Active
20 22nd Street
Hermosa Beach CA, 90254
$7,400,000
$2,029.62 per sqft
Active
3,646 sqft
Condos
Built in 1959
Listed by William Joseph with Joseph Group 310-415-4655
Rarely does one of the crown jewels of Hermosa Beach multifamily become available with pro forma of over $360,000 in annual gross income and $247,752 in pro forma net income (3.35% cap rate). Just one home off the Hermosa Beach Strand, this high-end luxury 5-unit trophy asset consists of: (1) 2-Bed/2-Bath unit with an OCEAN VIEW, (1) 2-Bed/1-Bath unit that has an amazing patio and OCEAN VIEW as well as (3) 1-Bed/1-Bath units. The building features 7 parking spots, 4 of which are garage parking. This high-end luxury building offers a turnkey investment opportunity in one of the most exclusive neighborhoods within the South Bay. Currently, the 2-bed/1-bath unit and one 1-bed/1-bath units are being left vacant for the next owner. Actual financials include pro forma for each vacant unit.
SB24252047
MLSⓇ ID
December 20, 2024
Listed
December 21, 2024
Updated
Map
20 22nd Street
Hermosa Beach CA, 90254
Interior Features
Total Stories
2
Interior Features
Multiple Staircases
Laundry Description
Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.08 Acres
Lot Features
2-5 Units/Acre
Architectual Style
Contemporary
Sewer
Public Sewer
Other Property Details
Area Name
148 - Hermosa Bch Sand
Garage
Yes
Garage Spaces
4
Parking
Attached Carport, Storage
Parking Total
7
View
Yes
View Description
Ocean
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Waterfront
Yes
Zoning
HBC1*
Listing Contact: 310-956-2996
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Data last updated on 12/21/2024 at 1:51 AM UTC