90254 Homes with Own Your Own Subtype

90254 Homes with Own Your Own Subtype

Located in Hermosa Beach, California, the zip code 90254 offers a vibrant and sought-after real estate market. Situated in Los Angeles County, this coastal city is known for its stunning beaches, lively atmosphere, and a strong sense of community.

One of the interesting aspects of the real estate market in 90254 is the availability of homes with the Own Your Own (OYO) subtype. OYO properties are a unique type of ownership where residents own shares in a corporation that owns the entire building. This subtype offers an affordable alternative to traditional homeownership, making it an attractive option for many buyers.

Homes with the OYO subtype in 90254 provide residents with the opportunity to enjoy the benefits of homeownership, such as building equity and personalizing their living space, while also benefiting from shared expenses and maintenance responsibilities. This type of ownership is particularly popular in areas where land is scarce or expensive.

In addition to the OYO subtype, homes in 90254 come in a variety of styles and sizes, ranging from charming beach cottages to modern luxury residences. With its prime location near the beach, residents can enjoy breathtaking ocean views, easy access to water activities, and a laid-back coastal lifestyle.

Whether you're looking for a cozy beachfront retreat or a spacious family home, the real estate market in 90254 offers a diverse range of options to suit different tastes and budgets. With its desirable location, vibrant community, and unique homeownership opportunities, this zip code is undoubtedly an attractive destination for those seeking the perfect coastal living experience.

Newest 90254 Homes with Own Your Own Subtype

$8,700,000
11 Beds ⋅ 7 Baths ⋅ 26727331 MLS ⋅ Active Status
Welcome to 1836 The Strand, an exceptional beachfront 5-unit property located in highly sought-after North Hermosa Beach. In addition to its outstanding long-term investment fundamentals, this property may offer a compelling short-term rental opportunity with the potential for significant cash flow. Inquire for estimated short-term rental income projections.Very rarely does one encounter an opportunity to acquire a "to the studs" fully remodeled property spanning 3,908 sq.ft., 11 bedrooms and 7 bathrooms, under $9M on this prime stretch of The Strand. Fully renovated from top to bottom, this property showcases meticulous attention to detail, including all visible elements, plumbing, electrical and more. Grandfathered beyond current building restrictions, this property stands taller and wider than what is now permitted for new construction, offering uniquely breathtaking ocean views from four of the five units.Wake up to the soothing rhythm of the waves and panoramic ocean views stretching from Malibu to Catalina Island. Unmatched in its prime location, 1836 The Strand provides the epitome of the Southern California beachfront lifestyle, ideally located between the Pier with its vibrant restaurants, shops, and cafes, and 22nd Street with iconic Martha's Cafe and the Bottle Inn.This remarkable income property offers excellent investment potential, offered under $1.8M per unit well below Hermosa Strand condo values. 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. Investors may also explore the property's potential as a high-income short-term rental asset, capitalizing on its irreplaceable beachfront location and flexible unit mix. Estimated income projections available upon request.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, income potential, 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 do not miss this chance to own a piece of the coveted Strand lifestyle.

1836 The Strand, Hermosa Beach
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.