1538 Loma Drive

Hermosa Beach, CA 90254

$2,495,000

Closed

  • 2,856Sq. Ft.
  • 3,995Lot Size (Sq.Ft.)

Rare opportunity to own a four-unit apartment building in prime Hermosa Beach. The property has had 3 of the 4 units renovated with new kitchens and flooring. The property boasts a strong unit mix of four 2bed/1bath apartments combined with an outstanding location in one of the best rental markets in the South Bay. The property is located less than a mile from the Hermosa Beach Pier and all of the popular retail, restaurant, and night life options on Pier Avenue. Hermosa Beach has always been a highly sought-after location with consistently low vacancy rates and a strong tenant base. The property also offers two single-car garages and a double-car garage. Don't miss this great opportunity.

Key Details

  • Type: Residential Income
  • Year Built: 1964
  • Close Date: September 11th, 2019
  • Status: Closed
  • Closed Price: $2,495,000
  • PPSF: $874
  • Orig. list price: $2,495,000
  • Date Listed: August 28th, 2019
  • MLS® #: SB19205275
  • APN: 4183017031
  • Special:

Additional Info

  • Stories: Two
  • Parking Spaces: 6
  • Garage Spaces: 4

Co-Agent

  • Agent: David Barrette
  • Office: Barrette Real Estate Investments, Inc.

Community Information

  • Area: Hermosa Beach Sand (148)
  • City/State: Hermosa Beach, CA
  • Zip Code: 90254
  • County: Los Angeles

Exterior

  • Lot Description: 2-5 Units/Acre
  • Lot Size (sq. ft.): 3,995
  • Lot Size (acres): 0.09

Interior

  • Square Footage: 2,856
  • Appliances: None

* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” it, or sellers may change agents when a property has failed to sell.

Price History for 1538 Loma Drive, Hermosa Beach, CA (MLS® #SB19205275)

Date Details Price Change
Closed $2,495,000
Pending
Active Under Contract (from Active)
Property Listed $2,495,000

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Based on information from California Regional Multiple Listing Service, Inc. as of November 20th, 2019 at 4:02am PST. 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.