1836 THE STRAND, Hermosa Beach, CA 90254 (MLS # 19422854)

Price $10,999,000
Status Active
Beds 0
Baths 0 bath
Home size 3,908 sq ft
Lot Size 2,404 sqft
Days on Market 72
The entire asset has been gutted and redone front the studs out with permits, as necessary. The 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. Lastly, the 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 - until August 2020.
Property Type(s): Residential Income
Last Updated 1/11/2019 Year Built 1928
Community 148 - Hermosa Bch Sand County Los Angeles

Additional Details

AIR None
APPLIANCES Built In Range, Tankless Water Heater
AREA 148 - Hermosa Bch Sand
CONSTRUCTION Stucco
FIREPLACE Yes
GARAGE Garage
LOT 2405 sq ft
LOT DESCRIPTION Sprinklers None
STORIES 3
VIEW Yes
VIEW DESCRIPTION Ocean
ZONING HBR2B*

Location

 

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Listing provided by : Brice Head CalDRE: 01330706, Marcus & Millichap

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