Listing date: 2024-12-20, Last update: 2025-01-01

$7,400,000 For Sale

20 22nd Street, Hermosa Beach, CA 90254

  • -Beds
  • -Baths
  • -
    sqft
  • 3,297
    sqft Lot
  • Beds
  • Baths
  • sqft
  • 3,297 sqft lot
Property Highlight
Year built
1959
Listed for
13 days
Price / Home Size
$ - / sqft
Parking
7
HOA
$0 / mo
A/C
Central Air
Home Type
Apartment(Attached)
View
Ocean
    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 Provided Agent
  • • Name: William Joseph
  • • DRE: 01934991
  • • Email: will@josephgrp.com
  • • Phone: -
Listing Provided Office
  • • Name: Joseph Group
  • • Email: rachel@josephgrp.com
  • • Phone: 310-956-2996
Co-Listing Agent
  • • Name: Dunham Stewart
  • • DRE: 01006738
  • • Email: dunham.stewart@vistasir.com
  • • Phone: 310-546-7611
Co-Listing Office
  • • Name: Vista Sotheby’s International Realty
  • • Email: -
  • • Phone: 310-546-7611
Source
  • • CRMLS #SB24252047crmls logo
Local Information
Home Details for 20 22nd Street
Interior
Features
  • Multiple Staircases
  • Common walls: Two Common Walls Or More
Appliances
  • Laundry: Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Bathrooms
Bedrooms
Heating & Cooling
  • Heating: Central
  • Cooling: Central Air
Exterior
Features
  • Home Type: Multifamily
  • New Construction: No
  • Levels: Two
  • Stories: 2
  • Entry Level: 1
  • Entry Location: First floor
  • View: Ocean
Parking & Garage
  • # of Parking spaces: 7
  • Parking features: Attached Carport, Storage
  • Garage Spaces: 4
Lot
  • Size: 3,297 sqft
  • Size source: Assessor
  • Elevation Unit: Feet
Details
  • Parcel Number: 4182004008
  • Architectural Style: Contemporary
  • Special Condition: Standard
  • Property Condition: Updated Remodeled, Turnkey
  • # of Total unit: 5
  • Common Interest: Community Apartment
Utilities
Utilities
  • Sewer Connected
  • Water: Public
  • Sewer: Public Sewer
Community & HOA
Community
  • Sidewalks
HOA
Property Financial History
DateEventPrice
12/20/2024Source: CRMLS #SB24252047
Listed for Sale
$ 7,400,000
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