25032 Frampton Ave - Apartments FOR SALE


Harbor City, CA 90710
$1,450,000 USD
323-208-9512
25032 Frampton Ave, Harbor City, CA for Sale
$1,450,000 USD
Apartments - FOR SALE
1/28
null | 5.02% Cap Rate

25032 Frampton Ave
Harbor City, CA 90710


HIGHLIGHTS

  • 10-Unit multifamily investment opportunity consisting of nine 1 bed/1 bath and one 2 bed/1 bath units with over 60% upside in rents
  • All units separately metered for gas & electric and abundant on-site parking with adjacent “alley lot” bringing the total lot size to 14,674 Sq Ft
  • Benefitting from close proximity to the 110 freeway and PCH, providing easy access to Downtown Los Angeles, Long Beach, and the South Bay
  • Surrounded by key destinations such as Rolling Hills Plaza, LA Harbor College, Kaiser Permanente South Bay, and the Port of Los Angeles
  • Seller is a court appointed referee and sale is subject to court confirmation and overbid. Property sold AS-IS.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$195 USD /SF

# OF UNITS

10

PRICE/UNIT

$145,000

CAP RATE

5.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,674 SF

ZONING

RD1.5

APN/PARCEL ID

7413-001-007

ASK ABOUT THIS PROPERTY

Mark CianciulliMark CianciulliMore Info
323-208-9512

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Mark CianciulliMark CianciulliMore Info
323-208-9512

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.