Iconic Hermosa Strand House Sells
All good things must come to an end. One historic, old Strand home in Hermosa Beach is the latest proof.
1942 The Strand has just sold for $15.000M. Not that the 102-year-old, rambling, shingled home was worth too much as-is.
That, apparently, is the value of two Strand lots these days in a prime Hermosa Beach waterfront location.
The 6630 sqft. corner lot fronting the 20th St. walkstreet and The Strand can be, and will be, divided in two.
One lot is said to be slated for a vacation home for an LA-area resident, while the second lot will be developed by a local builder.
Read more about the sale in this Easy Reader magazine story about the sale.
The property was last sold 48 years ago, in 1967... for $58,000. That's just 0.4% of the price it just sold for.
At a bankruptcy auction, there was just one bidder way-back-when for the waterfront house. Today, who wouldn't want it, if the price of entry weren't sky high? Heck, to get a deal done, they really needed two buyers this year.
See more views and even aerial angles of the property here by viewing the listing online.