1251 Prospect Avenue
Hermosa Beach, California CA 90254-4368
Price: $2,499,999
Est. Monthly Payment: $10,736.43 See Details
Listing ID SB17089224 Status Active 3,180 Square Feet 0.100 Acres

Property Description:

HUGE PRICE REDUCTION!!! Price just reduced $300,000. Bring all reasonable offers ASAP. The subject property is a 4 unit apartment building located at 1251 Prospect Avenue in Hermosa Beach. The property is ideally located off Aviation Boulevard allowing easy access to the 405 freeway yet a short bike ride to the beach. The Hermosa Beach Pier is a mere 6 blocks away! The unit mix consists of 1-3BR/2BA and 3-1BR/1BA. There have been many capital improvements including a replaced roof and copper plumbing. There is a small patio in the rear for the tenants to enjoy and 3 of the 4 units have hardwood floors. There is ample onsite parking (garages) which is a premium for the area. The property was originally built in 1959, them total building square footage is 3,180 and it sits on 4,721 square foot lot. 1251 Prospect Avenue represents the perfect opportunity for an owner/user or investor looking to acquire multi-family in a prime South Bay neighborhood.
{"zipcode": "90254", "price": "2499999"}
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Primary

Listing ID: SB17089224
Number Of Units Total: 4
Current Price: 2499999
Stories Total: 2
Lot Size Square Feet: 4721.00
Acres: 0.100
Zoning: HBC3*
Year Built: 1959
Price Per Unit: 624999
Price Per Square Foot: 786.16
Gross Scheduled Income: 104340
Rent Control YN: no

Financial

Gross Operating Income: 102253
Gross Income: 103340
Operating Expense: 34300.00
Total Expenses: 34300
Net Operating Income: 67953

Interior

Common Walls: 2+ Common Walls
Garage Spaces: 4.00
Levels: Two

External

Number Of Buildings: 1
Parking Total: 8.00
Pool Features: None
Pool Private YN: no
Uncovered Spaces: 4

Location

MLS Area Major: 150 - Hermosa Bch East
Postal Code: 90254
Latitude: 33.865320000000
Longitude: -118.388220000000

Additional

Association YN: no
Community Features: Suburban
Land Lease YN: no
Lot Size Source: Assessor
Number Of Separate Electric Meters: 4
Number Of Separate Gas Meters: 4
Number Of Separate Water Meters: 1
Year Built Source: Assessor
Water Source: Public
Vacancy Allowance: 2087
Tax Tract Number: 14
Tax Lot: 35
Senior Community YN: no
Parcel Number: 4185016006
Property Attached YN: yes

Zoning Info


Based on information from California Regional Multiple Listing Service, Inc. as of Sunday, July 23rd, 2017 and /or other sources. 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 courtesy of Re/Max Commercial & Investment.

Contact - Listing ID SB17089224

Allden Investments

701 Calle de Arboles
Redondo Beach, CA 90277
Phone: (310) 791-6316
Phone Alt: (310) 766-5742
Fax: (310) 861-0193

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