Compare Listings

25423 Frampton Ave, Harbor City, CA 90710

$1,625,000

Description

Austin Longwell & Johnnie Stiegler of Lyon Stahl are proud to present 25423 Frampton Ave in Harbor City, California. This NON-RENT CONTROL asset is a 5,669 SF eight-unit apartment complex situated on a 7,501 SF lot. Conveniently located less than a mile from PCH, the 110 Freeway, Kaiser Permanente, and less than two miles from major retailers such as Costco, Whole Foods, Rite Aide, and many others. The unit mix is comprised of two 2-bedrooms/1-bathrooms units, five 1-bedroom/1-bath units, and one studio. The property has gated parking with remote controlled entry allowing tenants access to three carport spaces and 5 parking spaces. Onsite amenities include a laundry room, landscaped common areas, storage cabinets, and harbor views. The structure was built in 1983 and has a hip shaped composition shingle roof. The annualized gross scheduled income is more than $111,000 and offers potential buyers nearly 20% in rental upside! At $286 PSF this investment opportunity will not last long!
.

Investment Highlights:

● 1983 Construction not subject to rent control.
● Gated & Secure lot with 3 carport spaces & 5 parking spaces.
● 14.6 GRM | 4.66% Cap | $203,125/Door | $286/SF
● The annualized gross scheduled income is more than $111,000 and offers
potential buyers nearly 15% in rental upside!
● Perfect stabilized asset with major value-add opportunity.

Property Downloads

Address

  • City: Harbor City
  • State/county: CA
  • Country: United States

Detail

Updated on October 18, 2018 at 8:58 pm

  • Price: $1,625,000
  • Property Size: 5,669 Sq Ft
  • Land Area: 7,501 Sq Ft
  • Year Built: 1983
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 8
  • NOI: $74,579
  • GRM: 14.76
  • CAP RATE: 4.59%
  • Price per Unit: $203,125

Contact info

Austin Longwell
Austin Longwell
(424) 781-4651(626) 408-4420
Linkedin
Johnnie Stiegler
Johnnie Stiegler
(310) 990-9685(310) 447-2213

Inquire about this property

Agent Properties