20 22Nd Street

Hermosa Beach, CA 90254

$7,400,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1959

calendar_month Built

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.

Listing Information

List Price $7,400,000
Status Active
MLS SB24252047
HOA $0
Type Residential Income
Subtype Apartment
Year Built 1959
Lot Size 3,296
Structure Size N/A
Courtesy Of Joseph Group
Listing Agent William Joseph DRE#01934991
Co-Listing Agent Dunham Stewart DRE#01006738

Interior Features

Laundry Information
Location(s) Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Additional Information
Additional Features Multiple Staircases
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: William Joseph, Dunham Stewart, Joseph Group 310-415-4655. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 21st, 2024 at 1:18 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.