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Gary & Colleen Wolfson
(858) 792-6085
Direct Office:
(818) 597-4513
colleenwolfson@bhhscal.com

DRE# 01044223
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Gary & Colleen Wolfson
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(858) 792-6085
Direct Office:
(818) 597-4513
colleenwolfson@
bhhscal.com

DRE# 01044223
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(858) 792-6085
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SOLD
$2,950,000
Date 12/29/2023

1002 -1006 Prospect Avenue
Hermosa Beach, CA 90254

Other
Residence
8
Beds
6
Baths
3,306
Sqft
0.1303
Lot Size
Listing Agent: Gianluca Jacoli CalDRE: 01938297 - Shield CRE, Inc.
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.
23299573
Other, 2 Story
8
Los Angeles
6
1955
0.1303 Acres
2
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Listing Agent: Gianluca Jacoli CalDRE: 01938297 - Shield CRE, Inc.
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