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New
20 22nd ST Hermosa Beach, CA 90254
3,296 Sqft Lot
UPDATED:
12/21/2024 12:21 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB24252047
Style Contemporary
Originating Board California Regional MLS
Year Built 1959
Lot Size 3,296 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area 148 - Hermosa Bch Sand
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Gas Hookup, Laundry Area, Other, 38
Exterior
Parking Features Storage - RV, Carport
Garage Spaces 7.0
Pool 31, None
View Ocean
Building
Water District - Public
Architectural Style Contemporary
Others
Tax ID 4182004008
Special Listing Condition Not Applicable
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Listed by William Joseph • Joseph Group