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Property Description

Rarely does one of the crown jewels of Hermosa Beach multifamily become available with pro forma of over $355,020 in adjusted annual gross income and $241,752 in pro forma net income (3.27% 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.

Features
: Central
: Central Air
: Ocean
2
1
: Gas & Electric Dryer Hookup, Inside, Common Area, Gas Dryer Hookup
0
: Sidewalks
: Contemporary
Additional Information
Joseph Group
0
SBJOSEWIL
SB1372420
William
4182004008
: Standard
4
Two
35

Multi-Family For Sale

20 22nd Street, Hermosa Beach, California 90254

3,646 Sqft
$7,400,000
Listing ID #SB24252047
Basic Details
Status : Active
DaysOnMarket : 17
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : SB24252047
Price : $7,400,000
Living Area : 3,646 Sqft
Lot Size : 3,296 Sqft
Year Built : 1959
Country : US
State : California
County : Los Angeles
City : Hermosa Beach
Zipcode : 90254
Price Per Square Foot : $2,030
Water front Features : Beach Access
ModificationTimestamp : 2025-01-06 21:08:21
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