1002 Prospect Ave, Hermosa Beach, CA 90254
- $2,950,000
- 8
- BD
- 6
- BA
- 3,306
- SqFt
- List Price
- $2,950,000
- MLS#
- 23-299573
- Year Built
- 1955
- Bedrooms
- 8
- Bathrooms
- 6
- Living Sq. Ft
- 3,306
- Lot Size
- 5,676
- Days on Market
- 26
- Property Type
- Multifamily
- Stories
- 2
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
- Other Buildings
- Other
- Heat
- Other
- Cooling
- Other
- View
- Ocean
- Number of Cars in Garage
- Garage
- Garage Spaces Total
- 4
Mortgage Calculator
Courtesy of , Gianluca Jacoli - CA DRE#
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