114 The Strand, Hermosa Beach, California 90254, Hermosa Beach, 90254 - 4 bed, 4 bath

114 The Strand, Hermosa Beach, California 90254 home-pic-0
ACTIVE$5,500,000
114 The Strand, Hermosa Beach, California 90254
4Beds
4Baths
2,800Sqft
2,411Lot
Year Built
1910
Close
-
List price
$5.5M
Original List price
$5.5M
Price/Sqft
$1,964
HOA
-
Days on market
-
Sold On
-
MLS number
SB24201235
Home ConditionFair
Features
Excellent View: Ocean, Panoramic, Water
ViewOcean, Panoramic, Water

About this home

We found 2 Cons,3 Pros. Rank: price - $5.50M(83th), sqft - 2800(58th), beds - 4(75th), baths - 4(83th).

This is your chance to own a 4-unit building on a full 30’ x 80’ beachfront lot for under $6M, offering the best value available on the world-famous Hermosa Beach Strand. With stunning ocean views, this property provides endless possibilities for investors seeking a premium beachside asset. Unlock the potential of this property by exploring the various development options available. Create a breathtaking owner's unit while still maintaining rental income from the remaining units. Take advantage of the interior stairway to reconfigure the space to suit your needs. If you're simply looking to invest, this irreplaceable beachfront property generates immediate rental income, making it a strong option for a 1031 exchange. The property comes with dedicated 3-car parking, a valuable amenity in this sought-after beach community. Plus, you're just steps away from the shops and dining of downtown Hermosa Beach, providing convenience and a vibrant lifestyle. 114 The Strand is a smart long-term beachfront investment, at a price range that is becoming increasingly scarce on The Strand. Don’t miss out on this rare opportunity to own this prime Hermosa Beach property with big upside potential.

Nearby schools

10/10
Hermosa View Elementary School
Public,K-31.1mi
9/10
Opal Robinson Elementary School
Public,K-51.7mi
8/10
Hermosa Valley Elementary School
Public,4-80.8mi
9/10
Manhattan Beach Middle School
Public,6-82.6mi
9/10
Mira Costa High School
Public,9-121.4mi

Price History

Date
Event
Price
11/15/11
Sold
$3,030,000
Condition Rating
Fair

The property was built in 1910 and appears to have been maintained but not recently renovated. The kitchens and bathrooms show their age with older appliances and fixtures. While functional, they are outdated. The overall condition suggests it requires updates to meet modern standards.
Pros & Cons

Pros

Prime Location: Located directly on the Hermosa Beach Strand, offering unparalleled beachfront access and lifestyle.
Income Potential: The 4-unit building provides immediate rental income, making it an attractive investment opportunity and suitable for a 1031 exchange.
Development Opportunity: The property offers various development options, including creating an owner's unit while maintaining rental income.

Cons

Age of Property: Built in 1910, the property may require updates or renovations to meet modern standards.
Potential Renovation Costs: Depending on the desired development path, significant renovation costs could be incurred.

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