Listing by: William Joseph, Joseph Group, 310-415-4655
7 Beds
6 Baths
3,646SqFt
Active
5 UNIT SAND SECTION APARTMENT BUILDING - Rarely does one of the crown jewels of Hermosa Beach multifamily become available with $355,020 in pro forma annual gross income and $246,263 in pro forma net income (3.53% 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.
Property Details | ||
|---|---|---|
| Price | $6,975,000 | |
| Bedrooms | 7 | |
| Full Baths | 6 | |
| Total Baths | 6 | |
| Property Style | Contemporary | |
| Lot Size Area | 3296 | |
| Lot Size Area Units | Square Feet | |
| Acres | 0.0757 | |
| Property Type | Residential | |
| Sub type | SingleFamilyResidence | |
| MLS Sub type | Single Family Residence | |
| Stories | 2 | |
| Features | 2 Staircases | |
| Exterior Features | Sidewalks | |
| Year Built | 1959 | |
| View | Ocean | |
| Waterfront | Beach Access | |
| Heating | Central | |
| Lot Description | 2-5 Units/Acre | |
| Laundry Features | Common Area,Gas & Electric Dryer Hookup,Gas Dryer Hookup,Inside | |
| Pool features | None | |
| Parking Description | Built-In Storage,Attached Carport | |
| Parking Spaces | 10 | |
| Garage spaces | 7 | |
| Association Fee | 0 | |
Geographic Data | ||
| Directions | Between Hermosa Avenue and The Strand | |
| County | Los Angeles | |
| Latitude | 33.868951 | |
| Longitude | -118.40384 | |
| Market Area | 148 - Hermosa Bch Sand | |
Address Information | ||
| Address | 20 22nd Street, Hermosa Beach, CA 90254 | |
| Postal Code | 90254 | |
| City | Hermosa Beach | |
| State | CA | |
| Country | United States | |
Listing Information | ||
| Listing Office | Joseph Group | |
| Listing Agent | William Joseph | |
| Listing Agent Phone | 310-415-4655 | |
| Attribution Contact | 310-415-4655 | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
| Special listing conditions | Standard | |
| Ownership | None | |
School Information | ||
| District | Hermosa | |
MLS Information | ||
| Days on market | 1 | |
| MLS Status | Active | |
| Listing Date | Jan 18, 2025 | |
| Listing Last Modified | Jan 20, 2025 | |
| Tax ID | 4182004008 | |
| MLS Area | 148 - Hermosa Bch Sand | |
| MLS # | SB25008552 | |
This information is believed to be accurate, but without any warranty.