1310 Loma Drive, Hermosa Beach, California 90254, Hermosa Beach, 90254 - 0 bed, 0 bath
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Hermosa Beach, California 90254
This Triplex Residential Income Asset represents a Strong Value Opportunity, listed at a List Price of $3,700,000—positioned well below the $4,009,882 Fair Market Value by 7%. This valuation gap provides $309,882 in Instant Equity. Featuring a Mint Condition Rating with comprehensive renovations, this turnkey property includes private decks and patios, six parking spaces, and proximity to top-rated schools like Hermosa View Elementary. It is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking stable, high-demand coastal income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1310 Loma Drive Subject | $3,700,000* List Price | 0 | 0 | 2,682 | $1,495 | - |
A 28 10th Ct (9th St Walkstreet) Active Under Contract | $4,500,000 List Price | 0 | 0 | 2,550 | $1,765 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1962, the property has undergone recent comprehensive renovations (likely within the last 1-3 years) including new kitchens with modern cabinetry and stainless appliances, updated bathrooms, new flooring, windows, and fixtures. It is in mint, turnkey condition with no maintenance required.
Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Situated less than a block from Pier Avenue and steps from the ocean, this property occupies an irreplaceable position in a high-demand, supply-constrained coastal market with excellent walkability.
All three units have undergone comprehensive recent renovations, including new kitchens, bathrooms, and windows, offering a maintenance-free ownership experience with immediate market-rate income.
With a list price of $3.7 million, the property represents a significant capital investment that may result in tighter cap rates for investors seeking high immediate yields.
Despite modern interior renovations, the original 1962 construction may eventually require attention to aging core infrastructure or systems not fully addressed in the cosmetic updates.
This is your opportunity to purchase a generational asset with stable income, recent comprehensive renovations, and an irreplaceable location less than a block from Hermosa's vibrant Pier Avenue and a few blocks from the ocean. All three units feature new kitchens, bathrooms, flooring, windows, appliances and fixtures, creating a true turnkey investment. Currently 100% occupied and leased at strong market rents, tenants enjoy the amenities including in-unit washer-dryers, six total parking spaces, private tenant storage lockers, and a spacious shared outdoor area with low-maintenance turf lawn. Situated in one of Southern California’s most supply-constrained coastal markets, the property benefits from a walkable lifestyle, consistent rental demand, and a resident profile that historically produces strong tenancy and rent resilience.
No exterior & parking available.
Grades K-3 • 0.5 mi
Grades K-5 • 1.1 mi
Grades 4-8 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,682 | 1,422 | 75% |
| Lot Size | 4,242 | 2,538 | 88% |
| Price | $3.70M | $2.26M | 88% |
| Price per sq ft | $1.4K | $1.3K | 63% |
| Built year | 1962 | 1922 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 70 | 13% |
Jun 2, 2026
$3,700,000
Initial Listing
May 12, 2025
$2,750,000
Public Record