25032 Frampton Avenue
Harbor City, CA 90710
Active for $1,500,000
Beds: 11 Baths: 10 Structure Size: 7,440 sqft Lot Size: 10,004 sqft
MLS | 25482381 |
Year Built | 1977 |
Property Type | Single Family Residence |
County | Los Angeles |
Status | Active |
Active | $1,500,000 |
Structure Size | 7,440 sqft |
Lot Size | 10,004 sqft |
Beds | 11 |
Baths | 10 |
Description
25032 Frampton Avenue in Harbor City, CA, is 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% below market, this property offers an opportunity to achieve north of a 10% CAP rate upon unit turnover, making it an exceptional investment for those seeking value growth.
Listing information courtesy of: Mark Cianciulli, The CREM Group 323-208-9512. *Based on information from the Association of REALTORS/Multiple Listing as of 02/20/2025 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.