1614 The Strand, Hermosa Beach, California 90254, Hermosa Beach, 90254 - 4 bed, 4 bath

1614 The Strand, Hermosa Beach, California 90254 home-pic-0

1614 The Strand

Hermosa Beach, California 90254

ACTIVE
CONDITION: TEAR DOWN
4Beds
4Baths
1,716Sq Ft
2,398Lot Size

Property Price

LIST PRICE$6,999,000

SUMMARY

Analysis of 1614 The Strand, Hermosa Beach, California 90254 is currently available with a list price of $6,999,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Hermosa Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.

Condition Analysis

OVERALL CONDITION SCORE

Tear down
TeardownExcellent

Property is land value only, full reconstruction required.

The property was built in 1913, making it over 100 years old. While some cosmetic updates like flooring, kitchen cabinets, and paint have been done, the listing description explicitly states the existing structure is 'outdated' and 'likely requires extensive renovation or a complete tear-down.' The property analysis further emphasizes that the 'value is in the land and location,' implying that buyers will 'need to budget for significant new construction or a comprehensive overhaul.' The presence of new construction renderings in the image gallery reinforces the expectation that the existing structure is not the primary asset. The bathrooms are dated, and the heating/cooling systems appear to be non-central (wall units, portable AC), indicating a lack of major system updates. Therefore, despite being cosmetically livable, the property's value is clearly based on the land and its redevelopment potential, aligning with the 'tear-down' criteria.

PROSSTRENGTHS & OPPORTUNITIES

  • Great Schools

    Elementary School: Hermosa View Elementary School (10/10). Middle School: Manhattan Beach Middle School (9/10). High School: Mira Costa High School (9/10).

  • Unparalleled Oceanfront Location

    Directly situated on The Strand in Hermosa Beach, offering rare and highly coveted oceanfront access and views, a finite and irreplaceable asset.

  • Exceptional Panoramic Views

    Boasts stunning panoramic views of the Pacific Ocean, Hermosa Pier, and opportunities to observe marine life and events like pro volleyball from the property.

CONSRISKS & DEFICIENCIES

  • Low Available Lot Utilization

    The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 2398, living area = 1716.

  • Age of Existing Structure

    The current dwelling was built in 1913, indicating an outdated structure that likely requires extensive renovation or a complete tear-down.

  • Implied Need for New Construction/Major Renovation

    The listing description strongly suggests the value is in the land and location, implying that buyers will likely need to budget for significant new construction or a comprehensive overhaul of the existing home.

About 1614 The Strand

Have you always dreamed of building a home (or second home) on The Strand, only to watch prices drift higher and higher? Well, here is the opportunity to experience oceanfront living just a comfortable walk from the Pier and downtown, at a price that may surprise you. Imagine watching Pro Volleyball from your balcony, as you sip your favorite beverage- watching sailboats and surfers, dolphins and more, at sunset in the orange glow of days’ end. And on a balmy autumn afternoon, whitewater washing the shore in the final glint of daylight as you stare one more time looking for the green flash of the sun as it dips below the horizon. God ain’t making any more ocean front property here. The existing structure is a 1913 dwelling with 4 bedrooms. This is in the 30 foot height area of The Strand, making for three floors on grade, and better top floor views, as well as a roof deck! This location, just north of the Pier, is ideal due to the walkability to restaurants. Yet, still far enough away to stay quiet at night. It’s a unique life at the beach, and you deserve it!

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1913
Lot Size
2,398 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
4 (4 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Hermosa Beach Unified Schools

Hermosa View Elementary School

Grades K-3 • 0.7 mi

10/10

Opal Robinson Elementary School

Grades K-5 • 0.9 mi

9/10

Hermosa Valley Elementary School

Grades 4-8 • 0.4 mi

8/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths4.02.0
65%
Square foot1,7162,172
41%
Lot Size2,3982,847
24%
Price$7.00M$2.42M
86%
Price per sq ft$4.1K$1.3K
95%
Built year19131965
8%
HOA$0$0
50%
Days on market539171
0%

Pricing History

Listed for Sale

Sep 13, 2024

$6,999,000

Initial Listing

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