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114 The Strand, Hermosa Beach, CA 90254

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For Sale

$5,500,000

5 beds • 4 baths • 1 half baths • 2,800 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $1,964.29
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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. 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. 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. 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.
MLS# SB24206926

Courtesy Of Strand Hill Properties

(310) 545-0707

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • View Type
    Ocean, Panorama, Water

Map and Directions

Directions to 114 The Strand, Hermosa Beach, CA 90254

Home seller CENTURY 21 Union Realty Co.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Union Realty Co.

(310) 371-6330
Learn More About Us

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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