$7,400,000
20 22nd Street
Hermosa Beach, CA, 90254
Property Description
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.
Property Details
Price:
$7,400,000
MLS #:
SB24252047
Status:
Active
Baths:
0
Address:
20 22nd Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
148hermosabchsand
City:
Hermosa Beach
Listed Date:
Dec 20, 2024
State:
CA
ZIP:
90254
Lot Size:
3,296 sqft / 0.08 acres (approx)
Year Built:
1959
Schools
Interior
Cooling
Central Air
Heating
Central
Interior Features
2 Staircases
Exterior
Community Features
Sidewalks
Garage Spaces
4.00
Lot Features
2-5 Units/ Acre
Parking Features
Built- In Storage, Attached Carport
Parking Spots
7.00
Pool Features
None
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
Ocean
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, Gas
Utilities
Sewer Connected
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Courtesy of Joseph Group. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 20 22nd Street
Hermosa Beach, CA
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