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1640 Loma Drive 4, Hermosa Beach, California 90254, Hermosa Beach, 90254 - 6 bed, 5 bath

1640 Loma Drive 4, Hermosa Beach, California 90254 home-pic-0
ACTIVE$3,095,000
1640 Loma Drive 4, Hermosa Beach, California 90254
6Beds
5Baths
2,913Sqft
3,969Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Great Schools: Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-01-16. The sold price is $2,200,000.00.

Compared to the nearby listings

Price:$3.10M vs avg $2.51M (+$585,000)75%
Size:2,913 sqft vs avg 2,336.5 sqft67%
Price/sqft:$1.1K vs avg $1.1K50%

More Insights

Built in 1959 (66 years old).
Condition: Built in 1959, the property explicitly states it has 'original interiors' which are described as 'dated' and a 'blank canvas' for investors. This indicates that the kitchens, bathrooms, and other interior components are from the 1950s or have seen only minor cosmetic updates, requiring substantial rehabilitation to meet modern standards. While the exterior has received recent upgrades, the critical interior elements would be highly inefficient, aesthetically outdated, and likely require extensive system replacements (plumbing, electrical) due to age, making the property very uncomfortable to live in its current state without significant investment.
Year Built
1959
Close
-
List price
$3.1M
Original List price
$3.1M
Price/Sqft
$1,062
HOA
-
Days on market
-
Sold On
-
MLS number
SB25060099
Home ConditionPoor
Features
Good View: City Lights
Deck
Patio
ViewCity Lights

About this home

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!

Nearby schools

10/10
Hermosa View Elementary School
Public,•K-3•0.4mi
9/10
Opal Robinson Elementary School
Public,•K-5•0.9mi
8/10
Hermosa Valley Elementary School
Public,•4-8•0.1mi
9/10
Manhattan Beach Middle School
Public,•6-8•1.8mi
9/10
Mira Costa High School
Public,•9-12•0.7mi

Price History

Date
Event
Price
01/16/25
Sold
$2,200,000
Condition Rating
Poor
Built in 1959, the property explicitly states it has 'original interiors' which are described as 'dated' and a 'blank canvas' for investors. This indicates that the kitchens, bathrooms, and other interior components are from the 1950s or have seen only minor cosmetic updates, requiring substantial rehabilitation to meet modern standards. While the exterior has received recent upgrades, the critical interior elements would be highly inefficient, aesthetically outdated, and likely require extensive system replacements (plumbing, electrical) due to age, making the property very uncomfortable to live in its current state without significant investment.
Pros & Cons

Pros

Great Schools: Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).
Exceptional Location: Prime location just blocks from Hermosa Beach, the pier, downtown shops, restaurants, and award-winning schools, enhancing desirability for tenants and owner-occupants.
Fully Vacant Income Property: A rare fully vacant 4-unit property offering immediate rental income potential and flexibility for an owner-occupant, with a desirable unit mix (3-bed, 2-bed, 1-bed, studio).
No Rent Control: Situated in an oceanfront city with no local rent control, providing significant investment flexibility and potential for market-rate rent adjustments.
Ample Parking: Features 4 garages and 6 uncovered parking spots, a highly valuable and sought-after amenity in a dense beach community.
Renovation Upside & Exterior Refresh: The original interiors offer a blank canvas for customization and value-add, complemented by recent exterior upgrades including paint, new garage doors, and facade elements.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-01-16. The sold price is $2,200,000.00.
Dated Interiors: The 'original interiors' indicate a need for substantial investment in modernization to maximize rental income, tenant appeal, and property value.
Property Age: Built in 1959, the property's age suggests potential for older infrastructure (e.g., plumbing, electrical) that may require future upgrades or maintenance beyond the recent exterior work.
Significant Capital Outlay: The high list price combined with the necessary interior renovations represents a considerable initial capital expenditure for a prospective buyer.

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