25032 Frampton Avenue
Harbor City
90710
$1,939,000
Residential Income
built: 1977
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- PV23154285
- Year Built:
- 1977
- Photos (27)
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New list price gives much better gross multiplier and Cap rate than before. Please take another look. 10 unit apartment building in Harbor City plus an additional parcel of 4670 sq ft (parcel# 7413001030) which is a strip of land good for additional parking and possibly could be used for additional units. The stated lot size in the listing is the sum of both parcels. The property has full solar owned free and clear. There is onsite laundry and a vending machine which can produce income and there are 6 carports and approx 10 additional parking spaces. This property is just minutes from the 110 freeway and close to the LA Harbor. In July 2022 the property passed the LA City Systematic Code enforcement program (SCEP) inspection. Prior to this inspection in 2022: New hard wired smoke detectors were installed in 11 bedrooms and laundry room, new hard wired CO detectors and smoke detectors in all 10 living rooms. 3 new skylights were installed in the 3 stairwells. New carpet in the 3 stairwells to upper units. 3 new solid core doors were installed and painted. Unit 6 received new hardwood flooring and a new toilet. 5 new tub/shower mechanisms were installed. 4 new garbage disposals installed and 1 repaired. 5 vanity drawers were rebuilt. Some interior painting was completed. New asphalt driveway with slurry sealant was done in Feb 2023.Come February 1st it appears that all rents across the board can be increased 7% per LA CITY housing department. Stated rents in the analysis are based on Feb 1 2024 effective rent increases if those remain authorized by the city. Buyer to please verify this information.
- Property Sub Type:
- Apartment
- Property Attached:
- No
- Lot Area:
- 14,672 sq. ft.
- Lot Details:
- 50x200 + extra lot
- Bathrooms:
- - (Full:-, Half:-)
- Year built:
- 1977 (Age: 46)
- General Listing Location:
- Harbor City, 124 - Harbor City
- County Or Parish:
- Los Angeles
- Tenant Pays:
- Gas
- Common Interest:
- Community Apartment
- Gross Income:
- $127,380
- Gross Scheduled Income:
- $135,072
- Net Operating Income:
- $83,291
- Cap Rate %:
- 4.3
- Rent Control:
- Yes
- Total Actual Rent:
- $10,823
- Association Fee:
- $0
- Land Lease:
- No
- Electric Expense:
- $557
- Fuel Expense:
- $2,530
- Gardener expense:
- 960.00
- Insurance Expense:
- $3,832
- Licenses expense:
- 1227.0
- Taxes expense:
- 22419.0
- Operating Expense:
- $46,045
- Pest control expense:
- $877
- Professional Management Expense:
- $0
- Trash Expense:
- $6,289
- Water and Sewer Expense:
- $7,374
- Vacancy Allowance:
- $0
- Vacancy Allowance Rate:
- $0
- Tax Lot:
- 7
- Tax Block:
- 3
- South of Lomita Blvd
- Floor
- Type
- Size
- Other
- -
- Living Room
- 0 × 0
- -
- -
- Kitchen
- 0 × 0
- -
- View:
- City Lights
- Appliances:
- Free-Standing Range, Disposal, Gas Oven, Gas Range, Gas Water Heater, Dryer, Washer
- Accessibility Features:
- Parking
- Number of Buildings:
- 1
- # of Electric Meters:
- 11
- # of Gas Meters:
- 11
- # of Water Meters:
- 1
- Community Features:
- Biking, Curbs, Dog Park, Park, Street Lights, Sidewalks, Urban
- Senior Community:
- No
- Interior Features:
- Tile Counters
- Laundry Features:
- Common Area, Washer Hookup, Laundry Room
- Window Features:
- Blinds, Screens
- Pool Features:
- None
- Private Pool:
- No
- Spa Features:
- None
- Lot Features:
- Level, Paved, Rectangular Lot
- Fireplace Features:
- None
- Security Features:
- Carbon Monoxide Detector(s), Smoke Detector(s)
- Levels:
- Two
- Num Stories:
- 2
- Entry Level:
- 1
- Entry Location:
- front
- Construction Materials:
- Stucco
- New Constr.:
- No
- Flooring:
- Carpet, Laminate
- Foundation:
- Slab
- Common Walls:
- No Common Walls
- # Units:
- 10
- Property Condition:
- Updated/Remodeled, Turnkey
- Heating:
- Wall Furnace
- Fireplace:
- No
- Cooling:
- None
- Utilities:
- Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
- Electricity:
- Electricity - On Property
- Fencing:
- Good Condition
- Water supply:
- Public
- Sewer:
- Public Sewer
- Green Energy Generation:
- Solar
- Spa:
- No
- Road Frontage Type:
- City Street
- Road Surface Type:
- Paved
- Garage Spaces:
- 0
- Uncovered Spaces:
- 10
- Carport Spaces:
- 6
- Total Parking Spaces:
- 16
- Parking Features:
- Carport, Driveway, On Site, Paved, One Space
- Special Listing Conditions:
- Standard
- Parcel Number:
- 7413001007
- Additional Parcels:
- 7413001030
- Zoning:
- LARD1.5
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Photo 10 of 27
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Parking
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Photo 12 of 27
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Carport
-
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Photo 15 of 27
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Front
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Photo 17 of 27
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Bathroom
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Bedroom
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Dining area
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Kitchen
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Laundry and vending machine
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Laundry area
-
Living room
-
Photo 25 of 27
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Living room
-
Stairway
Listed by RE/MAX Estate Properties
Data was last updated December 2, 2023 at 02:40 PM (UTC)
- CHRISTYNA BUTCHER
- DEASY PENNER PODLEY
- 1 (626) 2619093
- Contact by Email
Based on information from California Regional Multiple Listing Service, Inc. as of December 2, 2023 at 02:40 PM (UTC) and/or other sources.
All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Office Address:
755 E Rte 66
Glendora, CA, 91741