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25134-25200 Frampton Avenue - Harbor Gateway Townhomes 12 Unit Apartment Building Offered at $6,950,000 at a 5.46% Cap Rate Harbor City, CA 90710
INVESTMENT HIGHLIGHTS
- Beautiful New 2024 Construction 3-Bedroom Townhomes
- 5.5% Cap Rate on Current Rents
- Approved & Permitted for Four Additional 1-Bedroom ADUs (to Total 16 Units)
- Average Unit Size 1,034 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. This 2024 construction gem showcases (12) beautiful 3-bedroom townhomes, situated across two adjacent 6-unit parcels. Investors and tenants both will love the modern, high-end décor and amenities found throughout the exterior and interior of units.
The property is available for sale individually as 6-unit properties or together as 12 units.
The property is available for sale individually as 6-unit properties or together as 12 units.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$501,504
|
$40.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$10,030
|
$0.81
|
| Effective Gross Income |
$491,474
|
$39.59
|
| Taxes |
$85,100
|
$6.86
|
| Operating Expenses |
$26,600
|
$2.14
|
| Total Expenses |
$111,700
|
$9.00
|
| Net Operating Income |
$379,774
|
$30.59
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $501,504 |
| Annual Per SF | $40.40 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $10,030 |
| Annual Per SF | $0.81 |
| Effective Gross Income | |
|---|---|
| Annual | $491,474 |
| Annual Per SF | $39.59 |
| Taxes | |
|---|---|
| Annual | $85,100 |
| Annual Per SF | $6.86 |
| Operating Expenses | |
|---|---|
| Annual | $26,600 |
| Annual Per SF | $2.14 |
| Total Expenses | |
|---|---|
| Annual | $111,700 |
| Annual Per SF | $9.00 |
| Net Operating Income | |
|---|---|
| Annual | $379,774 |
| Annual Per SF | $30.59 |
PROPERTY FACTS
| Price | $6,950,000 | Property Type | Multifamily |
| Price Per Unit | $579,167 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 12,413 SF |
| Cap Rate | 5.46% | No. Stories | 2 |
| No. Units | 12 | Year Built | 2024 |
| Zoning | LARD1.5 | ||
| Price | $6,950,000 |
| Price Per Unit | $579,167 |
| Sale Type | Investment |
| Cap Rate | 5.46% |
| No. Units | 12 |
| Property Type | Multifamily |
| Lot Size | 0.46 AC |
| Building Size | 12,413 SF |
| No. Stories | 2 |
| Year Built | 2024 |
| Zoning | LARD1.5 |
AMENITIES
UNIT AMENITIES
- Disposal
- Washer/Dryer
- Island Kitchen
- Vinyl Flooring
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 4 | $3,348 | 1,118 - 1,283 |
| 3+2.5 | 8 | $3,707 | 942 - 1,017 |
1 1
Walk Score®
Very Walkable (82)
1 of 12
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25134-25200 Frampton Avenue - Harbor Gateway Townhomes
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