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(310)918-5027
Real Estate Company
1002 -1006 Prospect Avenue, Hermosa Beach, CA 90254
- $2,950,000
- 8
- BD
- 6
- BA
- 3,306
- SqFt
- Sold Price
- $2,950,000
- List Price
- $2,950,000
- Closing Date
- Dec 29, 2023
- Status
- CLOSED
- MLS#
- 23299573
- Year Built
- 1955
- Bedrooms
- 8
- Bathrooms
- 6
- Living Sq. Ft
- 3,306
- Lot Size
- 5,676
- Acres
- 0.13
- Days on Market
- 26
- Property Type
- Multifamily
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.
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Additional Information
- View
- Ocean
- Garage Spaces Total
- 4
- Attached Structure
- Detached
- Number Of Units Total
- 6
Listing courtesy of Listing Agent: Gianluca Jacoli (luca@shieldcre.com) from Listing Office: Shield CRE, Inc..
Listing sold by Gianluca Jacoli from Shield CRE, Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.