Property Details
About this Property
Rarely does one of the crown jewels of Hermosa Beach multifamily become available with pro forma of over $360,000 in annual gross income and $247,752 in pro forma net income (3.35% 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.
MLS Listing Information
MLS #
CRSB24252047
MLS Source
California Regional MLS
Days on Site
4
Interior Features
Appliances
Other
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Style
Contemporary
Parking, School, and Other Information
Garage/Parking
Carport, Storage - RV, Garage: 4 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
William Joseph
Joseph Group
License #: 01934991
Phone: (310) 415-4655
Co-Listing Agent
Dunham Stewart
License #: 01006738
Phone: (310) 200-5283
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 3 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
20 22nd St is a Residential Income in Hermosa Beach, CA 90254. This – square foot property sits on a 3,296 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $7,400,000 and was built in 1959. This address can also be written as 20 22nd St, Hermosa Beach, CA 90254.
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This listing information is up-to-date as of December 21, 2024. For the most current information, please contact William Joseph, (310) 415-4655
