20 22Nd Street
Hermosa Beach, CA 90254
Active for $7,400,000
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 | $7,400,000 |
| Structure Size | N/A sqft |
| Lot Size | 3,296 sqft |
| Beds | N/A |
| Baths | N/A |
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.
Listing information courtesy of: William Joseph, Joseph Group 310-415-4655. *Based on information from the Association of REALTORS/Multiple Listing as of 01/10/2025 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®
Souren Kasparian
REALTOR®
Direct: 818.653.7872
Email: Email Me
DRE: 02199250
DRE #01873088
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