$ 1,999,000
1035 Loma Drive Hermosa Beach, CA 90254
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Listed by J. Gregory Maffei • Vista Sothebys International Realty
$ 1,999,000
Est. payment | /mo
2 Beds
2 Baths
1,432 SqFt
$ 1,999,000
Est. payment | /mo
2 Beds
2 Baths
1,432 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,432 sqft
Price per Sqft $1,395
MLS Listing ID SB-24222436
Bedrooms 2
Full Baths 2
Year Built 1953
Lot Size 2,786 Sqft
Property Description
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!
Location
State CA
County Los Angeles
Zoning HBR3YY
Interior
Cooling None
Fireplaces Type None
Laundry Electric Dryer Hookup
Exterior
Garage Carport
Garage Spaces 2.0
Pool None
Community Features Biking, Curbs
View Y/N No
View None
Building
Lot Description No Landscaping
Sewer Public Sewer
Schools
Elementary Schools Hermosa View
Middle Schools Hermosa Valley
High Schools Mira Costa
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Darren Humphrey
Partner | Lic# DRE 01724424