114 The Strand, Hermosa Beach, CA 90254
  • MLS#: SB24206926 ( Quadruplex )
  • Street Address: 114 The Strand
  • Viewed: 1
  • Price: $5,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1910
  • Bldg sqft: 0
  • Days On Market: 295
  • Additional Information
  • County: LOS ANGELES
  • City: Hermosa Beach
  • Zipcode: 90254
  • Provided by: Strand Hill Properties
  • Contact: Shawn Shawn
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 2800.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Country
  1. US
Days On Market
  1. 150
Garage Spaces
  1. 0.00
Insurance Expense
  1. 2000.00
Laundry Features
  1. Common Area
Levels
  1. Two
Lockboxtype
  1. Call Listing Office
Lot Features
  1. 2-5 Units/Acre
Netoperatingincome
  1. 51250.00
Newtaxesexpense
  1. 68750.00
Parcel Number
  1. 4188003026
Pool Features
  1. None
Postalcodeplus4
  1. 5047
Property Type
  1. Quadruplex
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 424582226:CRM
Spa Features
  1. None
Totalexpenses
  1. 71750.00
Trash Expense
  1. 1000.00
Uncovered Spaces
  1. 3.00
View
  1. Catalina
  2. Ocean
  3. Panoramic
  4. Water
  5. White Water
Water Source
  1. Public
Year Built
  1. 1910
Year Built Source
  1. Public Records
Zoning
  1. HBR3YY