528 The Strand, Hermosa Beach, CA 90254

$6,500,000
List Price
$6,500,000
Status
ACTIVE
MLS#
SB24070261
Year Built
1953
Lot Size
2,393
Acres
0.05
Lot Location
Street Level
Days on Market
43
Property Type
Multifamily
Property Sub Type
Triplex
Stories
Two Levels

Property Description

Ocean front, Best value on the strand! This opportunity is versatile in nature. Use as a single family home, collect rent from a 3 unit income property or tear down and build new. Set in an ideal location on The Strand. Just far enough south to avoid the large crowds of the pier, but not too far south. And still less than half a mile to the restaurants and renowned Hermosa nightlife. Currently on the property is the original 1953 triplex, but it's also setup to live like a single family home by way of an internal common area stairway. Downstairs features a 2 bedroom 1.5 bathroom ocean front apartment with a spacious patio. Upstairs features two, one bedroom one bathroom apartments. One is an ocean front apartment with a balcony and ridiculous views. The other is a nice 1 bedroom 1 bathroom apartment with a balcony. All three units have been lightly renovated all with their own laundry. Property also has a tight 1 car garage stall and a 2 car garage stall. The views are breath taking and the location is great.

Additional Information

Appliances
Dishwasher, Free-Standing Range
Pool Description
None
Fireplace Description
Living Room
Heat
Central, Wall Furnace
Cooling Description
None
View
City Lights, Coastline, Ocean, Panoramic, Water
Garage Spaces Total
3
Sewer
Public Sewer
Water
Public
Interior Features
Balcony, Bedroom on Main Level
Attached Structure
Attached
Number Of Units Total
3
Gross Scheduled Income
$141,576
Operating Expense
78000

Listing courtesy of Listing Agent: Neil Chhabria (neil@chhabriare.com) from Listing Office: Chhabria Real Estate Company.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.