114 The Strand, Hermosa Beach, CA 90254

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Glen Henderson

[email protected] +1(619) 889-7646

$5,500,000

Est. payment - /mo

5 Beds

5 Baths

2,411 Sqft Lot

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UPDATED:

12/11/2024 06:43 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB24206926

Bedrooms 5

HOA Y/N No

Lot Size 2,411 Sqft

Type of Financing Cash

Property Description

This is your chance to own a 4-unit building on a full 30 x 80 beachfront lot for under $6M, offering the best value available on the world-famous Hermosa Beach Strand. With stunning ocean views, this property provides endless possibilities for investors seeking a premium beachside asset. Unlock the potential of this property by exploring the various development options available. Create a breathtaking owner's unit while still maintaining rental income from the remaining units. Take advantage of the interior stairway to reconfigure the space to suit your needs. If you're simply looking to invest, this irreplaceable beachfront property generates immediate rental income, making it a strong option for a 1031 exchange. The property comes with dedicated 3-car parking, a valuable amenity in this sought-after beach community. Plus, you're just steps away from the shops and dining of downtown Hermosa Beach, providing convenience and a vibrant lifestyle. 114 The Strand is a smart long-term beachfront investment, at a price range that is becoming increasingly scarce on The Strand. Dont miss out on this rare opportunity to own this prime Hermosa Beach property with big upside potential.
This is your chance to own a 4-unit building on a full 30 x 80 beachfront lot for under $6M, offering the best value available on the world-famous Hermosa Beach Strand. With stunning ocean views, this property provides endless possibilities for investors seeking a premium beachside asset. Unlock the potential of this property by exploring the various development options available. Create a breathtaking owner's unit while still maintaining rental income from the remaining units. Take advantage of the interior stairway to reconfigure the space to suit your needs. If you're simply looking to invest, this irreplaceable beachfront property generates immediate rental income, making it a strong option for a 1031 exchange. The property comes with dedicated 3-car parking, a valuable amenity in this sought-after beach community. Plus, you're just steps away from the shops and dining of downtown Hermosa Beach, providing convenience and a vibrant lifestyle. 114 The Strand is a smart long-term beachfront investment, at a price range that is becoming increasingly scarce on The Strand. Dont miss out on this rare opportunity to own this prime Hermosa Beach property with big upside potential.

Location

State CA

County Los Angeles

Area Hermosa Beach (90254)

Zoning Public Rec

Building

Story 2

Lot Size Range 1-3999 SF

Level or Stories 2 Story

Others

Monthly Total Fees $72

Acceptable Financing Cash

Space Rent $2,000

Listing Terms Cash

CFD/Mello-Roos Fee $865

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Listed by Shawn Dugan • Strand Hill Properties

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

114 The Strand Hermosa Beach, CA 90254

Glen Henderson

Key Details

Location

Building

Others

Get More Information