Listed by J.Woody Stahl, Lyon Stahl Investment Real Estate, Inc.,

850 Loma Drive

Hermosa Beach, CA, 90254

$3,750,000

$982 per ft²
$3,750,000
$982 per ft²
Active
Active
 - For Sale
carpenters-square
3,816 ft²
property_type
Multi-family
calendar
Built 1971
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 and the possibility for an ADU (Buyer to Verify), as well as a 2-Car Garage, (4) Carport Spaces, a shared laundry room & a rooftop deck with 360 Degree Views of Hermosa Beach and sweeping ocean views from Palos Verdes to Malibu. The building offers strong rental income in a high demand area with a current cap of 3.07% and a market cap of 4.21%. 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.
MLS® ID:
SB22184820
Listed:
8/22/22
Updated:
9/29/22

Interior Features

Kitchen Appliances
Dryer, Washer
Total Bedrooms
0
Total Bathrooms
0

Exterior/Building Features

Lot Size
3,170 ft² lot
Lot Details
2-5 Units/Acre
Sewer
Public Sewer

Other Property Details

Area Name
148 - Hermosa Bch Sand
HOA Amenities
Biking
Garage
Yes
Garage Spaces
2
Parking
Y
Parking Total
8.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
HBR3*

Property History

Date
Event
Price
Value
9/14/22
Price Change
$3,750,000
-2%

 

Listed by J.Woody Stahl, Lyon Stahl Investment Real Estate, Inc.,

Based on information from California Regional Multiple Listing Service, Inc. as of 9/29/22. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 8:13 PM UTC, 9/29/22

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