SOLD 12/29/2023
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Commercial sold for $2,950,000 in 142 days
1002 Prospect Ave Hermosa Beach, CA, 90254
Off the market Other
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
3,306 sqft interior area
View
Ocean
Land area
5,676 sqft (0.13 acres)
Address
1002 Prospect Ave, Hermosa Beach, CA, 90254
City of California
Hermosa Beach
County
Los Angeles
Year Built
1955
District
Listing
Nearby major retailers
Costco
Walmart Neighborhood Market
Toyota
T-Mobile
Trader Joe's
Whole Foods Market
Wholesale: 2
Supermarket: 10
Car: 1
Mobile phone: 5
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Interior Features
—
Garage & Parking
Other
Listed by
Gianluca Jacoli, Shield CRE, Inc.
Name
Gianluca Jacoli
License number
01938297
Brokerage company
Shield CRE, Inc.
MLS #
CL23299573
Buyer agent
Name
Gianluca Jacoli
Brokerage company
Shield CRE, Inc.
Payment calculator
Calculate your monthly payments
Mortgage
$9,058
Taxes
$0
HOA dues
$0
Mortgage
$590,000 / 20%
2.28%
30 years
Your amount
$9,058 / month
Lot details
TMK #4161027006
Parcel nr.
4161027006
90254 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 90254
44%
Families with children
National average: 39%
38%
Non family households
380,302
Population
$134,279
Average Income
Age & gender
Median age 41 years
More info
Commute types
84% commute by car
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Education level
35% have bachelor education
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Number of employees
2% work in management
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Vehicles available
45% have 2 vehicle
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Vehicles by gender
45% have 2 vehicle
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Housing market insights for
$1.97m
Neighborhood average
sales price*
sales price*
$1.57m
Neighborhood median
sales price*
sales price*
558
Number
of sales*
of sales*
Housing type
51% are single detacheds
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Rooms
38% of the houses have 4 or 5 rooms
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Bedrooms
61% have 2 or 3 bedrooms
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Owners vs Renters
54% are owners
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18.33 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Dec 29, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Dec 29, 2023 | Sold | $2,950,000 | 0 | Public Record |
| Sep 5, 2023 | Under contract | $2,950,000 | 0 | MLS #CL23299573 |
| Aug 10, 2023 | New Listing | $2,950,000 | 0 | MLS #CL23299573 |
Taxes of 1002 Prospect Ave, Hermosa Beach, CA, 90254
HBR2 zoning / MLS #CL23299573
Zoning
HBR2
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Frequently Asked Questions about 1002 Prospect Ave
What is 1002 Prospect Ave?
1002 Prospect Ave is a Commercial/Industrial propertywith 3,306 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1002 Prospect Ave, Hermosa Beach, CA, 90254.
What comparable properties are nearby?
Comparable nearby commercial properties include 908 Manhattan Ave, 47 21st Ct, 1501 Aviation Blvd, 512 N Pacific Coast Hwy, 2306 Vanderbilt Ln, 2300 Artesia Blvd.
Based on information from the bridgeMLS as of 05-12-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Dec 30, 2023
Verhouse Last checked 2 minutes ago
The closest grocery stores are Trader Joe's, 0.25 miles away and Vons 2110, 0.44 miles away.
The 90254 zip area has a population of 380,302, and 44% of the families have children. The median age is 41.17 years and 84% commute by car. The most popular housing type is "single detached" and 54% is owner.
