4-Bedroom Residential — 532 The Strand, Hermosa Beach, CA
$5,299,000
532 The Strand, Hermosa Beach, CA
About this property
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.
Property details
Location
532 The Strand • Hermosa Beach, CA 90254
Listed by
Neil Chhabria · Chhabria Real Estate Company
Nearby listings in Hermosa Beach, CA
- 648 Loma, Hermosa Beach, CA · $8,500/mo
- 733 21st, Hermosa Beach, CA · $9,950/mo
- 1600 Ardmore 320, Hermosa Beach, CA · $570,000
- 301 25th, Hermosa Beach, CA · $2,999,999
- 1217 21st, Hermosa Beach, CA · $1,550,000
- 415 2nd St, Hermosa Beach, CA · $1,599,000
- 126 Neptune Avenue, Hermosa Beach, CA · $12,000/mo
- 732 Hermosa Avenue, Hermosa Beach, CA · $1,999,999
- 320 Hermosa 101, Hermosa Beach, CA · $5,300/mo
- 724 5th Street, Hermosa Beach, CA · $4,200/mo
- 1033 Aviation, Hermosa Beach, CA · $2,200/mo
- 536 The Strand, Hermosa Beach, CA · $25,000/mo