114 The Strand

Hermosa Beach, CA 90254

$5,500,000
Price
4
Beds
4
Baths
2,800 Sq. Ft.
$1,964 / Sq. Ft.
2,800
Sq. Ft.
$1,964
per Sq. Ft.

Description

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...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.
  1. Listed by Shawn Dugan • DRE #01749343 • Brokerage DRE #01968431 • Strand Hill Properties • manonthestrand@gmail.com

Property Details for 114 The Strand

View
Ocean, Panoramic, Water, White Water
Parking Spaces Total
3
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2800
LISTING UPDATED: 10/18/2024 03:23 AM

Property Details for 114 The Strand

StatusActive
MLS #SB24201235
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeTownhouse
MLS TypeResidential
Year Built1910
Lot Size0.06 AC / 2,411 SF
CountyLos Angeles County

Building Information for 114 The Strand

Stories2Residences-Year Built1910Building Size-Lot Size0.06 AC / 2,411 SF

Property Information for 114 The Strand

Income / Expense / Tax Details
Income Details
  • Gross Income: $123,000
  • Gross Scheduled Income: $123,000
  • Net Operating Income: $51,250
Expense Details
  • Operating Expense: $71,750
  • New Taxes Expense: $68,750
  • Insurance Expense: $2,000
  • Trash Expense: $1,000
  • Total Expenses: $71,750
Tax / Assessment Info
  • Tax Block: 2
  • Tax Tract Number: 4340
  • Tax Census Tract: 6211.04
  • CFD/Mello-Roos Fee: $865
  • Tax Lot: 3
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Biking
  • Number Of Units In Community: 4
Property / Structure Info
Interior Features
  • Room Type: Living Room
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: Patio
  • Fireplace Rooms: Patio
  • Fireplace: Patio/Outdoors
  • Cooling: None
Exterior Features
  • Entry Location: 1
  • Structure Type: Quadruplex
  • View Description: Catalina, Ocean, Panoramic, Water, White Water
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Green Info
  • Walk Score: 88
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: 2-5 Units/Acre
  • Lease Considered: No
  • Number Of Units: 4
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: All Other Attached
  • Residential Unit Location: 1 common wall
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $2,000
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,600
  • Unit Type Total Rent: $3,600
  • Unit Type Pro Forma: 3600
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,650
  • Unit Type Total Rent: $2,650
  • Unit Type Pro Forma: 4500
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4

Property History for 114 The Strand

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 114 The Strand

Taxable ValueLand$2,462,853Additions$1,268,366Total$3,731,219
Tax Record2024$40,391 ($3,366 / month)
Home Facts
Total Finished SqFt2,800 SqFtAbove Grade Finished SqFt2,800 SqFtLot Size2,411 SqFtStyleQuadraplexYear Built1910ZoningHBR3YYCountyLOS ANGELESAPN4188-003-026

Schools near 114 The Strand

This home is within Hermosa Beach City Elementary School District.
Rating
School
Type
Grades
Distance
Public - 5 to 8
Public - K to 2
Private - 6 to 12
Private - PK to 8
Rating
School
Distance
Hermosa Valley Elementary School
Public5 to 8

Hermosa View Elementary School
PublicK to 2

Fusion Academy Sb: South Bay
Private6 to 12

Our Lady Of Guadalupe Elementary School
PrivatePK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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114 The Strand is a townhouse for sale in Hermosa Beach, CA 90254. This property was listed for sale on September 23, 2024 by Strand Hill Properties, it's currently listed at $5,500,000. It has been on the market for a total of 35 days and was last sold on November 15, 2011. This listing's school district is Hermosa Beach City Elementary School District. Nearby schools include Hermosa Valley Elementary School, Hermosa View Elementary School and Fusion Academy Sb: South Bay. 114 The Strand is a 4-bed, 4-bath, 2,800 sqft townhouse built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Strand Hill Properties, Shawn Dugan, DRE #01749343

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.