20 22Nd Street, Hermosa Beach, CA 90254
-
Listed Price :
$6,975,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1959
Property Description
Rarely does one of the crown jewels of Hermosa Beach multifamily become available with $355,020 in pro forma annual gross income and $246,263 in pro forma net income (3.53% 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. Current actual income includes pro forma for units D and E.
Interior Features
| Laundry Information |
| Location(s) |
Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Inside |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Interior Information |
| Features |
Multiple Staircases |
| Cooling Type |
Central Air |
Listing Information
| Address |
20 22Nd Street |
| City |
Hermosa Beach |
| State |
CA |
| Zip |
90254 |
| County |
Los Angeles |
| Listing Agent |
William Joseph DRE #01934991 |
| Co-Listing Agent |
Dunham Stewart DRE #01006738 |
| Courtesy Of |
Joseph Group |
| List Price |
$6,975,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Apartment |
| Structure Size |
N/A |
| Lot Size |
3,296 |
| Year Built |
1959 |
Listing information courtesy of: William Joseph, Dunham Stewart, Joseph Group. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 11th, 2025 at 3:10 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
