1836 THE STRAND Hermosa Beach CA 90254 | MLS 19422854

1836 THE STRAND
Hermosa Beach, CA, 90254
$9,995,000
Beds
Baths
0 SqFt
0.06 Acres
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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

Property Details

Price:
$9,995,000
MLS #:
19422854
Status:
Active
Address:
1836 THE STRAND
Type:
Residential Income
City:
Hermosa Beach
Listed Date:
Jan 11, 2019 (132 days)
State:
CA
Square Ft (approx):
0
ZIP:
90254
Lot Size:
2,403 sqft / 0.06 acres (approx)
Year Built:
1928

Schools

Interior

Appliances
Tankless Water Heater, Built-In Range
Cooling
None
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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Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…

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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