532 The Strand, Hermosa Beach, CA 90254
532 The Strand, Hermosa Beach, CA 90254,Video Tour
532 The Strand, Hermosa Beach, CA 90254
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John R Thompson

John R Thompson

+1(805) 796-5221
Listed by Neil Chhabria • Chhabria Real Estate Company
$5,299,000
Est. payment /mo
4 Beds
4 Baths
2,450 SqFt
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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,450 sqft

Price per Sqft $2,162

MLS Listing ID SB-26181602

Style Cottage

Bedrooms 4

Full Baths 3

Half Baths 1

Year Built 1953

Lot Size 2,393 Sqft

Property Sub-Type Triplex

Source California Regional Multiple Listing Service (CRMLS)

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

Area 148 - Hermosa Beach Sand

Interior

Interior Features Ceiling Fan(s), Living Room Deck Attached, Unfurnished, Kitchen Open to Family Room

Heating Wall Furnace, Forced Air

Cooling None

Flooring Laminate, Tile, Wood

Fireplaces Type Living Room

Laundry Inside

Exterior

Garage Spaces 3.0

Pool None

Community Features Biking, Watersports

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

View Y/N Yes

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

Building

Lot Description Rectangular Lot

Sewer Public Sewer

Others

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John R Thompson

John R Thompson

+1(805) 796-5221

Broker/Owner | License ID: 01200900

Broker/Owner License ID: 01200900

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532 The Strand