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 ofnine 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 “alleyparcel, ” 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, thisproperty offers an opportunity to achieve north of a 10% CAP rate upon unit turnover, making it an exceptional investment for those seeking value growth.
Details
Additional details
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Roof: Tile
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Cooling: None
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Heating: Wall Furnace
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Flooring: Tile
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County: Los Angeles
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Property Type: Residential
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Pool: None
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Parking: Carport, One Space
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Architectural Style: Traditional
Address
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Address: 25032 Frampton Avenue
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Zip/Postal Code: 90710
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