$1,370,000
$1,450,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
11 Beds
10 Baths
7,440 SqFt
SOLD DATE : 07/08/2025
Key Details
Sold Price $1,370,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 7,440 sqft
Price per Sqft $184
MLS Listing ID 25482381
Bedrooms 11
Full Baths 10
Year Built 1977
Lot Size 10,005 Sqft
Property Sub-Type Single Family Residence
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 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.
Location
State CA
County Los Angeles
Area 124 - Harbor City
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Flooring Tile
Fireplaces Type None
Laundry See Remarks
Exterior
Parking Features Carport, One Space
Pool None
View Y/N No
View None
Roof Type Tile
Building
New Construction No
Others
Special Listing Condition Standard
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Bought with Evelyn Baez Gonzalez Lyon Stahl Investment Real Estate, Inc.