1836 The Strand

Hermosa Beach, CA 90254

$9,995,000

Status: Active

  • 5Units
  • 3,908SQ. Feet
  • 2,403Lot Sq. Ft.

Over $1,000,000 Price Reduction - Seller wants immediate sale! The entire asset has been gutted and redone front the studs out with permits. Recent $650,000 capital expenditure includes NEW: roofs, plumbing, windows, decking, railings, waterproofing (in the walls), as well as all new subpanels and ALL wiring throughout! The interior "fit-and-finish" is beach-chic, with nothing left to be desired. All units boast hardwood, marble, subway tile, recessed lighting etc. The building's location on its parcel, is also superior to virtually everything on The Strand. Setback requirements, at its date of construction were virtually non-existent- the front balconies almost hang right over the bike path and sand! The view is actually greater than 180 degrees! Making a perfect view, better.Offering affords an investor the opportunity to assume excellent, BELOW-MARKET, in-place financing. The current loan has a principal balance of $4,900,000 at a rock-bottom monthly payment of 4.25% Interest-Only

Key Info

  • TypeResidential Income
  • StatusActive
  • Year Built1928
  • Days on Market102
  • Price$9,995,000
  • Price/Sqft$2,558
  • Date ListedJanuary 11th, 2019
  • MLS® #19422854

Interior

  • Square Footage3,908
  • Units5
  • Bathrooms0.00
  • # of Stories3
  • CoolingNone

Listing Details

  • Listing AgentBrice Head(01330706)
  • Listing OfficeMarcus & Millichap

Community Information

  • AreaHermosa Beach Sand (148)
  • CityHermosa Beach, CA
  • Zip Code90254
  • CountyLos Angeles

Exterior

  • Lot Sq. Ft.2,403

Price Change History for 1836 The Strand, Hermosa Beach, CA (MLS® #19422854)

Date Details Change
Price Reduced from $10,999,000 to $9,995,000 $1,004,000 (9.13%)
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Based on information from California Regional Multiple Listing Service, Inc. as of April 23rd, 2019 at 7:29pm PDT. 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.