$ 11,000,000
-
$11,000,000
Price -
5
Bed -
4
Bath -
35,160
SqFt
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About the Listing S1158 - SLAMPSTE
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.
Listing Highlights
Status
Active
Days on Site
24
Property Type
Multi-Family
MLS ®
SB26127755
Year Built
1976
Total Square Footage
35,160
Lot/Acreage
1.3
County
Los Angeles
Area
124 - Harbor City
Interior Details
- Bedrooms: 5
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Rectangular Lot,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 180
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7410028090
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
25711 Frampton Harbor City, CA 90710
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