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$11,000,000
SB26127755 MLS ⋅ Active Status
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 residential buildings. The property is in close proximity to major employers such as the Port of Los Angeles, Kaiser Hospital, Home Depot, Target, and many other retail stores along PCH. Harbor Regional Park, Harbor Park Golf Course, Harbor Community College, Harbor City Little League, LA Waterfront Development, and the 110 Freeway are all within 2 miles, just minutes away. The population density is very high, with 30,000 residents within a 1-mile radius and over 200,000 residents within a 3-mile radius, which results in a strong rental market with high demand for apartments in the Harbor City submarket.

25711 Frampton, Harbor City
$2,200,000
SB26050581 MLS ⋅ Active Status
Excellent investment opportunity in the highly desirable Harbor City area of Los Angeles. This is a well-maintained multi-family property that features two separate four-unit buildings with approximately 7,408 sq ft of interior living space situated on a lot over 15,500 sq ft in size. Each of the eight units offers 2 bedrooms and 1 bathroom with over 900 sq ft of living space. The property includes detached garage parking for each unit, with storage shelves, and community laundry facilities that offer investors additional income. Recent improvements include exterior painting, roof, and upgraded electrical panel. Many units feature updated kitchens and bathrooms along with flooring. Utilities are individually metered for gas and electricity. The property benefits from stable and reliable tenants on month-to-month leases, offering flexibility for future rent adjustments. One unit is vacant. Conveniently located with easy access to major freeways, and close to schools, shopping, and healthcare facilities including Kaiser Permanente South Bay Medical Center. A rare opportunity to acquire a stable, low maintenance, income-producing asset in a strong rental market. This is a trust sale. Property sold As-is. Reach out to the listing agent to verify details and receive further information

1310 Anaheim Street, Harbor City

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.