This is your chance to own a 4-unit building on a full 30’ x 80’ beachfront lot for under $6M, offering the best value available on the world-famous Hermosa Beach Strand. With stunning ocean views, this property provides endless possibilities for investors seeking a premium beachside asset. Unlock the potential of this property by exploring the various development options available. Create a breathtaking owner's unit while still maintaining rental income from the remaining units. Take advantage of the interior stairway to reconfigure the space to suit your needs. If you're simply looking to invest, this irreplaceable beachfront property generates immediate rental income, making it a strong option for a 1031 exchange. The property comes with dedicated 3-car parking, a valuable amenity in this sought-after beach community. Plus, you're just steps away from the shops and dining of downtown Hermosa Beach, providing convenience and a vibrant lifestyle. 114 The Strand is a smart long-term beachfront investment, at a price range that is becoming increasingly scarce on The Strand. Don’t miss out on this rare opportunity to own this prime Hermosa Beach property with big upside potential.
Property Details
Property Features
Property Information:
Year Built: 1910
Stories: 2
Living Area: 2,800 SqFt
Listing Office:
Office Name: Strand Hill Properties
Office Email: manonthestrand@gmail.com
Listing Agent: Shawn Dugan
Interior Features
Interior Information:
Fireplace: Outside
Bedroom and Bathroom Information:
Full Bathrooms: 4
Total Bedroom Count: 4
Exterior Features
Exterior Information:
Private Pool: No
View: Ocean, Panoramic, Water
Lot Features
Lot Information:
Lot Size: 0.06 Acres
Utilities
Utilities Information:
Cooling: None
Other
Directions Information:
Directions: Go west on 2nd St and then south on Beach Drive.
Price Information
Listing Price Info
Price Summary:
List Price: $5,500,000
Price Per SqFt: $1,964/SqFt
Tax Information:
Annual Amount: $38,224
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Hermosa Beach, CA.
This property is $3.2M more than the Median Sold Price and $688/SqFt more than other homes in Hermosa Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SB24201235
Listing Office:
Office Name: Strand Hill Properties
Office Email: manonthestrand@gmail.com
Listing Agent: Shawn Dugan
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/21/2024, 7:21:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 15, 2011
Nov 15, 2011Home Sold
$3,030,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$38,224
$3,516,013
2020
$37,216
$3,479,962
2019
$36,025
$3,411,728
2018
$35,759
$3,344,832
2017
$35,759
$3,279,248
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$27.5K
Per Month
Principal & Interest
$27.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$16.5K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Beryl Heights Elementary School
920 Beryl St
Distance between this listing and this school0.86 miles
Public District Grades KG-5
8
/10
Jefferson Elementary School
600 Harkness Ln
Distance between this listing and this school1.13 miles
Public District Grades KG-5
9
/10
Towers Elementary School
5600 Towers St
Distance between this listing and this school1.33 miles
Public District Grades KG-5
Nearby Schools
9
/10
Hermosa Valley School
1645 Valley Dr
Distance between this listing and this school0.83 miles
Public District Grades 5-8
8
/10
Parras Middle School
200 N Lucia Ave
Distance between this listing and this school1.35 miles
Public District Grades 6-8
8
/10
Bert Lynn Middle School
5038 Halison St
Distance between this listing and this school1.99 miles
Public District Grades 6-8
Nearby Schools
9
/10
Redondo Union High School
1 Sea Hawk Way
Distance between this listing and this school1.01 miles
Public District Grades 9-12
7
/10
Patricia Dreizler Continuation High School
1000 Del Amo St
Distance between this listing and this school1.13 miles
Public District Grades 9-12
9
/10
Mira Costa High School
1401 Artesia Blvd
Distance between this listing and this school1.50 miles
The neighbors living near this home have an average income of $84,012. The majority of Hermosa Beach, CA residents have income between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 114 The Strand in Hermosa Beach, CA and zip code 90254 in the Hermosa Beach Sand neighborhood. This 2,800 square foot home, which was built in 1910, sits on a 0.06 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 09, 2024 and is currently priced at $5,500,000.
While more than 4 listings in Hermosa Beach, CA in November 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 5 were sold below. Between October 2024 and November 2024, Hermosa Beach, CA real estate market has seen decrease in the number of listings by 12.5%. In November 2024 median list price was $2,275,000 and the average listing age was 58 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
Music Concerts
Music Concerts
Art Museums
Hiking/backpacking
H&M
Bloomingdales
Banana Republic
Chipotle
Starbucks
Boston Market
Volkswagen
Audi
Mercedes
Rhythmic Contemporary Hits
News