$2,950,000
$2,950,000
For more information regarding the value of a property, please contact us for a free consultation.
1002 -1006 Prospect AVE Hermosa Beach, CA 90254
8 Beds
6 Baths
3,306 SqFt
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
Sold Date 12/29/23
Bedrooms 8
HOA Y/N No
Year Built 1955
Lot Size 5,675 Sqft
Acres 0.1303
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*
Interior
Fireplace No
Exterior
Garage Garage
Garage Spaces 4.0
Garage Description 4.0
View Y/N Yes
View Ocean
Parking Type Garage
Total Parking Spaces 4
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 4161027006
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Gianluca Jacoli • Shield CRE, Inc.