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Key Details
Sold Price $1,370,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 25622821
Sold Date 07/08/25
HOA Y/N No
Year Built 1977
Property 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, 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.
Location
State CA
County Los Angeles
Area 124 - Harbor City
Zoning LARD1.5
Interior
Fireplace No
Others
Tax ID 7413001007
Special Listing Condition Standard
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Bought with Evelyn Baez Gonzalez Lyon Stahl Investment Real Estate, Inc.
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960