- 5 BR
- 4 BA
- 3,454 SqFt.
- 4,063 Lot
- $2,899,900
- Active
- DOM: 8
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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Property Details for 1002 -1006 Prospect Avenue
Listing Details
- Listing Advertised By
- Dave Fratello, Edge(310) 243-6299|
|
- Listing Presented By
- Gianluca Jacoli
- Listing Brokered By
- Shield CRE, Inc.
- Type
- Residential Income
- Year Built
- 1955 (Estimated)
- MLS Area
- 150 - Hermosa Bch East
Price and MLS Information
- Status
- Closed | Listing History
- MLS Days on Mkt.
- 26 DOM
- First Date Active
- August 10th, 2023
- Closing Date
- December 29th, 2023
- Sold Price
- $2,950,000
- Sold PPSF
- $892
- Orig. List Price
- $2,950,000
- MLS® #
- 23299573
- APN
- 4161027006
- Special
- Standard
Home Interior Information
- Bedrooms
- 8
- Total Baths
- 6
- Int. Sqft.
- 3,306
Exterior Information
- Lot Size (sq. ft.)
- 5,676
- Lot Size (acres)
- 0.13
- Parking Spaces
- 4
- Garage Spaces
- 4
View, Style & Tour Information
- View
- Ocean
Additional Information
- Zoning
- HBR2*
- Buyer's Brokerage Fee
- 2.500
* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.
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Neighborhood Information
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Listing/Price History
1002 -1006 Prospect Avenue, Hermosa Beach, (MLS® #23299573)
| Date | Details | Price | Change |
|---|---|---|---|
| Closed | $2,950,000 | – | |
| Active Under Contract (from Active) | – | – | |
| First Day Active | $2,950,000 | – |
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Listing Summary
Quick Summary of 1002 -1006 Prospect Avenue: This 8 Bedroom/6 Bathroom home in Hermosa Beach is priced at $2,950,000 ($892/PSF) . The 3,306 sqft. residence was originally built in 1955 and was listed on August 10th, 2023 at $2,950,000, showing 26 Days on Market currently. Contact Dave Fratello today for more information or to go see 1002 -1006 Prospect Avenue.
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Based on information from California Regional Multiple Listing Service, Inc. as of May 2nd, 2024 at 2:17pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
