20 22Nd Street

Hermosa Beach, CA 90254

$6,975,000

List Price

7

bed Beds

6

shower Baths

3,646 sqft

straighten / sqft

1959

calendar_month Built

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.

Listing Information

List Price $6,975,000
Status Active
MLS SB25008552
HOA $0
Type Residential
Subtype Single Family Residence
Year Built 1959
Lot Size 3,296
Structure Size 3,646
DOM 3
Courtesy Of Joseph Group
Listing Agent William Joseph DRE#01934991
Co-Listing Agent Dunham Stewart DRE#01006738

Interior Features

Laundry Information
Location(s) Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Total Bedroom
Bedrooms 7
Total Bathroom
Bathrooms 6
Fireplace Information
Features None
Additional Information
Additional Features Multiple Staircases
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: William Joseph, Dunham Stewart, Joseph Group 310-415-4655. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 21st, 2025 at 10:56 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.