1035 Loma Drive
Hermosa Beach, CA 90254
Active for $1,999,000
Beds: 2 Baths: 2 Structure Size: 1,432 sqft Lot Size: 2,786 sqft
| MLS | SB24222436 |
| Year Built | 1953 |
| Property Type | Duplex |
| County | Los Angeles |
| Status | Active |
| Active | $1,999,000 |
| Structure Size | 1,432 sqft |
| Lot Size | 2,786 sqft |
| Beds | 2 |
| Baths | 2 |
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!
Listing information courtesy of: J. Gregory Maffei, Vista Sotheby’s International Realty 310-800-0388. *Based on information from the Association of REALTORS/Multiple Listing as of 11/22/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
Location
Contact a Local Realtor®
Sharnjit Arora
REALTOR®
Direct: 818.263.9464
Email: Email Me
DRE: 02181100
DRE #01873088
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