S W E E T D I G S | 2 2 0 8 T H E S T R A N D
no shared walls, Dugan points out. Each
of the four units has its own unique beach
perspective and, unlike most Strand prop-
erties, there are four, full-fledged oceanview
levels, instead of the usual three. "The
units check a lot of those lifestyle boxes that
people living on the Strand desire," he adds.
In a time when traditional housing, from
its concept to look, is being re-organized
and re-visioned, this property presents a
flexible canvas for living and investing. Or
doing both. "The property currently has
longtime tenants and a monthly cash
flow of $36,000," points out Dugan. One
might also utilize the four units for other
purposes. Vacation rentals. Living in one
unit while renting the others. Or recon-
figuring the unit distribution to create an
even larger owner's unit while keeping the
remaining ones as rentals.
He also notes—for those potentially
interested in building a portfolio of Strand
investment properties—that the seller, an
investor with multiple properties along the
Strand, would also consider this property as
part of a larger Strand acquisition, consisting
of additional properties not yet on the market.
Back at 2208 The Strand, the agent
explains: "There are four separate units,
which come out to about $3.6 million per
unit. However, if these were sold as condos
they'd be a lot higher in value." The Strand
being a place where properties can reach
the 30-million range, points out Dugan, this
property is priced scarcely above lot value.
Yet with its uber-plum location, ocean views
from every floor and option to serve as an
income or an owner-occupied property, it
becomes an even more rare find. "I think
it's one of those properties that, once sold,
buyers on the sideline will think of it as the
one that got away," states Dugan. "There
just aren't many opportunities like this one."
"I think it's one of those properties
that, once sold, buyers on the
sideline will think of it as the one
that got away," states Dugan.
Santa Monica Mountains to Palos Verdes.
Indoors, an open-plan design encompasses
main living spaces: You can dine and gather
over ocean views, whether in the kitchen or
while lounging in the fireplaced living room.
Privacy is another factor. Since each
residence occupies its own floor, there are
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