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.
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Zillow last checked:
Listing updated:
Listed by:
Neil ChhabriaDRE #01821437310-902-7227,
Chhabria Real Estate Company
Source: CRMLS,MLS#: SB26181602Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1
Main level bathrooms: 4
Main level bedrooms: 4
Rooms
Room types: Kitchen, Living Room
Bathroom
Features: Bathtub, Tub Shower
Kitchen
Features: Kitchen/Family Room Combo
Heating
Forced Air, Wall Furnace
Cooling
None
Appliances
Included: Free-Standing Range, Freezer, Disposal, Gas Oven, Microwave, Refrigerator
Laundry: Inside
Features
Ceiling Fan(s), Eat-in Kitchen, Living Room Deck Attached, Unfurnished
Flooring: Laminate, Tile, Wood
Windows: Blinds
Has fireplace: Yes
Fireplace features: Living Room
Common walls with other units/homes: 2+ Common Walls
Interior area
Total interior livable area: 2,450 sqft
Property
Parking
Total spaces: 3
Parking features: Door-Multi, Garage, Garage Door Opener, Garage Faces Rear, Side By Side
Attached garage spaces: 3
Features
Levels: Two
Stories: 2
Entry location: First floor
Patio & porch: Covered, Deck, Open, Patio
Pool features: None
Spa features: None
Has view: Yes
View description: Coastline, Hills, Ocean, Panoramic, Water
Has water view: Yes
Water view: Coastline,Ocean,Water
Waterfront features: Across the Road from Lake/Ocean, Beach Front, Ocean Front, Ocean Side Of Freeway, Ocean Side Of Highway
Lot
Size: 2,393 Square Feet
Features: Rectangular Lot
Details
Parcel number: 4188004005
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: Cottage
Property subtype: Triplex
Attached to another structure: Yes
Condition
New construction: No
Year built: 1953
Utilities & green energy
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected