New Price! $570K Cumulative Adjustment | 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 (w/ full bathroom and kitchenette) offering the immediate opportunity to legalize as an ADU and maximize income (Buyer to Verify). Other amenities include a 2-Car Garage, (4) Carport Spaces, a shared laundry room & a rooftop deck with sweeping ocean views from Palos Verdes to Malibu. The building offers strong rental income in a high demand area with a current cap of 4.41% and a market cap of 5.12%.
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.