20 22Nd Street
Hermosa Beach, CA 90254
$1,401,000.00 (-18.93%)
Active for $5,999,000
Beds: N/A Baths: N/A Structure Size: N/A sqft Lot Size: 3,296 sqft
| MLS | SB24252047 |
| Year Built | 1959 |
| Property Type | Apartment |
| County | Los Angeles |
| Status | Active |
| Active | $5,999,000 |
| Structure Size | N/A sqft |
| Lot Size | 3,296 sqft |
| Beds | N/A |
| Baths | N/A |
Description
JUST REDUCED by $976,0000 this Class A 5-unit apartment building sits one off Hermosa Beach Strand. With $357,348 in pro forma annual gross income and $258,921 in pro forma net income (4.3% cap rate). This is high-end trophy asset has 7 parking spots and 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. This high-end luxury building offers a turnkey investment opportunity in one of the most exclusive neighborhoods within the South Bay.
Listing information courtesy of: William Joseph, Joseph Group 310-415-4655. *Based on information from the Association of REALTORS/Multiple Listing as of 02/12/2025 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.
Location
Contact a Local Realtor®
Vy Nguyen
REALTOR®
Direct: 661.714.1934
Email: Email Me
DRE: 02235346
DRE #01873088
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