1836 THE STRAND Hermosa Beach CA 90254 | MLS 19422854

1836 THE STRAND
Hermosa Beach, CA, 90254
$10,999,000
Beds
Baths
0 SqFt
0.06 Acres
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The entire asset has been gutted and redone front the studs out with permits, as necessary. The 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. Lastly, the 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 – until August 2020.

Property Details

Price:
$10,999,000
MLS #:
19422854
Status:
Active
Address:
1836 THE STRAND
Type:
Residential Income
City:
Hermosa Beach
Listed Date:
Jan 11, 2019 (73 days)
State:
CA
Square Ft (approx):
0
ZIP:
90254
Lot Size:
2,403 sqft / 0.06 acres (approx)
Year Built:
1928

Schools

Interior

Cooling
None
Appliances
Tankless Water Heater, Built In Range
FireplaceFeatures
Living Room
Flooring
Wood
WindowFeatures
Double Pane Windows

Exterior

LotFeatures
Sprinklers None
ParkingFeatures
Garage
Roof
Composition
StoriesTotal
3
View
Ocean

Financial

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Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …

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Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates Real Estate include the name of the listing broker. Neither the listing company nor Outland and Associates Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2019. California Regional Multiple Listing Service. All rights reserved.
1836 THE STRAND
Hermosa Beach, CA