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850 Loma Drive

Hermosa Beach, CA 90254
  • $3,645,000
  • STATUS: Active
  • ON SITE: 43 Days
  • ID#: SB22185388
Price Reduced
$3,645,000
  • 4
    BEDS
  • 0.07
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 3,816
    SQFT
  • $955
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1971
County:

School Ratings & Info

School District:
Listing Agent(s): J.Woody Stahl of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Brett Lyon of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)


Description

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 3.86% and a market cap of 4.49%. 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-10-06T00:28:38.157. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
www.twissrealty.com/homes/132406243
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850 Loma Drive Hermosa Beach, CA 90254

  • Price: $3,645,000
  • Status: Active
  • On Site: 43 Days
  • ID#: SB22185388
4
Beds
6
Baths
0
½ Baths
0.07
Acres
3,816
SQFT
$955
$/SQFT
1971
Built
Neighborhood:
148 - Hermosa Bch Sand
County:
Los Angeles
Area:
148 - Hermosa Bch Sand
School District:
Hermosa
Property Description
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 3.86% and a market cap of 4.49%. 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.
Exterior Features

Attached Garage YN Yes Lot Features 2-5 Units/Acre Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes View Ocean View YN Yes

Interior Features

Appliances DryerWasher Common Walls 1 Common Wall Cooling Central Air Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Main Level Bathrooms 6 Main Level Bedrooms 6

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Biking Contingency 1. Questions: All Specific Property Related information is Covered in The Marketing Package in The Supplemental Section On The Mls. ----- 2. Communication: Please Direct Any Additional Questions Not Covered in The Marketing Package To Our Team At Broker@Lyonstahl.Com. ----- 3. Showings: There Will Be No Showings Or Open Houses. Please Submit Offers Subject To interior inspection. ----- 4. Offers: Please Submit Offers To Broker@Lyonstahl.Com. Please include Proof Of Funds And Pre-Approval (If App Garage YN Yes Land Lease YN No Lease Considered YN No Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional New Construction YN No Property Sub Type Quadruplex Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type Quadruplex Water Source Public Zoning Hbr3*



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-10-06T00:28:38.157. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
 
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Twiss Realty
5071-A Cole Road
Mariposa CA, 95338
Listing Agent(s): J.Woody Stahl of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Brett Lyon of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)