1035 Loma Drive, Hermosa Beach, CA 90254
Price reduced for the Holidays. 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!
Bedrooms
2
Bathrooms
2
Square Feet
1,432
Lot Size
2,786 sqft
Year Built
1953
Property Type
Duplex
Days on Market
44
HOA Fee
N/A
Garage Total
2
MLS #
SB24222436
Laundry
Electric Dryer Hookup
Main Level Master
Yes
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Based on price, location, and features
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