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$7,400,000
3 Days On Site

20 22nd Street
Hermosa Beach, CA 90254

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
3,646
SqFt
$2,030
/SqFt
1959
Built
County:
Los Angeles
Listed by William Joseph of Joseph Group [email protected]

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20 22nd Street20 22nd Street20 22nd Street20 22nd Street
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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.

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Listing Snapshot
Price 
$7,400,000
Days On Site 
3 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,646 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.0757 Acres
Year Built 
1959
MLS® Number 
SB24252047
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoStatus changed to Active
3 days agoListing updated with changes from the MLS®
4 days agoListing first seen on site
General Features
Acres 
0.0757
Carport 
3
Garage 
Yes
Garage Spaces 
4
Number Of Stories 
2
Parking 
Attached CarportStorage
Parking Spaces 
7
Property Condition 
Updated/Remodeled
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
3646
Stories 
Two
Style 
Contemporary
Utilities 
Sewer Connected
Water Source 
Public
Zoning 
HBC1*
Interior Features
Cooling 
Central Air
Heating 
Central
Laundry Features 
Common AreaElectric Dryer HookupGas Dryer HookupInside
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Exterior Features
Pool Features 
None
Spa Features 
None
View 
Ocean
Waterfront Features 
Beach Access
Waterview 
Ocean
Community Features
Building Access 
First floor
Community Features 
Sidewalks
Financing Terms Available 
CashConventionalContract
MLS Area 
148 - Hermosa Bch Sand


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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