20 22nd Street

Hermosa Beach, CA 90254

  • 0 Bed(s)
  • 0 Bath(s)
  • 3,646 Sqft
  • 3296
    Sqft(Lot)
$6,975,000

Description

Rarely does one of the crown jewels of hermosa beach multifamily become available with $355,020 in pro forma annual gross income and $246,263 in pro forma net income (3.53% 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. current actual income includes pro forma for unit e.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Contemporary

  • AD ID

    48144119

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Interior Features: Multiple Staircases

    Cooling Features

    • Central Air
    • Air Conditioning

    Heating Source

    • Central
    • Has Heating

  • Building Information

    • Year Built: 1959
    • Building Area Total: 3,646

    Pool Features

    • None

    Laundry Features

    • Common Area,Electric Dryer Hookup,Gas Dryer Hookup,Inside

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.0757
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 3296

  • Listing Price Information

    • Original List Price: 6,975,000
    • Listing Contract Date: 2024-12-20

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4182004008

  • Garage and Parking

    • Garage Description: Attached Carport,Storage

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 148 - Hermosa Bch Sand
    • Postal Code Plus 4: 2500
    • Directions: Between Hermosa Avenue and The Strand
    • Zoning: HBC1*
    • Source Property Type: Residential Income
    • Area: 148 - Hermosa Bch Sand
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 66
    • Common Walls: 2+ Common Walls
    • Property Condition: Updated/Remodeled,Turnkey
    • Structure Type: Apartment
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: First floor
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 01/21/2025 @ 02:41

  • MLS: SB24252047
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 3,646 sqft, 3,296 sized lot, and 4 parking. A comparable Other, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Hermosa Beach , in zip code 90254, this Los Angeles County Other are nearby neighborhoods.