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Amy Cimetta

amy@luvwhereulive.com +1(310) 428-8804

$ 5,299,000

Est. payment | -/mo

4 Beds

4 Baths

2,450 SqFt

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$ 5,299,000

Est. payment | -/mo

Save Virtual Tour

4 Beds

4 Baths

2,450 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,450 sqft

Price per Sqft $2,162

MLS Listing ID SB26181602

Bedrooms 4

Full Baths 3

Half Baths 1

HOA Y/N No

Year Built 1953

Lot Size 2,391 Sqft

Property Sub-Type Triplex

Property Description

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.

Location

State CA

County Los Angeles

Area 148 - Hermosa Bch Sand

Rooms

Main Level Bedrooms 4

Interior

Interior Features Ceiling Fan(s), Eat-in Kitchen, Living Room Deck Attached, Unfurnished

Heating Forced Air, Wall Furnace

Cooling None

Flooring Laminate, Tile, Wood

Fireplaces Type Living Room

Fireplace Yes

Appliance Free-Standing Range, Freezer, Disposal, Gas Oven, Microwave, Refrigerator

Laundry Inside

Exterior

Parking Features Door-Multi, Garage, Garage Door Opener, Garage Faces Rear, Side By Side

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Biking, Water Sports

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Waterfront Description Across the Road from Lake/Ocean,Beach Front,Ocean Front,Ocean Side Of Freeway,Ocean Side Of Highway

View Y/N Yes

View Coastline, Hills, Ocean, Panoramic, Water

Porch Covered, Deck, Open, Patio

Total Parking Spaces 3

Private Pool No

Building

Lot Description Rectangular Lot

Dwelling Type Triplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Architectural Style Cottage

Level or Stories Two

New Construction No

Schools

School District Hermosa

Others

Senior Community No

Tax ID 4188004005

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Virtual Tour https://my.matterport.com/show/?m=sgwYc1DtakV

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Neil Chhabria Chhabria Real Estate Company 310-902-7227, DRE #01821437

Nearby Locations

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Amy Cimetta

Broker Associate, MBA | Lic# 01774767

amy@luvwhereulive.com

+1(310) 428-8804

2501 N Sepulveda Blvd, 2nd floor Manhattan Beach CA 90266

532 The Strand Hermosa Beach, CA 90254

Amy Cimetta

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

532 The Strand