1300 The Strand - The Beach House Hermosa - 301 sells at $650,000

One of the more notable sales in Hermosa Beach during December was the rare sale of a condo/hotel unit at the highly sought after Beach House Hermosa.  This beachfront hotel is always in demand and ownership ofers a really unique situation.

The unit that sold, #301 actually faces east so it doesn’t have any sort of beach views and is definitely not ocean front but the price is still very appealing given that beach front units are in the $1.2M range.  We’re not sure of the full situation as the same realtor represented both the buyer and the seller and it sold for $50K below the list price after just a week on the market.

The Beach House is a VERY unique ownership opportunity as it’s not a timeshare but full ownership of a specific unit. The proceeds from rentals are split between the hotel and the owner 50/50.   Owners can stay in their condo up to 90 days a year with the rest being required to make available for rent through the hotel.  This was the agreement made with the California Coastal Commission when built to ensure public “access” to the beach for non-owners.  The only other property in our area that is similar is Terranea resort in Palos Verdes in which people own the Casitas.

Read more on our Beach House Hermosa information page.

1300 The Strand #301 Beach Facts and Features

  • Studio
  • 1 bathroom
  • 439 square feet
  • Beachfront building but not beachfront unit
  • Built in 1998
  • $1,054 monthly HOA
  • Listed by Steve Schloeder – Bonanza Realty – 310-327-0555
  • Sold at $650,000
Contact South Bay real estate specialist Keith Kyle with Vista Sotheby’s International to sign up for free listing alerts when similar homees hit the market.

1300 The Strand #301, Hermosa Beach, CA 90277 – Sold at $650,000

Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

ARE YOU INTERESTED

IT'S TIME TO DISCOVER

Hermosa Beach

Vista Sotheby's

Vista Sotheby’s International Realty is one of the top real estate firms in Southern California with local expertise and a global and national reach.

ADDRESS:

423 25th Street, Hermosa Beach CA 90254

Phone:

310.251.2344

E-mail:

keith@keithkylehomes.com

CONTACT AGENT

Top Producing Realtor

Keith Kyle

DRE #01712785

Hermosa Beach Home Search All rights reserved. Information deemed reliable but not guaranteed