Condominio for Køb i Playa Hermosa, California

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.