Sold

850 Loma Drive

Hermosa Beach CA, 90254

$3,052,500


$799.92 per sqft

Sold

3,816 sqft

Residential

Built in 1971

Listed by J.Woody Stahl with Lyon Stahl Investment Real Estate, Inc. 310-425-9838

New Price! $570K Cumulative Adjustment | 850 Loma Drive is a well-positioned 4-Unit building located on a quiet street in Hermosa Beach less than a half mile from the pier. Built in 1971, the 3,816 SF building features (2) 2-bed/2-bath units, and (2) 1-bed/1-bath units. The property also includes an additional office/storage room (w/ full bathroom and kitchenette) offering the immediate opportunity to legalize as an ADU and maximize income (Buyer to Verify). Other amenities include a 2-Car Garage, (4) Carport Spaces, a shared laundry room & a rooftop deck with sweeping ocean views from Palos Verdes to Malibu. The building offers strong rental income in a high demand area with a current cap of 4.41% and a market cap of 5.12%.
Given the ideal location in a high-growth city and consistent income this building provides, this is a great opportunity to own a quality asset for any Beach Cities CRE investor.

SB22184820

MLS ID

August 23, 2022

Listed

March 23, 2024

Updated

Map

850 Loma Drive
Hermosa Beach CA, 90254

Interior Features

Appliances

Dryer, Washer


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.07 Acres


Lot Features

2-5 Units/Acre


Sewer

Public Sewer

Other Property Details

Area Name

148 - Hermosa Bch Sand


Days on Market

76


Garage

Yes


Garage Spaces

2


Parking Total

8


View

No


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

HBR3*


Buyer Agency Compensation

2.5%

Listing Contact: 310-425-9838 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/23/2024 at 1:28 AM UTC

 

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