528 The Strand

Description

Three addresses under one roof on one of the few remaining full oceanfront parcels on the Hermosa Strand. Frontage on the Strand is finite. This one works today and can evolve over time. 528, 530 and 532 The Strand is a three unit residential income property of approximately 2,450 square feet on a 30 x 80 oceanfront lot at 6th Court, just south of the Hermosa Pier. Two (2) upper level one bedroom residences, each with remodeled kitchens with dishwasher and in unit laundry. One has a large, private deck that captures a direct Strand facing view, the other features a double sized deck with privacy walls. The beach level is a two bedroom, two bath unit with updated appliances, a fireplace, in-unit laundry, and a large, private patio opening directly onto the Strand. Plus, there are three garage spaces on site. Every unit has its own dedicated private outdoor space. On the beach front that is genuinely rare. What this offering provides is control. Three legal addresses mean three independent decisions rather than one. Occupy one and lease the others. Lease all three. Hold one for friends and visiting colleagues. Run furnished thirty day and longer terms. Or hold the parcel with income while planning a build that capitalizes fully on the frontage. 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 distinction is not small. Located "in the sweet spot" South of the Pier where one gets access to all of the South end businesses, less congregating "Pier Plaza" traffic nearby, yet still enjoys the quick promixity to Downtown Hermosa.