About 1035 Loma Drive
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!
Features of 1035 Loma Drive
| MLS® # | SB24222436 |
|---|---|
| Price | $1,895,000 |
| Bedrooms | 2 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,432 |
| Acres | 0.06 |
| Year Built | 1953 |
| Type | Residential |
| Sub-Type | Townhome |
| Status | Closed |
Community Information
| Address | 1035 Loma Drive |
|---|---|
| Area | HERMOSA BEACH (90254) |
| City | Hermosa Beach |
| County | Los Angeles |
| State | CA |
| Zip Code | 90254 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Parking | Garage,Garage - Single Door,Garage - Three Door |
| # of Garages | 2 |
| View | N/K |
| Is Waterfront | No |
| Has Pool | No |
| Pool | N/K |
Interior
| Cooling | N/K |
|---|---|
| Fireplace | No |
| Fireplaces | N/K |
| # of Stories | 2 |
| Stories | 2 Story |
Exterior
| Lot Description | Curbs |
|---|
Additional Information
| Date Listed | October 31st, 2024 |
|---|---|
| Days on Market | 45 |
| Zoning | HBR3YY |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Vista Sotheby’s International Realty |
|---|