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.
- Parking:
- 6.00
- New Construction YN:
- 0
- Laundry:
- Washer Hookup, Laundry Chute
- Sewer:
- Conventional Septic
- Common Walls:
- No Common Walls
- Senior Community:
- 0
- List Agent Agent ID:
- PWSTAWOO
- Water Source:
- Public
- Lot Features:
- 2-5 Units/acre
- Community Features:
- Biking
- Street:
- Loma
- Street Number:
- 850
- Street Suffix:
- Drive
- Zip4:
- 4241
- Floor Number:
- 0
- Longitude:
- W119° 36' 13''
- Latitude:
- N33° 51' 37.7''
- Listing Courtesy of:
- Lyon Stahl Investment Real Estate, Inc.
- TaxAnnualAmount:
- $0
- Garage Spaces:
- 2
- Zoning:
- HBR3*
- Lot Size Square Feet:
- 3,170 Sqft
- List Agent Last Name:
- Stahl
- List Agent License Number:
- 01399621
- Special Listing Conditions:
- Standard
- List Office ID:
- sb1310620
- List Agent First Name:
- J.Woody
- Directions:
- 6 Parcels North of 8th St and Loma Dr
- MLSAreaMajor:
- 148 - Hermosa Bch Sand
- Parcel Number:
- 4187014002
- List Agent License Number:
- 01972083
- TaxAnnualAmount:
- $0
- TaxYear:
- 0
Residential Income Sold
850 Loma Drive, Hermosa Beach, California 90254
- Property Type :
- Residential Income
- Listing Type :
- Sold
- Listing ID :
- SB22184820
- List Price :
- $3,275,000
- Year Built :
- 1971
- Lot Area :
- 0.07 Sqft
- Country:
- US
- State:
- CA
- County:
- Los Angeles
- City:
- Hermosa Beach
- Zipcode:
- 90254
- Close Price :
- $3,052,500
- Status :
- Closed
- Property Type :
- Single Family Residence
- Price Per Square Foot :
- $800
- Days on Market :
- 76
