20 22nd Street
Hermosa Beach, CA 90254
3646 sqft | 7 beds | 6 baths | 0.08 acres | #SB25008552
Description
Rarely does one of the crown jewels of Hermosa Beach multifamily become available with $357,348 in pro forma annual gross income and $248,498 in pro forma net income (3.56% 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. Current rent roll reflects $26,225 per month with pro forma income for Unit E.
Property Details
- Property SubtypeSingleFamilyResidence
- InteriorMultipleStaircases
- Lot DescriptionTwoToFiveUnitsAcre
- Utility FeaturesSewerConnected
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$6,975,000
- MLS #SB25008552
- MLS #SB25008552
- Property TypePurchase
- School DistrictHermosa
- Cost6975000
- Acres0.0757
- Utility SourcePublic
- ViewOcean
- Structure TypeHouse
- Square Feet3646
- Year Built1959
- Bedrooms7
- Bathrooms6
- Full Baths6
- Stories2
- Parking Spaces7
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: William Joseph (#SBJOSEWIL)
Listing Office: Joseph Group (#SB1372420)
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