850 Loma Dr, Hermosa Beach, CA 90254

850 Loma Dr, Hermosa Beach, CA 90254

Hermosa Beach, CA
$3,750,000

Property Description

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.

Property Features

  • Sale Price: $3,750,000
  • Area Size: 3,816 Sq. Ft.
  • Year Built: 1971
  • Listing Date: 8/23/2022
  • Units: 4
  • Current GRM: 21.67
  • Current Cap Rate: 3.07%
  • Price Per Unit: $962,500
  • Market GRM: 17.78
  • Market Cap Rate: 4.21%
  • Current NOI: $118,057

Lyon Stahl Investment Real Estate

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