This remarkable income property offers excellent investment potential, offered under $2M per unit, well below Hermosa Strand condo values, and generating a gross scheduled income of $425,196. 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… Read More 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. 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, 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 don't miss this chance to own a piece of the coveted Strand lifestyle. Read Less
Property listed by Strand Hill Properties, Shawn Dugan 310-545-0707
Listing Snapshot
Days Online
8
Last Updated
Beds
8
Square Ft.
3,908
Lot Size
0.06 Acres
Year Built
1928
MLS Number
26661347
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 1928, Living area: 3908.0, 1 building, Building faces West, 3 stories, Levels: ThreeOrMore, Entry level: 1, Entry location: Ground Level w/steps
Cooling
None
Garage
3 spaces
Heating
Central
Income
Gross Income: $425,196, Net Operating Income: $274,591
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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