Description

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 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.