Hermosa Beach, CA 90254,20 22nd Street
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Hermosa Beach, CA 90254,20 22nd Street
Hermosa Beach, CA 90254,20 22nd Street
Hermosa Beach, CA 90254,20 22nd Street
Hermosa Beach, CA 90254,20 22nd Street
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Listed by William Hill Joseph • Joseph Group
$ 6,975,000
Est. payment /mo
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Price Dropped by $425K

20 22nd Street Hermosa Beach, CA 90254

3,646 SqFt


UPDATED:

01/22/2025 12:16 AM

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,646 sqft

Price per Sqft $1,913

MLS Listing ID SB-24252047

Style Contemporary

Year Built 1959

Lot Size 3,296 Sqft

Property 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.

Location

State CA

County Los Angeles

Zoning HBC1*

Interior

Interior Features 2 Staircases

Heating Central

Cooling Central Air

Laundry Common Area, Gas & Electric Dryer Hookup, Gas Dryer Hookup, Inside

Exterior

Parking Features Attached Carport, Built-In Storage

Garage Spaces 4.0

Pool None

Community Features Sidewalks

Utilities Available Sewer Connected

View Y/N Yes

View Ocean

Building

Lot Description 2-5 Units/Acre

Sewer Public Sewer


agent

Tina Lucarelli

Advisor | License ID: 02102354

+1(310) 738-8089

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20 22nd Street