25711 Frampton, Harbor City, CA 90710

The property is a gated, two-story wood-frame and stucco apartment complex built in 1976, comprising 60 units total. The unit mix includes 57 one-bedroom, one-bath apartments and 3 two-bedroom units. Common area features include landscaped walkways. On-site amenities include a laundry room for tenants and a pool, which is currently drained and covered. Operational support space includes a large maintenance room on the ground floor with a bathroom and two additional maintenance closets for cleaning and gardening supplies. Parking is provided at grade level with 90 spaces.

The building is located on Frampton Avenue in Harbor City, on a 56,511 square foot lot zoned R3. The property is adjacent to a newly constructed Starbucks at the northwest corner of PCH and Frampton Avenue. A U.S. Post Office is about a half block away on Frampton, with a mix of commercial and residential buildings in the surrounding area.

For buyers or operators, the property is subject to the City of Los Angeles RSO (Rent Stabilization Ordinance), which limits rent increases on existing tenants to 3% per year currently. The utilities are master metered for gas and electric, with the landlord paying for these utilities. A majority of rents are described as below market, and the building’s current configuration and amenities support a steady multifamily rental operation with established on-site services and parking.