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Listed by Shawn Dugan • Strand Hill Properties
$ 5,500,000
Est. payment /mo
Active
114 The Strand Hermosa Beach, CA 90254
2,800 SqFt
UPDATED:
12/11/2024 01:47 AM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $1,964
MLS Listing ID SB-24206926
Year Built 1910
Lot Size 2,411 Sqft
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. Don't miss out on this rare opportunity to own this prime Hermosa Beach property with big upside potential.
Location
State CA
County Los Angeles
Zoning HBR3YY
Interior
Laundry Common Area
Exterior
Parking Features Gated
Pool None
Community Features Biking
View Y/N Yes
View Panoramic, Ocean, Water, White Water, Catalina
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944