1035 Loma Drive

Hermosa Beach, CA 90254

$1,999,999
Price
2
Beds
2
Baths
1,432 Sq. Ft.
$1,397 / Sq. Ft.
1,432
Sq. Ft.
$1,397
per Sq. Ft.

Description

Charming Street to Street 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. Just a short walk to downtown...Charming Street to Street 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. 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!
  1. Listed by J. Gregory Maffei • DRE #01091979 • Brokerage DRE #01922362 • Vista Sotheby’s International Realty • 310-800-0388

Property Details for 1035 Loma Drive

View
None
Parking Spaces Total
6
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Lot Size Dimensions
30x93
LISTING UPDATED: 11/06/2024 06:51 AM

Property Details for 1035 Loma Drive

StatusActive
MLS #SB24222439
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential Income
Year Built1953
Lot Size0.06 AC / 2,786 SF
CountyLos Angeles County

Virtual Tour

Building Information for 1035 Loma Drive

Stories2Residences-Year Built1953Building Size-Lot Size0.06 AC / 2,786 SF

Property Information for 1035 Loma Drive

Income / Expense / Tax Details
Income Details
  • Gross Income: $54,000
  • Gross Scheduled Income: $54,000
  • Net Operating Income: $51,700
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Current Financing: None
  • 433a Certified: No
Expense Details
  • Operating Expense: $2,300
  • New Taxes Expense: $21,000
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,000
  • Trash Expense: $300
  • Water Sewer Expense: $0
  • Total Expenses: $2,300
Tax / Assessment Info
  • Tax Tract Number: 1516
  • Tax Census Tract: 6211.04
  • CFD/Mello-Roos Fee: $514
  • Tax Lot: 28
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Biking, Curbs
Property / Structure Info
Interior Features
  • Room Type: Family Room, Kitchen
  • Main Level Bathrooms: 1
Exterior Features
  • Entry Location: Street
  • Structure Type: Duplex
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Greenbelt
  • Lease Considered: No
  • Number Of Units: 2
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking: Yes
  • Parking Garage: Converted Garage, Driveway, Garage - 2 Car
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Non-Garage: Carport, Driveway - Combination
  • Parking Garage Spaces: 2
  • Parking Garage: Garage, Garage - Single Door, Garage - Three Door
  • Carport Spaces: 2
  • Attached Garage: Yes
  • Parking Features: Converted Garage, Driveway, Driveway Level, Garage Faces Rear, Garage - Two Door
Property / Structure Info
  • Residential Styles: Townhome
  • Residential Unit Location: No Common Walls
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,750
  • Unit Type Total Rent: $2,750
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,750
  • Unit Type Total Rent: $1,750
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 1035 Loma Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1035 Loma Drive

Taxable ValueLand$104,049Additions$40,801Total$144,850
Tax Record2024$2,051 ($171 / month)
Home Facts
Total Finished SqFt1,032 SqFtAbove Grade Finished SqFt1,032 SqFtLot Size2,786 SqFtStyleDuplexYear Built1953ZoningHBR3YYCountyLOS ANGELESAPN4187-012-013

Schools near 1035 Loma Drive

This home is within Hermosa Beach City Elementary School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - K to 2
Private - 6 to 12
Private - PK to 8
Rating
School
Distance
Hermosa Valley Elementary School
Public5 to 8

Hermosa View Elementary School
PublicK to 2

Fusion Academy Sb: South Bay
Private6 to 12

Our Lady Of Guadalupe Elementary School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1035 Loma Drive is a townhouse for sale in Hermosa Beach, CA 90254. This property was listed for sale on October 31, 2024 by Vista Sotheby’s International Realty, it's currently listed at $1,999,999. This listing's school district is Hermosa Beach City Elementary School District. Nearby schools include Hermosa Valley Elementary School, Hermosa View Elementary School and Fusion Academy Sb: South Bay. 1035 Loma Drive is a 2-bed, 2-bath, 1,432 sqft townhouse built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Vista Sotheby’s International Realty, J. Gregory Maffei, DRE #01091979

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.