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1836 THE STRAND, Hermosa Beach, CA 90254

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1836 THE STRAND
Hermosa Beach, CA 90254

For Sale: $10,999,000

Property Type: Commercial Apartments
MLS#: 19422854

  • Building Size: 3908 SF
  • Lot Size: 2403 SF
  • Number of Units: 5
  • Number of Stories: 3
  • Year Built: 1928
  • Days on market: 38
  • Net Operating Income: $193,809
  • Gross Scheduled Income: $417,600
  • Rent Control: No
  • GRM: 33.65
  • Contact Listing Agent Direct:
  • Brice Head, Marcus & Millichap


Property Description

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.


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1836 THE STRAND, Hermosa Beach, CA 90254

Based on information from California Regional Multiple Listing Service, Inc. as of January 19, 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Listing provided by: Brice Head, Marcus & Millichap

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