1035 Loma DR, Hermosa Beach, CA 90254 – SB24222436 - Paul Young

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Paul Young

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$ 1,895,000

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Pending

1035 Loma DR Hermosa Beach, CA 90254

2 Beds

2 Baths

1,432 SqFt

UPDATED:

12/19/2024 05:53 AM

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 1,432 sqft

Price per Sqft $1,323

MLS Listing ID SB24222436

Bedrooms 2

Full Baths 2

HOA Y/N No

Year Built 1953

Lot Size 2,787 Sqft

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, 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

Area 148 - Hermosa Bch Sand

Zoning HBR3YY

Rooms

Main Level Bedrooms 1

Interior

Cooling None

Fireplaces Type None

Fireplace No

Laundry Electric Dryer Hookup

Exterior

Parking Features Carport, Door-Multi, Door-Single, Driveway, Garage Faces Front, Garage, Garage Faces Rear

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Biking, Curbs

View Y/N No

View None

Attached Garage Yes

Total Parking Spaces 2

Private Pool No

Building

Lot Description No Landscaping

Dwelling Type Duplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

Elementary Schools Hermosa View

Middle Schools Hermosa Valley

High Schools Mira Costa

School District Hermosa

Others

Senior Community No

Tax ID 4187012013

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

Listed by J. Gregory Maffei • Vista Sotheby’s International Realty • 310-800-0388

Paul Young

Agent | H01433615

+1(949) 388-6888

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Paul Young

1035 Loma DR Hermosa Beach, CA 90254

Key Details

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Interior

Exterior

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Schools

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1035 Loma DR