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Hermosa Beach, CA 90254,1002 -1006 Prospect AVE
Hermosa Beach, CA 90254,1002 -1006 Prospect AVE
Hermosa Beach, CA 90254,1002 -1006 Prospect AVE
$2,950,000
Est. payment /mo
$2,950,000
Est.Price: ?

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8 Beds
6 Baths
3,306 SqFt
SOLD DATE : 12/29/2023

Key Details

Sold Price $2,950,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,306 sqft

Price per Sqft $892

MLS Listing ID 23299573

Bedrooms 8

Year Built 1955

Lot Size 5,675 Sqft

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.

Location

State CA

County Los Angeles

Area 150 - Hermosa Bch East

Zoning HBR2*

Exterior

Parking Features Garage

Garage Spaces 4.0

Garage Description 4.0

View Y/N Yes

View Ocean

Building

Story 2

New Construction No

Others

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Gianluca Jacoli • Shield CRE, Inc.
Bought with Gianluca Jacoli • Shield CRE, Inc.
agent
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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