Hermosa Beach, CA 90254,850 Loma DR
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Hermosa Beach, CA 90254,850 Loma DR
Hermosa Beach, CA 90254,850 Loma DR
Hermosa Beach, CA 90254,850 Loma DR
Hermosa Beach, CA 90254,850 Loma DR

$3,052,500

Est. payment /mo

$3,275,000

6.8%
Est.Price: ?

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850 Loma DR Hermosa Beach, CA 90254

3,171 Sqft Lot

SOLD DATE : 11/30/2022

Key Details

Sold Price $3,052,500

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB22184820

Sold Date 11/30/22

HOA Y/N No

Year Built 1971

Lot Size 3,171 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 148 - Hermosa Bch Sand

Zoning HBR3*

Interior

Fireplace No

Appliance Dryer, Washer

Exterior

Garage Spaces 2.0

Carport Spaces 4

Garage Description 2.0

Pool None

Community Features Biking

Total Parking Spaces 8

Private Pool No

Building

Lot Description 2-5 Units/Acre

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4187014002

Acceptable Financing Conventional

Listing Terms Conventional

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by J.Woody Stahl • Lyon Stahl Investment Real Estate, Inc.
Bought with J.Woody Stahl • Lyon Stahl Investment Real Estate, Inc.

Samuel Park

Broker | License ID: 02071979

+1(909) 310-5105

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