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1002 Prospect Ave, Hermosa Beach, CA 90254
$2,950,000
1002 Prospect Ave, Hermosa Beach, CA 90254View this property at 1002 Prospect Ave, Hermosa Beach, CA 90254
1002 Prospect AveHermosa BeachCA90254
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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.
Full Property Details
Full Property Details for 1002 Prospect Ave
General
- Sold For: $2,950,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 23-299573
- Added to Site: 407 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 6
Bedrooms
- Total Bedrooms: 8
Additional Information
- Other Features: Other
Parking
- Garage: Yes
- Garage Spaces: 4
- Garage Description: Garage
Location
- Area: Hermosa Beach East
- County: Los Angeles
- Cross Streets: Prospect Avenue & 10th Street
- Driving Directions: South of Aviation Boulevard, West of Harper Avenue, North of 10th Street, East of Pacific Coast Highway
Heating & Cooling
- Cooling Type: Other
- Heating Type: Other
Utilities
- # Gas Meters: 6
- # Electric Meters: 6
Structural Information
- # Buildings: 2
- Stories/Levels: 2
- Square Feet: 3,306
- Sq. Ft. Source: Estimated
- Year Built: 1955
- Year Built Source: Estimated
Unit Information
- Units in Complex: 6
- Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
Unit 4
- Total Bathrooms: 1
- Bedrooms: 2
Unit 5
- Total Bathrooms: 1
- Bedrooms: 2
Unit 6
- Total Bathrooms: 1
Additional Structures
- Other Structures: Other
Lot Features
- Property View: Ocean
- Lot Size (Acres): 0.0691
- Lot Size: 5676
- Lot Size Source: Estimated
- Zoning: HBR2*
Financial Considerations
- Price Per Sq. Ft.: $892.32
- Price Per Unit: 491667
- Assessment Year: 1955
Disclosures and Reports
- Disclosures/Reports: As Is
- APN: 4161-027-006
Listed and Sold by Shield CRE, Inc., Gianluca Jacoli
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Schools
Schools serving 1002 Prospect Ave
School District:Hermosa Beach City Elementary School District
Rating | Name | Grades | Distance |
---|---|---|---|
Hermosa View Elementary School
1800 Prospect Ave, Hermosa Beach, CA 90254 | PK-5 | 0.5 mi | |
1645 Valley Dr, Hermosa Beach, CA 90254 | 3-8 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1002 Prospect Ave
Date
Details
Price
Change
Source
12/29/2023
Sold
$2,950,000
—
MLS
8/10/2023
Listed
$2,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1002 Prospect Ave, Hermosa Beach, CA 90254 (MLS# 23-299573) is a Multi-Family property that was sold at $2,950,000 on December 29, 2023. Want to learn more about 1002 Prospect Ave? Do you have questions about finding other Multi-Family real estate for sale in Hermosa Beach? You can browse all Hermosa Beach real estate or contact a Coldwell Banker agent to request more information.