1836 The Strand
Hermosa Beach, CA 90254
3908 sqft | 11 beds | 7 baths | 0.06 acres | #SB23103401
Description
Welcome to 1836 The Strand, an exceptional beachfront property located in highly sought-after North Hermosa Beach. This extraordinary building features five distinct units, offering a total of 11 bedrooms, 7 bathrooms, and an expansive 3,908 square feet of living space. Completely rehabbed inside and out, this property showcases meticulous attention to detail, including newer roof, plumbing, sub-panels, wiring, and windows.
Situated beyond the current building restrictions, this property stands taller and wider, allowing for uniquely breathtaking ocean views from four out of the five units. Wake up to the soothing sound of crashing waves and indulge in the picturesque coastal scenery spanning from Palos Verdes to Malibu. Unmatched in its prime location, 1836 The Strand provides an idyllic Southern California lifestyle, steps away from downtown Hermosa Beach's vibrant restaurants, shops, and cafes.
Offered at an incredible value of only $2M per unit, 1836 The Strand presents an unparalleled opportunity to own a piece of the iconic Strand lifestyle at a price well below Hermosa Strand individual condo values. This remarkable income property offers excellent investment potential, generating a monthly income of $35,298 with a favorable Gross Rent Multiplier (GRM) of 24. The unique opportunity to live in the penthouse owner's unit while maximizing rental income from the remaining units presents numerous possibilities. Additionally, with a walk score of 85, this beachfront gem allows for convenient access to renowned schools, freeways, and major destinations like LAX, Santa Monica and downtown LA.
1836 The Strand is truly a one-of-a-kind property that rarely graces the market. Its versatility, stunning views, and unmatched location make it an irresistible opportunity for discerning buyers, investors, or those seeking a luxurious family beach compound. Don't miss out on this chance to own a piece of the coveted Strand lifestyle. Inquire for Offering Memorandum, and for details on an assumable loan at a low 5.35% interest rate. For those potentially interested in building a portfolio of Strand investment properties, the seller would also consider this property as part of a larger Strand acquisition, consisting of additional properties not yet on the market.
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Shawn Dugan (#SDUGASHA)
Listing Office: Strand Hill Properties (#sb1310590)
