532 The Strand, Hermosa Beach, CA 90254
- $5,299,000
- 4
- BD
- 4
- BA
Listed by Neil Chhabria, 310-379-2167 from Chhabria Real Estate Company
(If provided) CoList: from
- List Price
- $5,299,000
- MLS#
- CRSB26181602
- Status
- ACTIVE
- Bedrooms
- 4
- Total Bathrooms
- 4
- Full Bathrooms
- 3
- Partial Bathrooms
- 1
- Lot Size
- 2,393
- Listing Area
- 148 - Hermosa Bch Sand
- Year Built
- 1953
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 truste
Additional Information
- Acres
- 0.05
- Amenities
- Window Covering(s), Private Patio, Other
- Cooling System
- None
- Energy Features
- Ceiling Fan(s)
- Fireplace Description
- Living Room
- Floor Covering
- Laminate
- Garage Parking
- Attached Garage, Garage, Gate / Door Opener, Side By Side
- Heating System
- Forced Air, Wall Furnace
- Laundry Facilities
- Other
- Lot Size
- 2,393
- Neighborhood
- 148 - Hermosa Bch Sand
- Other Utilities
- Telephone - Not On Site
- Pool Description
- 31, None
- Style
- Cottage
- Unincorporated Yn
- Yes
- View
- Hills, Ocean View, Panoramic, Water
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