING LEGAL DESCRIPTION:
Parcel 1: Lot 7, Block 3 of Tract No. 1589, in the City of Los Angeles, County of Los Angeles, State of California, as per Map recorded in Book 21, Page(s) 38 and 39 of Maps, in the office of the County Recorder of said County. Parcel 2: The North 250 feet of the South 1595 feet of Lot 327 in Tract No. 1589, in the City of Los Angeles, County of Los Angeles, State of California, as per Map recorded in Book 21, Page(s) 38 and 39 of Maps, in the office of the County Recorder of said County. Assessor's Parcel No. 7413-001-007; 7413-001-030
WILL BE SOLD BY WAY OF A COURT CONFIRMATION AND OVERBID HEARING. THE OPENING BID WILL BE $1,439,000. BIDDERS SHOULD CONTACT THE COURT REFEREE AT
LEAST 2 BUSINESS DAYS BEFORE THE HEARING TO PREQUALIFY TO BID BY: (1) SIGNING THE RULES FOR CONFIRMATION AND OVERBID HEARING; (2) PROVIDING PROOF OF
FUNDS; (3) PROVIDING A $137,000 DEPOSIT VIA CASHIER’S CHECK OR WIRE/ACH. ALLBIDDERS THAT ARE NOT THE WINNING BIDDER WILL RECEIVE THEIR $137,000 DEPOSIT
BACK FOLLOWING THE HEARING. PREQUALIFIED BIDDERS MAY APPEAR IN PERSON OR REMOTELY. CALL BROKER ANDREW LEFF AT 818-939-4058 FOR DETAILS.