1035 Loma Drive
Hermosa Beach, CA 90254
1432 sqft | 2 beds | 2 baths | 0.06 acres | #SB24222436
Description
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!
Property Details
- Middle SchoolHermosa Valley
- Lot DescriptionNoLandscaping
- Elementary SchoolHermosa View
- Sewer InformationPublicSewer
- CountyLos Angeles
- High SchoolMira Costa
- Original List Price$1,999,000
- MLS #SB24222436
- MLS #SB24222436
- Property TypePurchase
- School DistrictHermosa
- Cost1895000
- Utility SourcePublic
- Property SubtypeDuplex
- Structure TypeDuplex
- Acres0.064
- Square Feet1432
- Year Built1953
- Bedrooms2
- Bathrooms2
- Full Baths2
- Stories2
- Parking Spaces2
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: J. Gregory Maffei (#SMAFFJOH)
Listing Office: Vista Sotheby’s International Realty (#s5267)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
