Exceptional Beachfront Income Property
Hermosa Beach, California, United States
Welcome to 1836 The Strand, an exceptional beachfront property located in highly sought-after North Hermosa Beach. This extraordinary building features five distinct units, offering a total of 11 bedrooms, 7 bathrooms, and an expansive 3,908 square feet of living space. Completely rehabbed inside and out, this property showcases meticulous attention to detail, including newer roof, plumbing, sub-panels, wiring, and windows.
Situated beyond the current building restrictions, this property stands taller and wider, allowing for uniquely breathtaking ocean views from four out of the five units. Wake up to the soothing sound of crashing waves and indulge in the picturesque coastal scenery spanning from Palos Verdes to Malibu. Unmatched in its prime location, 1836 The Strand provides an idyllic Southern California lifestyle, steps away from downtown Hermosa Beach’s vibrant restaurants, shops, and cafes.Offered at an incredible value of only $2M per unit, 1836 The Strand presents an unparalleled opportunity to own a piece of the iconic Strand lifestyle at a price well below Hermosa Strand individual condo values.
This remarkable income property offers excellent investment potential, generating a monthly income of $34,498 with a favorable Gross Rent Multiplier (GRM) of 25. The unique opportunity to live in the penthouse owner’s unit while maximizing rental income from the remaining units presents numerous possibilities. Additionally, with a walk score of 85, this beachfront gem allows for convenient access to renowned schools, freeways, and major destinations like LAX, Santa Monica and downtown LA.
1836 The Strand is truly a one-of-a-kind property that rarely graces the market. Its versatility, stunning views, and unmatched location make it an irresistible opportunity for discerning buyers, investors, or those seeking a luxurious family beach compound. Don’t miss out on this chance to own a piece of the coveted Strand lifestyle. Inquire for Offering Memorandum.