Active
20 22nd ST
HERMOSA BEACH CA, 90254
$7,400,000
$2,029.62 per sqft
Active
7 Beds
6 Baths
3,646 sqft
Multi-family
Built in 1959
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.
SB24252047MR
MLSⓇ ID
December 20, 2024
Listed
December 21, 2024
Updated
Map
20 22nd ST
HERMOSA BEACH CA, 90254
Interior Features
Total Stories
2
Bedrooms
7
Total Bathrooms
6
Laundry Description
Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Inside, Laundry Area
Fireplace
No
Cooling
Yes
Cooling Description
Central
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.08 Acres
Architectual Style
Contemporary
Sewer
Public Sewer
Other Property Details
Area Name
Hermosa Beach Sand
Garage
Yes
Garage Spaces
4
Parking
Built-In Storage
Parking Total
7
View
Yes
View Description
Ocean
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
HBC1*
Listed by William Joseph with Joseph Group
Listing Contact: 310-415-4655
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor May-Ann Fisher | CA DRE# 01972930 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 12/21/2024
