1002 -1006 Prospect Avenue, Hermosa Beach, CA 90254

About this property

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.

Listing description from the December 2023 sale, as reported to CRMLS.

Sale history

$2,950,000

Sold December 2023 · on market August 2023 · MLS #23299573 · Source: CRMLS

Listing Agent: Gianluca Jacoli · Listing Office: Shield CRE, Inc. · Contact: 310-593-9869 · Bought with: Gianluca Jacoli · Shield CRE, Inc.

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