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
- View:
- Pier
- Parking:
- 26.00
- New Construction YN:
- 0
- Parking:
- Driveway
- Senior Community:
- 0
- List Agent Agent ID:
- CLW-C122805
- Stories:
- 2
- Association:
- 0
Address Map
- Street:
- Prospect
- Street Number:
- 1002
- Street Suffix:
- Avenue
- Zip4:
- 4321
- Floor Number:
- 0
- Longitude:
- W119° 36' 44.9''
- Latitude:
- N33° 51' 47.6''
MLS Addon
- Listing Courtesy of:
- Shield CRE, Inc.
- TaxAnnualAmount:
- $0
- Garage Spaces:
- 4
- Zoning:
- HBR2*
- Lot Size Square Feet:
- 5,676 Sqft
- List Agent Last Name:
- Jacoli
- List Agent License Number:
- 01938297
- Special Listing Conditions:
- Standard
- List Office ID:
- CLW-X82383
- List Agent First Name:
- Gianluca
- Directions:
- South of Aviation Boulevard, West of Harper Avenue, North of 10th Street, East of Pacific Coast Highway
- MLSAreaMajor:
- 150 - Hermosa Bch East
- Parcel Number:
- 4161027006
- List Agent License Number:
- 02081496
- TaxAnnualAmount:
- $0
- TaxYear:
- 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:
- CA
- 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
