20 22nd Street
Hermosa Beach, CA 90254
0.08 acres | #SB24252047
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
- InteriorMultipleStaircases
- Lot DescriptionTwoToFiveUnitsAcre
- Utility FeaturesSewerConnected
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$7,400,000
- MLS #SB24252047
- MLS #SB24252047
- Property SubtypeApartment
- Cost7400000
- Acres0.0757
- Utility SourcePublic
- ViewOcean
- Year Built1959
- Stories2
- Parking Spaces4
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: William Joseph (#SBJOSEWIL)
Listing Office: Joseph Group (#SB1372420)
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