Seller's Agent in 2023
Gianluca Jacoli
Shield CRE, Inc.
(510) 708-2662
5 in this area
47 Total Sales
1002 -1006 Prospect Ave Hermosa Beach, CA 90254
Estimated Value: $2,868,000 - $3,336,343
8
Beds
6
Baths
3,306
Sq Ft
$949/Sq Ft
Est. Value
Highlights
- Ocean View
- 4 Car Garage
- 5-minute walk to Fort Lots of Fun Park
- Hermosa View Elementary School Rated A
About This Home
As of December 2023This 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.
Last Agent to Sell the Property
Shield CRE, Inc. License #01938297 Listed on: 08/10/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,081
Year Built
- Built in 1955
Lot Details
- 5,676 Sq Ft Lot
Parking
- 4 Car Garage
Interior Spaces
- 3,306 Sq Ft Home
- 2-Story Property
- Ocean Views
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Listing and Financial Details
- Assessor Parcel Number 4161-027-006
Community Details
Overview
- 2 Buildings
- 6 Units
Building Details
- Vacancy Allowance $2,437
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 23, 2023
Sold by
Vera M Podczerviensky Revocable Trust
Bought by
Prospector 2 Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,770,000
Interest Rate
7.44%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Dec 20, 2002
Sold by
Podczerviensky Vera M
Bought by
Podczerviensky Vera M
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Prospector 2 Llc | $2,950,000 | Old Republic Title Company | |
| Podczerviensky Vera M | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Prospector 2 Llc | $1,770,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/29/2023 12/29/23 | Sold | $2,950,000 | 0.0% | $892 / Sq Ft |
| 09/05/2023 09/05/23 | Pending | -- | -- | -- |
| 08/10/2023 08/10/23 | For Sale | $2,950,000 | -- | $892 / Sq Ft |
Source: The MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $18,081 | $1,586,100 | $1,535,100 | $51,000 |
| 2024 | $18,081 | $1,555,000 | $1,505,000 | $50,000 |
| 2023 | $1,815 | $100,085 | $63,122 | $36,963 |
| 2022 | $1,784 | $98,124 | $61,885 | $36,239 |
| 2021 | $1,865 | $96,201 | $60,672 | $35,529 |
| 2019 | $1,827 | $93,589 | $58,873 | $34,716 |
| 2018 | $1,733 | $91,759 | $57,719 | $34,040 |
| 2016 | $1,646 | $87,968 | $55,479 | $32,489 |
| 2015 | $1,621 | $86,647 | $54,646 | $32,001 |
| 2014 | $1,416 | $84,951 | $53,576 | $31,375 |
Source: Public Records
Agents Affiliated with this Home
-
Gianluca Jacoli
Map
Source: The MLS
MLS Number: 23-299573
APN: 4161-027-006
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
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