$7,400,000 For Sale
20 22nd Street, Hermosa Beach, CA 90254
- -Beds
- -Baths
- -sqft
- 3,297sqft Lot
- Beds
- Baths
- sqft
- 3,297 sqft lot
$7,400,000 For Sale
20 22nd Street, Hermosa Beach, CA 90254
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.
Date | Event | Price |
---|---|---|
12/20/2024Source: CRMLS #SB24252047 | Listed for Sale | $ 7,400,000 |