1035 Loma Drive, Hermosa Beach, CA 90254

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Glen Henderson

[email protected] +1(619) 889-7646

$1,895,000

Est. payment - /mo

2 Beds

2 Baths

1,432 SqFt

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UPDATED:

12/17/2024 07:19 AM

Key Details

Property Type Townhouse

Sub Type Townhome

Listing Status Pending

Purchase Type For Sale

Square Footage 1,432 sqft

Price per Sqft $1,323

MLS Listing ID SB24222436

Style Townhome

Bedrooms 2

Full Baths 2

HOA Y/N No

Year Built 1953

Lot Size 2,786 Sqft

Acres 0.064

Type of Financing Cash To New Loan

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!
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!

Location

State CA

County Los Angeles

Area Hermosa Beach (90254)

Zoning HBR3YY

Exterior

Parking Features Garage, Garage - Single Door, Garage - Three Door

Garage Spaces 2.0

Total Parking Spaces 2

Building

Lot Description Curbs

Story 2

Lot Size Range 1-3999 SF

Sewer Public Sewer

Water Public

Level or Stories 2 Story

Others

Monthly Total Fees $42

Acceptable Financing Cash To New Loan

Listing Terms Cash To New Loan

Special Listing Condition Standard

CFD/Mello-Roos Fee $514

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Listed by J. Gregory Maffei • Vista Sothebyâ€™s International Realty

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

1035 Loma Drive Hermosa Beach, CA 90254

Glen Henderson

Key Details

Location

Exterior

Building

Others

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