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Property Type:Residential Income (Multi-Family)
On Site:80 Days
Lot Size:0.1 Acres
1122 Loma Dr welcomes the astute investor who is looking for an irreplaceable location, just a short stroll from the beach in the highly desirable Hermosa Beach Sand Section. This property benefits from being able to enjoy Downtown Hermosa, local shops and restaurants and parks and recreational areas all just a few blocks away. Currently three units with a 2-bedroom 1-bath detached front house and stacked duplex behind, sitting on a 4,238 sqft (40x106) R3 lot, this property has the ability to generate great long-term rental income or be developed into new construction town homes. 2 of 3 units will be delivered with month to month rental agreements in place. Owner occupy, buy now & build later, or hold for cash flow, opportunities like these are hard to find and do not last long!
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Price Change History
|Date||Old Price||New Price||Percent Change|
Address:1122 Loma Drive Hermosa Beach, CA 90254
Total Units: 3
Unit 1: 1 Unit•2 Beds•1 Bath•Unfurnished•$3,925 actual rent•$3,925 total rent•$4,200 pro forma
Unit 2: 1 Unit•2 Beds•2 Baths•Unfurnished•$3,150 actual rent•$3,150 total rent•$4,000 pro forma
Unit 3: 1 Unit•1 Bed•1 Bath•Unfurnished•$2,695 actual rent•$2,695 total rent•$2,900 pro forma
Garage Spaces: 1
Features / Amenities
Common Walls: 1 Common Wall
Parking Total: 1
Lot Size: 0.1 Acres / 4238 Sq. Ft.
Lot Features: Level with Street, Park Nearby
Lot Number: 10
Sewer: Public Sewer
Directions:West of Valley Dr, South of Pier Ave
Tax and Financial Info
Land Lease: No
Insurance Expense: 1059.00
Trash Expense: 400.00
Water / Sewer Expense: 600.00
Total Expenses: 42398.00
Gross Annual Income: 117540.00
WALKING AND TRANSPORTATION
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Listing provided courtesy of Austin Zahn, Lyon Stahl Investment Real Estate, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of October 30, 2020. 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. IDX provided by Sierra Interactive.