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…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.
Facts & Features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1
Cooling
Has cooling: No
Appliances
Included: Free Standing Range, Freezer, Disposal, Gas Oven, Microwave, Refrigerator
Laundry: Inside
Features
Flooring: Laminate, Tile, Wood
Has fireplace: Yes
Fireplace features: Living Room
Interior area
Total interior livable area: 2,450 sqft
Property
Parking
Total spaces: 3
Parking features: Door Multi, Garage, Garage Door Opener, Garage Faces Rear, Side By Side
Attached garage spaces: 3
Features
Stories: 2
Patio & porch: Covered, Deck, Open, Patio
Has private pool: No
Has view: Yes
View features: Coastline, Hills, Ocean, Panoramic, Water
Lot
Size: 0.05 Acres
Features: Rectangular Lot
Details
Parcel number: 4188004005
Construction
Type & style
Home type: Residential
Architectural style: Cottage
Property subtype: Triplex
Condition
Year built: 1953
Location
Mike Zwarg
Broker / Owner
951-528-0626 mike@mzhomes.us
Listing Office: Chhabria Real Estate Company · Listing Agent: Neil Chhabria · 310-902-7227 · CRMLS
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