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25130 Frampton Ave - Harbor Gateway Townhomes #1 6 Unit Apartment Building Offered at $3,475,000 at a 5.74% Cap Rate Harbor City, CA 90710
INVESTMENT HIGHLIGHTS
- Beautiful New 2024 Construction 3-Bedroom Townhomes
- 5.7% Cap Rate on Current Rents
- Approved & Permitted for Two Additional 1-Bedroom ADUs (to Total 8 Units)
- Average Unit Size 1,041 Square Feet
- 2:1 Parking with Garages
- Two Adjacent Six-Unit Parcels For Sale Together or Individually
EXECUTIVE SUMMARY
Morgan Skenderian is pleased to present the newly-built to condo specifications Harbor Gateway Townhomes #1. This 2024 construction gem showcases (6) beautiful 3-bedroom townhomes. Investors and tenants both will love the modern, high-end décor and amenities found throughout the exterior and interior of units.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$261,060
|
$41.81
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,221
|
$0.84
|
| Effective Gross Income |
$255,839
|
$40.97
|
| Taxes |
$42,356
|
$6.78
|
| Operating Expenses |
$14,189
|
$2.27
|
| Total Expenses |
$56,545
|
$9.06
|
| Net Operating Income |
$199,294
|
$31.92
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $261,060 |
| Annual Per SF | $41.81 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,221 |
| Annual Per SF | $0.84 |
| Effective Gross Income | |
|---|---|
| Annual | $255,839 |
| Annual Per SF | $40.97 |
| Taxes | |
|---|---|
| Annual | $42,356 |
| Annual Per SF | $6.78 |
| Operating Expenses | |
|---|---|
| Annual | $14,189 |
| Annual Per SF | $2.27 |
| Total Expenses | |
|---|---|
| Annual | $56,545 |
| Annual Per SF | $9.06 |
| Net Operating Income | |
|---|---|
| Annual | $199,294 |
| Annual Per SF | $31.92 |
PROPERTY FACTS
| Price | $3,475,000 | Property Type | Multifamily |
| Price Per Unit | $579,167 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 6,244 SF |
| Cap Rate | 5.74% | No. Stories | 2 |
| Gross Rent Multiplier | 13.31 | Year Built | 2024 |
| No. Units | 6 | ||
| Zoning | LARD1.5 | ||
| Price | $3,475,000 |
| Price Per Unit | $579,167 |
| Sale Type | Investment |
| Cap Rate | 5.74% |
| Gross Rent Multiplier | 13.31 |
| No. Units | 6 |
| Property Type | Multifamily |
| Lot Size | 0.23 AC |
| Building Size | 6,244 SF |
| No. Stories | 2 |
| Year Built | 2024 |
| Zoning | LARD1.5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Washer/Dryer
- Island Kitchen
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 3 | $3,683 | 942 |
| 3+2.5 | 1 | $3,915 | 1,017 |
| 3+2 | 1 | $3,250 | 1,118 |
| 3+2 | 1 | $3,540 | 1,283 |
1 1
Walk Score®
Very Walkable (78)
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25130 Frampton Ave - Harbor Gateway Townhomes #1
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