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$5,299,000

Est. payment - /mo

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4 Beds

4 Baths

2,450 SqFt

New

532 The Strand Hermosa Beach, CA 90254

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Sergio Palomino

theamericandreamca@gmail.com +1(619) 534-4400

UPDATED:

Key Details

Property Type Single Family Home

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 2,450 sqft

Price per Sqft $2,162

MLS Listing ID SB26181602

Style Cottage

Bedrooms 4

Full Baths 3

Half Baths 1

Year Built 1953

Lot Size 2,393 Sqft

Property Sub-Type All Other Attached

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.

Location

State CA

County Los Angeles

Direction Hermosa Ave to 6th Ct; park on apron

Interior

Interior Features Living Room Deck Attached, Unfurnished

Heating Forced Air Unit, Wall/Gravity

Flooring Laminate, Tile, Wood

Fireplaces Type FP in Living Room

Fireplace No

Appliance Disposal, Microwave, Refrigerator, Freezer, Gas Oven

Exterior

Parking Features Garage, Garage - Two Door, Garage Door Opener

Garage Spaces 3.0

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N Yes

Water Access Desc Public

View Mountains/Hills, Ocean, Panoramic, Water, Coastline, White Water

Porch Covered, Deck, Patio, Patio Open

Total Parking Spaces 3

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 4188004005

Acceptable Financing Cash, Exchange, Lease Option, Cash To New Loan

Listing Terms Cash, Exchange, Lease Option, Cash To New Loan

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=sgwYc1DtakV

Listed by Neil Chhabria, DRE#01821437 Chhabria Real Estate Company

NEARBY SCHOOL & BUSINESS

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Sergio Palomino

Agent | License ID: 1870045

+1(619) 534-4400

532 The Strand Hermosa Beach, CA 90254

Sergio Palomino

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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532 The Strand