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

114 The Strand, Hermosa Beach, California 90254 home-pic-0
ACTIVE$5,500,000
114 The Strand, Hermosa Beach, California 90254
0Bed
0Bath
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
SB24206926
Home ConditionPoor
Features
Excellent View: Catalina, Ocean, Panoramic, Water
ViewCatalina, Ocean, Panoramic, Water

About this home

We found 2 Cons,3 Pros. Rank: price - $5.50M(83th), sqft - 2800(58th), beds - undefined(50th), baths - undefined(50th).

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
Poor

The property was built in 1910 and appears to have had no major renovations in the past 50 years. The images show outdated kitchens and bathrooms with visible wear and tear. The overall condition suggests substantial repairs and rehabilitation are needed. The property's value is likely primarily in the land and location.
Pros & Cons

Pros

Prime Location: Located directly on the Hermosa Beach Strand, offering unparalleled beachfront access and views.
Income Potential: The 4-unit building provides immediate rental income, making it an attractive investment opportunity.
Development Potential: 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 and maintenance to meet modern standards.
Potential Renovation Costs: Depending on the desired development or reconfiguration, significant renovation costs may be incurred.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state