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Multifamily

Loma Apartments

1538 Loma Dr, Hermosa Beach, CA 90254

Listing Price: $3,100,000

Cap Rate
3.62%
Number of Units
4
Occupancy
97.0%
Price/Unit
$775,000
Price/Gross SF
$968.75
Gross SF
3,200

Investment Overview

Complete unit renovations were done in Unit 3 and Unit 1. They both received ALL NEW everything including: updated electrical wiring, added recessed lighting in the living room and kitchen, pendant lighting was installed over the bar countertop between the kitchen and living room, ceiling fans, new vinyl flooring, fully tiled shower to ceiling with all glass shower doors, all new cabinets, new quartz countertops, and new stainless steel appliances (dishwasher, over the range microwave, range, refrigerator, and garbage disposal).

Investment Highlights

  • Replaced Main Sewer Line All The Way To The Street
  • Painted The Building
  • Installed Awnings
  • Full Termite Treatment Last Year
  • Complete Unit Renovations for Unit Three And Unit One
  • Ocean Views

Exclusively Listed By

Listing Price: $3,100,000

Cap Rate
3.62%
Number of Units
4
Occupancy
97.0%
Price/Unit
$775,000
Price/Gross SF
$968.75
Gross SF
3,200

Investment Highlights

  • Replaced Main Sewer Line All The Way To The Street
  • Painted The Building
  • Installed Awnings
  • Full Termite Treatment Last Year
  • Complete Unit Renovations for Unit Three And Unit One
  • Ocean Views

Investment Overview

Complete unit renovations were done in Unit 3 and Unit 1. They both received ALL NEW everything including: updated electrical wiring, added recessed lighting in the living room and kitchen, pendant lighting was installed over the bar countertop between the kitchen and living room, ceiling fans, new vinyl flooring, fully tiled shower to ceiling with all glass shower doors, all new cabinets, new quartz countertops, and new stainless steel appliances (dishwasher, over the range microwave, range, refrigerator, and garbage disposal).

Exclusively Listed By

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