532 The Strand, Hermosa Beach, CA 90254
- $5,299,000
- 4
- BD
- 4
- BA
- 2,450
- SqFt
- List Price
- $5,299,000
- Status
- ACTIVE
- MLS#
- SB26181602
- Year Built
- 1953
- Bedrooms
- 4
- Bathrooms
- 4
- Living Sq. Ft
- 2,450
- Lot Size
- 2,393
- Acres
- 0.05
- Lot Location
- Rectangular Lot
- Days on Market
- 3
- Property Type
- Multifamily
- Style
- Cottage
- Property Sub Type
- Triplex
- Stories
- Two Levels
Property Description
One of the few remaining full oceanfront parcels on the Hermosa Strand, producing income while you plan your vision. 532 The Strand is a 30 x 80 oceanfront lot at 6th Court, just south of the Hermosa Pier, improved with a three unit residential income property of approximately 2,450 square feet. It carries three legal addresses (532,530 & 528 The Strand). The building works for itself today with three separate legal addresses, each with its own private outdoor space, its own kitchen and its own in-unit laundry. Two (2) upper level one bedrooms, one facing the Strand directly and one with a double-sized deck. And a beach level two bedroom, one and a half bath with updated appliances, a fireplace, and a patio opening directly onto the sand. Three garage spaces on site. For a buyer with a longer timeline, entitlement on the coast takes the time it takes, and this parcel is not an empty lot waiting on a permit. Occupy one unit and lease the others. Lease all three. Run furnished thirty day and longer terms: the point is, there's options. And because it is classified residential income rather than a personal residence, it can serve as replacement property in a 1031 exchange. For a buyer carrying a gain out of another investment property, that is conversation worth having with a trusted CPA to determine options. The bottom line is: frontage on the Strand is finite. This is one to look more closely at because it produces today and can evolve on your schedule.
Additional Information
- Appliances
- Free-Standing Range, Freezer, Disposal, Gas Oven, Microwave, Refrigerator
- Pool Description
- None
- Fireplace Description
- Living Room
- Heat
- Forced Air, Wall Furnace
- Cooling Description
- None
- View
- Coastline, Hills, Ocean, Panoramic, Water
- Patio
- Covered, Deck, Open, Patio
- Garage Spaces Total
- 3
- Sewer
- Public Sewer
- Water
- Public
- School District
- Hermosa
- Interior Features
- Ceiling Fan(s), Eat-in Kitchen, Living Room Deck Attached, Unfurnished
- Attached Structure
- Attached
- Number Of Units Total
- 3
Listing courtesy of Listing Agent: Neil Chhabria (neil@chhabriare.com) from Listing Office: Chhabria Real Estate Company.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.