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$1,747,581Estimated home value

Beds
2
Baths
1.0
sq ft
748

865 Loma Dr, Hermosa Beach, CA 90254

865 Loma Dr

Hermosa Beach, CA 90254

  • Sold On 10/26/2024
    • Price drop $100,000↓
$100,000 price improvement. Build your dream ocean view beach house here! This is a lot sale with a small, currently rented beach bungalow. This home features one bedroom with a second bedroom that is currently open to the living room and office to enhance the living area for optimal space to entertain and relax. The lot also has enough space to park six cars onsight. Located just three blocks from Downtown Hermosa Beach and the sand, you are just steps away from our great restaurants, nightlife, Strand bike-riding and surfing the ocean blue! There's a park just one block away from this full street-to-street lot with ample parking for two cars in front and four behind. You could park an RV or a Boat in the back with this much space! There's tons of storage space in the basement area as well. This is currently tenant occupied giving you income while you work on your plans and permits to build!

Details

Property type

Single Family Residence

Est. home value

$1,747,581

Lot size

2,520 sq ft

Price per sq ft

$2,406

Year built

1922

HOA

No

Price History

10/25/2024
CRMLS

CRMLS #SB24167224

Sold
$1,795,000
-0.22%
10/01/2024
CRMLS

CRMLS #SB24167224

Pending
$1,799,000
09/11/2024
CRMLS

CRMLS #SB24167224

Price change
$1,799,000
-5.27%

Schools & Community

Elementary school: 

Hermosa View

Middle school: 

Hermosa

High school: 

Mira Costa

Community features: 

Curbs, Park

High school district: 

Manhattan Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$379,602
Asking price
$1,799,000
Closing costs (~8% of asking)
-$143,920
Est. remaining loan balance
-$1,275,478
Cash to seller
$379,602

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wintrust Mortgage

Loan start date

July 2022

Original loan amount

$1,320,000

Est. remaining balance

$1,275,478

Interest rate

5.09%

Loan type

New Conventional, 30 year

Seller

Martin S Slack Jr and Helen He

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Off Market

Tomo last checked: 11/08/2024 at 1:25 AM

Listing updated: 10/26/2024 at 8:24 PM

Listed by: J. Gregory Maffei, Phone #: (310) 546-7611

MLS: CRMLS #SB24167224

CRMLS logo

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