114 The Strand
Hermosa Beach,
CA
90254
Property Details
List Price: |
$5,500,000 |
Beds: |
4 |
Baths: |
Full: 4 |
Status: |
Active |
SqFt: |
2800 Square Feet |
Agency: |
Strand Hill Properties |
Agency Phone: |
(310) 545-0707 |
Description/Comments
Lot Size: |
0 acre(s) |
Property Type: |
Residential-Quadruplex |
Year Built: |
1910 |
Notes: |
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 on the world-famous Hermosa Beach Strand. With stunning ocean views and an unbeatable location, this property provides endless possibilities for investors seeking a premium beachside asset.<br />
<br />
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—whether it's a mix of units for optimal income or a luxurious, expansive residence. If you're simply looking to invest, this irreplaceable beachfront property already generates immediate rental income, making it a solid option for a 1031 exchange.<br />
<br />
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.<br />
<br />
While this property has fantastic bones, with the right attention, there's significant rental growth potential. Making this property a smart long-term investment in a location where beachfront properties are becoming increasingly scarce. Don’t miss out on this rare opportunity to own a piece of Hermosa Beach history with endless upside potential. |
MlsNumber: |
-- |
ListingId: |
SB24201235 |
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Listing Provided By: |
Strand Hill Properties, original listing |
Phone: |
(310) 265-3428 |
Office Phone: |
(310) 545-0707 |
Agent Name: |
Shawn Dugan |
Disclaimer: |
Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |