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1035 Loma Drive

Hermosa Beach, CA 90254
  • $1,895,000
  • STATUS: Active
  • ON SITE: 42 Days
  • ID#: SB24222436
Price Reduced
UPDATED: 76 min ago
$1,895,000
  • 2
    BEDS
  • 0.06
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,432
    SQFT
  • $1,323
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1953
County:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing Agent(s): J. Gregory Maffei of Vista Sotheby’s International Realty (310-546-7611)


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, youll have easy access to a variety of restaurants, shops, and biking along The Strand. Opportunities like this dont come along often, so dont miss out on this incredible chance to own a prime property this close to the beach!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-14T13:27:20.583. 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 deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
www.gogabby.com/homes/157423870
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1035 Loma Drive Hermosa Beach, CA 90254

  • Price: $1,895,000
  • Status: Active
  • On Site: 42 Days
  • Updated: 76 min ago
  • ID#: SB24222436
2
Beds
2
Baths
0
½ Baths
0.06
Acres
1,432
SQFT
$1,323
$/SQFT
1953
Built
Neighborhood:
148 - Hermosa Bch Sand
County:
Los Angeles
Area:
148 - Hermosa Bch Sand
Elementary School:
Hermosa View
Middle School:
Hermosa Valley
High School:
Mira Costa
School District:
Hermosa
Property 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, youll have easy access to a variety of restaurants, shops, and biking along The Strand. Opportunities like this dont come along often, so dont miss out on this incredible chance to own a prime property this close to the beach!
Exterior Features

Attached Garage YN Yes Carport YN Yes Entry Level 1 Entry Location Street Lot Features No Landscaping Parking Features CarportDoor-MultiDoor-SingleDrivewayGarage Faces FrontGarageGarage Faces Rear Parking Total 2 Pool Features None Pool Private YN No Property Attached YN No Sign On Property YN Yes View None View YN No

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Main Level Bathrooms 1 Main Level Bedrooms 1

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingCurbs Contingency Showings with 24-hour notice. Call or text listing agent Greg Maffei with any questions: 310-800-0388. Buyer to verify all aspects/options for this property with the city and inspectors. Current Financing None Garage YN Yes Land Lease YN No Laundry Features Electric Dryer Hookup Lease Considered YN No Levels Two Listing Agreement Exclusive Right To Sell Listing Service Limited Service Listing Terms Cash to New Loan New Construction YN No Property Sub Type Duplex Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type Duplex Water Source Public Zoning HBR3YY



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-14T13:27:20.583. 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 deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
 
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Go Gabby | RE/MAX Estate Properties
1901 S Catalina Ave.
Redondo Beach CA, 90277
Listing Agent(s): J. Gregory Maffei of Vista Sotheby’s International Realty (310-546-7611)