Property Description
This exceptional Hermosa Beach investment offers a remarkable Value-Add opportunity with potential rental upside of about 150%. Boasting Ocean Views for all units, the property features two side-by-side triplexes, each with separate Assessor Parcel Numbers, in an A+ location close to Pier Avenue and the ocean. With a unit mix of four 2-bedroom/1-bathroom units and two studio/1-bathroom units, along with four garage parking spaces, this property qualifies for residential financing and stands as an opportunity for a flip or value-add long-term investment. The property falls under AB1482 which allows an investor to implement a flexible value add strategy. This is truly a blank canvas. Get in at an attractive price and add your own value.
Features
: Ocean
: 4.00
0
: Garage
0
CLW-C122805
2
0
Address Map
Prospect
1002
Avenue
4321
0
W119° 36' 44.9''
N33° 51' 47.6''
MLS Addon
Shield CRE, Inc.
$0
4
HBR2*
5,676 Sqft
Jacoli
01938297
: Standard
CLW-X82383
Gianluca
South of Aviation Boulevard, West of Harper Avenue, North of 10th Street, East of Pacific Coast Highway
150 - Hermosa Bch East
4161027006
02081496
$0
0
Residential Income Sold
1002 Prospect Avenue, Hermosa Beach, California 90254
0.13 Sqft
$2,950,000
Listing ID #23299573
Basic Details
Property Type : Residential Income
Listing Type : Sold
Listing ID : 23299573
List Price : $2,950,000
Year Built : 1955
Lot Area : 0.13 Sqft
Country : US
State : California
County : Los Angeles
City : Hermosa Beach
Zipcode : 90254
Close Price : $2,950,000
Status : Closed
Property Type : Single Family Residence
Price Per Square Foot : $892
Days on Market : 26