1035 Loma Drive

Hermosa Beach, CA 90254

$1,999,000

List Price

2

bed Beds

2

shower Baths

1,432 sqft

straighten / sqft

1953

calendar_month Built

Property 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

List Price $1,999,000
Status Active
MLS SB24222436
HOA $0
Type Residential
Subtype Duplex
Year Built 1953
Lot Size 2,786
Structure Size 1,432
DOM 20
Courtesy Of Vista Sotheby’s International Realty
Listing Agent J. Gregory Maffei DRE#01091979

Interior Features

Laundry Information
Location(s) Electric Dryer Hookup
Total Bedroom
Bedrooms 2
Total Bathroom
Bathrooms 2
Fireplace Information
Features None
Cooling Type
Cooling Type None

Exterior Information

Maps

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 Nov 21st, 2024 at 6:00 PM 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.