Residential Income – 1836 The Strand, Hermosa Beach, CA 90254, USA -001-11-30T00:00:00-08:00
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
1836 The Strand, Hermosa Beach, CA 90254, USA
$9,995,000 USD
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Address1836 The strand, Hermosa Beach
Price$9,995,000
Price Changed9.12% (-$1,004,000, 33 days ago)
Year Built1928
Bedrooms Total0
Living Area3,908
Lot Size (Sq.Ft.)2,403
Listing ID19422854
StatusActive
Parcel Number4183008006
ZoningHBR2B
Special ConditionsStandard
Days on Market134

Detailed Description: 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

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Address Information
Address1836 The strand, Hermosa Beach
CityHermosa Beach
Location (MLS Area)148 – Hermosa Bch Sand
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90254
Financial Information
Price Changed-9.1281%
Previous Price$10,999,000
Price per Square Foot$2,557.57
Price per Lot Square Foot$4,159.38
Price per Unit$1,999,000
Special ConditionsStandard
Total Expenses$133,465
Operating Expense$15,712
Insurance Expense$2,044
Gross Operating Income$358,620
Net Operating Income$224,596
Laundry Income$1,200
Garage Income$9,000
Gross Multiplier27.87%
Tax Year2000
Full Descriptions
Parcel Number4183008006
Detailed DescriptionOver $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
Lot FeaturesSprinklers None
Flooring DescriptionWood
Window FeaturesDouble Pane Windows
Room TypeLiving Room
Construction MaterialsStucco
Roof DescriptionComposition
Cooling DescriptionNone
Appliances DescriptionTankless Water Heater, Built-In Range
Parking FeaturesGarage
Fireplace FeaturesLiving Room
View DescriptionOcean
Property parameters
Year Built1928
Living Area (Sq.Ft.)3,908
Lot Size (Sq.Ft.)2,403
Lot Size (Acres)0.055
Lot Size SourceAssessor
Number of Buildings2
Number of Units Total5
ZoningHBR2B
Stories Total3
Units Total5
Vacancy Allowance Rate3%
Listed withBrice Head (Marcus & Millichap)