tomo logo

$1,500,000

Beds
11
Baths
10.0
sq ft
7,440

25032 Frampton Ave, Harbor City, CA 90710

25032 Frampton Ave

Harbor City, CA 90710

  • 5 days on market
25032 Frampton Avenue in Harbor City, CA, is a 10-unit apartment building offering significant value-add potential. Constructed in 1977, the property consists of nine 1-bedroom units and one 2-bedroom unit, totaling 7,440 square feet of gross building area on a 10,004-square-foot lot. Included in the offering is the adjacent "alley parcel," an additional 4,670 square feet utilized for tenant parking, bringing the total land area to 14,674 square feet. With current rents over 40% below market, this property offers an opportunity to achieve north of a 10% CAP rate upon unit turnover, making it an exceptional investment for those seeking value growth.

Details

Property type

Single Family Residence

Lot size

0.2297 acres

Price per sq ft

$202

Year built

1977

HOA

No

Price History

01/14/2025
CLAW

CLAW #25482381

Listed
$1,500,000

Schools & Community

Neighborhood: 

Harbor City

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Federal Bank Of California

Loan start date

September 2008

Original loan amount

$514,000

Est. remaining balance

Not provided

Interest rate

6.52%

Loan type

Negative Amortization, 30 year

Seller

Robert F Appell and Michael J Sipila

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/22/2025 at 3:45 AM

Listing updated: 01/20/2025 at 3:10 PM

Listed by: Mark Cianciulli, The CREM Group Phone #: (323) 347-1009

MLS: CLAW #25482381

CLAW logo

Recently listed in Harbor City

$1,200,000|4 bd|3.0 ba|House
$865,000|3 bd|3.0 ba|House
$1,190,000|5 bd|3.0 ba|House
$1,250,000|4 bd|3.0 ba|House
$999,000|3 bd|1.75 ba|House

Explore top cities in California

listing placeholder
images coming soon