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    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
    Agent info
    Contact Agent
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