Pending
1035 Loma Drive
Hermosa Beach CA, 90254
$1,895,000
$1,323.32 per sqft
Pending
2 Beds
2 Baths
1,432 sqft
Multi-family
Built in 1953
Listed by J. Gregory Maffei with Vista Sotheby’s International Realty 310-800-0388
Price reduced for the Holidays. Charming, full lot duplex just a few blocks from the stunning Pacific Ocean! This property offers great potential for redevelopment or can be kept as a solid income-generating investment. The current building features two, one-bedroom rental units with strong rental income. However, the real gem here is the lot and its prime location. You could build a spacious single-family home or two, three-story townhouses, all with the possibility of ocean and park views. If you choose to keep this as an investment property, existing rents are $4500/month. Proforma would be closer to $5000/month. This property is just a short walk to downtown Hermosa Beach's iconic pier, you'll have easy access to a variety of restaurants, shops, and biking along The Strand. Opportunities like this don't come along often, so don't miss out on this incredible chance to own a prime property this close to the beach!
SB24222436
MLSⓇ ID
November 1, 2024
Listed
December 19, 2024
Updated
Map
1035 Loma Drive
Hermosa Beach CA, 90254
Interior Features
Total Stories
2
Bedrooms
2
Total Bathrooms
2
Full Bathrooms
2
Laundry Description
Electric Dryer Hookup
Fireplace
No
Fireplace Description
None
Cooling
No
Cooling Description
None
Heating
No
Exterior/Building Features
Lot Size
0.06 Acres
Lot Features
No Landscaping
Sewer
Public Sewer
School Information
School District
Hermosa
High School
Mira Costa
Elementary School
Hermosa View
Other Property Details
Area Name
148 - Hermosa Bch Sand
Days on Market
44
Garage
Yes
Garage Spaces
2
Parking
Carport, Door-Multi, Door-Single, Driveway, Garage Faces Front, Garage, Garage Faces Rear
Parking Total
2
View
No
View Description
None
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
HBR3YY
Listing History
Date | Event | Price |
|---|---|---|
12/16/2024 | Pending | — |
12/11/2024 | Price change | $1,895,000 -6% |
Listing Contact: 310-546-7611
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/19/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/19/2024 at 6:42 AM UTC