114 The Strand, Hermosa Beach CA, 90254

Active

114 The Strand

Hermosa Beach CA, 90254

$5,500,000

$1,964.29 per sqft

Active

2,800 sqft

Multi-family

Built in 1910

Listed by Shawn Dugan with Strand Hill Properties [email protected]

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.

SB24206926

MLSⓇ ID

October 8, 2024

Listed

October 19, 2024

Updated

Map

114 The Strand
Hermosa Beach CA, 90254

Interior Features

Total Stories: 2
Laundry Description: Common Area
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.06 Acres
Lot Features: 2-5 Units/Acre
Sewer: Public Sewer

Other Property Details

Area Name: 148 - Hermosa Bch Sand
Days on Market: 1
Garage: No
Parking Total: 3
View: Yes
View Description: Catalina, Ocean, Panoramic, Water
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: HBR3YY

Listing Contact: 310-545-0707

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/19/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 10/19/2024 at 3:19 PM UTC