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Listed by Stephen Lampe, DRE #01164364 • Re/Max Commercial & Investment
$ 11,000,000
Est. payment /mo
Contingent
25711 Frampton Harbor City, CA 90710
1.3 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRSB26127755
Year Built 1976
Lot Size 1.297 Acres
Source California Regional MLS
Property Description
The subject property is a 60-unit apartment building situated on a 56,511 square foot lot zoned R3, located in the South Bay of Los Angeles, in Harbor City. The improvements consist of a two-story wood-frame & stucco apartment complex that was built in 1976. There are 57 one-bedroom one-bath units and 3 two-bedroom units. The property is gated and has nicely landscaped walkways within the common areas. There is a large maintenance room in the center on the ground floor with a bathroom and two additional maintenance closets for cleaning and gardening supplies. There are 90 parking spaces on grade level and a laundry room on the premises for the tenants, as well as a pool (which is currently drained and covered). The utilities are master metered for both gas and electric utilities, which the landlord pays for, and a majority of the rents are below market. The property is subject to the City of Los Angeles RSO (Rent Stabilization Ordinance), which limits rent increase on existing tenants to 3% per year currently. The property is on Frampton Avenue and is adjacent to a newly constructed Starbucks, which is at the NWC of PCH (Pacific Coast Highway) and Frampton Avenue. There is a U.S. Post Office a half block away on Frampton, as well as a mixture of commercial and reside
Location
State CA
County Los Angeles
Area 124 - Harbor City
Interior
Laundry Laundry Area
Exterior
Garage Spaces 180.0
Pool Pool - In Ground, Pool - Yes, Pool - Solar Cover, Pool - Fenced
Building
Water District - Public
Others
Tax ID 7410028090
Special Listing Condition Not Applicable , Accepting Backups
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