9
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$5,299,000
Est. payment /mo
4 Beds
4 Baths
2,393 Sqft Lot
New
528 The Strand Hermosa Beach, CA 90254
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26181465
Bedrooms 4
Lot Size 2,393 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Three addresses under one roof on one of the few remaining full oceanfront parcels on the Hermosa Strand. Frontage on the Strand is finite. This one works today and can evolve over time. 528, 530 and 532 The Strand is a three unit residential income property of approximately 2,450 square feet on a 30 x 80 oceanfront lot at 6th Court, just south of the Hermosa Pier. Two (2) upper level one bedroom residences, each with remodeled kitchens with dishwasher and in unit laundry. One has a large, private deck that captures a direct Strand facing view, the other features a double sized deck with privacy walls. The beach level is a two bedroom, two bath unit with updated appliances, a fireplace, in-unit laundry, and a large, private patio opening directly onto the Strand. Plus, there are three garage spaces on site. Every unit has its own dedicated private outdoor space. On the beach front that is genuinely rare. What this offering provides is control. Three legal addresses mean three independent decisions rather than one. Occupy one and lease the others. Lease all three. Hold one for friends and visiting colleagues. Run furnished thirty day and longer terms. Or hold the parcel with income while planning a build that capitalizes fully on the frontage. 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 distinction is not small. Located "in the sweet spot" South of the Pier where one gets access to all of the South end businesses, les
Location
State CA
County Los Angeles
Zoning Assessor
Direction Hermosa Ave to 6th Ct.; park on the apron. (Additional metered parking along Hermosa Ave.)
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 4188004005
Acceptable Financing Cash
Listing Terms Cash
Listed by Neil Chhabria, DRE#01821437 Chhabria Real Estate Company
NEARBY SCHOOL & BUSINESS
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