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Joe Cloninger

[email protected] +1(323) 386-4663

$ 8,995,000

Est. payment | -/mo

8 Beds

5 Baths

3,908 SqFt

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$ 8,995,000

Est. payment | -/mo

Save Virtual Tour

8 Beds

5 Baths

3,908 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,908 sqft

Price per Sqft $2,301

MLS Listing ID 26661347

Bedrooms 8

Construction Status Updated/Remodeled

Year Built 1928

Lot Size 2,403 Sqft

Acres 0.0552

Property Sub-Type Multi-Family

Property Description

Welcome to 1836 The Strand, an exceptional beachfront 5-unit property located in highly sought-after North Hermosa Beach. In addition to its outstanding long-term investment fundamentals, this property may offer a compelling short-term rental opportunity with the potential for significant cash flow. Inquire for estimated short-term rental income projections.Very rarely does one encounter an opportunity to acquire a "to the studs" fully remodeled property spanning 3,908 sq.ft., 11 bedrooms and 7 bathrooms, under $9M on this prime stretch of The Strand. Fully renovated from top to bottom, this property showcases meticulous attention to detail, including all visible elements, plumbing, electrical and more. Grandfathered beyond current building restrictions, this property stands taller and wider than what is now permitted for new construction, offering uniquely breathtaking ocean views from four of the five units.Wake up to the soothing rhythm of the waves and panoramic ocean views stretching from Malibu to Catalina Island. Unmatched in its prime location, 1836 The Strand provides the epitome of the Southern California beachfront lifestyle, ideally located between the Pier with its vibrant restaurants, shops, and cafes, and 22nd Street with iconic Martha's Cafe and the Bottle Inn.This remarkable income property offers excellent investment potential, offered under $1.8M per unit well below Hermosa Strand condo values. For context, the neighboring 3,750 sq. ft. home on a 2,410 sq. ft. lot sold for $14.25M, highlighting the exceptional value of this offering.Options abound - retain the penthouse as your private beachfront retreat, offer guest accommodations for family and friends, and maximize rental income from the remaining units. Investors may also explore the property's potential as a high-income short-term rental asset, capitalizing on its irreplaceable beachfront location and flexible unit mix. Estimated income projections available upon request.This beachfront gem ranks with a high score of 84 on WalkScore.com, and offers easy access to renowned schools, freeways, and numerous local destinations like LAX, Santa Monica and downtown LA.1836 The Strand is a one-of-a-kind property that rarely graces the market. Its versatility, stunning views, income potential, and unmatched location make it an irresistible opportunity for discerning buyers, investors, or those seeking a luxurious family beach compound. For investors looking to expand their Strand portfolio, additional off-market properties may be available as part of a larger acquisition. Inquire for details, and do not miss this chance to own a piece of the coveted Strand lifestyle.

Location

State CA

County Los Angeles

Area Hermosa Beach Sand

Zoning HBR2B*

Rooms

Other Rooms None

Interior

Heating Central

Cooling None

Equipment Dryer, Washer, Refrigerator, Range/Oven

Exterior

Parking Features Garage - 3 Car

Garage Spaces 3.0

Waterfront Description Beach Front, Ocean, Ocean Side of Freeway, Ocean Front, Ocean Access, Beach Access

View Y/N Yes

View Coastline, Ocean, Water, White Water

Building

Story 3

Water Public

Level or Stories Three Or More

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Strand Hill Properties

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CONTACT US

+1(323) 386-4663

[email protected]

1836 The Strand Hermosa Beach, CA 90254