1402 Prospect Avenue
Hermosa Beach, CA, 90254
$1,750,000
MLS: 26838145
Beds
3
Baths
2
Sq Ft
1,197
Lot
0.09 ac
Year Built
1953
MLS #
26838145
Days on Market
13
Listed
May 28, 2026
Description
An great opportunity to live in the sought-after Hermosa Hills. This authentic Hermosa Beach cottage offers charm and an exceptional upside in one of the South Bay's most desirable neighborhoods. Lovingly cherished by the same family for decades, this 3-bedroom, 1.5-bath home sits on a larger 4,090 sq ft corner lot and presents a rare opportunity to reimagine, renovate, and create long-term value. Upon entering the home, you'll find abundant natural light, hardwood floors, large picture windows, and peek-a-boo ocean views creating a warm and inviting atmosphere throughout. The sunlit living room with fireplace flows easily into the dining area and a eat-in kitchen, while the home's original character and thoughtful layout provide an ideal foundation for future revamping. The generous backyard is designed for low maintenance outdoor living with hardscape, and multiple spaces for entertaining, dining, and relaxing. An attached two-car garage plus parking for two additional vehicles adds rare convenience for beach-area living. Ideally located near highly rated Hermosa Beach and Redondo Beach schools, the property is just moments from the beach, Pacific Coast Highway, and the restaurants, cafes, and boutiques of downtown Hermosa Beach. Whether restoring its classic charm, thoughtfully updating over time, or fully reimagining the property, this home presents a unique opportunity to own a well-loved coastal home with enduring potential in a premier Hermosa Beach location.
Location
Hermosa Beach, Los Angeles County, CA 90254
Open on Google Maps ↗Listed by: Lissa Lebel · Sotheby's International Realty
Payment estimate
$12,755
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $175,000 · Loan: $1,575,000
Average 30-yr fixed rate 6.52% as of Jun 11, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $9,976
- Property tax (1.25%)
- $1,823
- Homeowners insurance
- $300
- Mortgage insurance
- $656
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Jun 11, 2026
- 30-year fixed
- 6.52%
- 15-year fixed
- 5.84%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Hermosa Beach home with as little as 3.5% down using an FHA loan — roughly $61,250 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
★#1 Producing Individual Realtor — Antelope Valley
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