1640 Loma Dr - Apartments FOR SALE


Hermosa Beach, CA 90254
$3,095,000 USD
310-908-5092
1640 Loma Dr, Hermosa Beach, CA for Sale
$3,095,000 USD
Apartments - FOR SALE
1/6
null | 4.83% Cap Rate

1640 Loma Dr
Hermosa Beach, CA 90254


HIGHLIGHTS

  • FULLY VACANT 4-unit property in Hermosa Beach north of the pier!
  • Fantastic unit mix: a studio, 1-bed, 2-bed, and a 3-bed unit!
  • This blank canvas is ideal for investors or owner-occupants ready to create their vision!
  • On-site laundry room, (4) garages + (6) uncovered spaces, a back patio with views of Hermosa Valley School, and separate meters for gas & electricity!
  • Recent upgrades include fresh paint, new garage doors, new facia boards, new rain gutters, new exterior lighting, new unit entry doors, and new façade
  • Highly desirable rental market just two blocks from the beach, award-winning schools, and the shops and restaurants of Downtown Hermosa!

OVERVIEW

Welcome to 1640 Loma Dr, a rare, FULLY VACANT 4-unit property in North Hermosa Beach. With original interiors, this blank canvas is ideal for investors or owner-occupants ready to create their vision with a fantastic unit mix: a 3-bed, 2-bed, 1-bed, and a studio unit. Each unit is filled with natural light, with select units offering city views and private balconies. The property also features an on-site laundry room, a back patio overlooking Hermosa Valley School, and 4 garages and 6 uncovered parking spots, ensuring parking is never a concern. Recent upgrades include fresh paint, new garage doors, new facia boards throughout, new rain gutters throughout, new exterior lighting throughout, new unit entry doors, and new façade elements. Located just a few blocks from the beach, award-winning schools, the pier, and the shops and restaurants of Downtown Hermosa Beach, this property offers exceptional potential for customization and long-term value in an oceanfront city with no local rent control. Reach out to schedule a tour today!

FOR SALE DETAILS

PRICE

$3,095,000 USD

PRICE/SF

$1,062 USD /SF

# OF UNITS

4

PRICE/UNIT

$773,750

CAP RATE

4.83%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

4183-016-003

ASK ABOUT THIS PROPERTY

Robert SillmanLyon Stahl Investment Real EstateMore Info
310-908-5092

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Robert SillmanLyon Stahl Investment Real EstateMore Info
310-908-5092

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.