25032 Frampton Ave - Apartments FOR SALE


Harbor City, CA 90710
$1,500,000 USD
818-939-4058
25032 Frampton Ave, Harbor City, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/27
null | 4.55% 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 40% 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
  • Densely populated area with over 1,528,000 people within a 5-mile radius and $105,760 AHHI within 2 miles of the subject property
  • 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. 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.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$202 USD /SF

# OF UNITS

10

PRICE/UNIT

$150,000

CAP RATE

4.55%

% 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

7413-001-007,7413-001-030

ASK ABOUT THIS PROPERTY

Andrew LeffThe CREM GroupMore Info
818-939-4058

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Andrew LeffThe CREM GroupMore Info
818-939-4058

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