$7,400,000
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20 22nd Street Hermosa Beach, CA 90254
Apartment
Residence
Beds
Baths
3,646
Sq. Ft.
0.08
Acre
Lot
Property Activity
Time on Site
days
Days on Market
Views
Saves
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.
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MLS#
SB24252047
Property Type
Apartment
Status
Year Built
1959
Square Feet
3,646
sq. ft
Lot Size
0.08
Stories
2.0
Sewer
Sewer Connected, Public Sewer
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