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For Sale

20 22nd Street

20 22nd Street, Hermosa Beach, CA 90254

$7,400,000
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.

3,646 Sq.Ft. LIVING AREA

3,296 Sq.Ft. lot

Will Joseph

Will Joseph

FEATURES & AMENITIES

Interior

  • Laundry room Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Inside
  • other interior Features Multiple Staircases

Area & Lot

  • Status For Sale
  • Living Area3,646 Sq.Ft.
  • Lot Area3,296 Sq.Ft.
  • MLS® IDSB24252047
  • TypeCondo
  • YEAR BUILT1959
  • NeighborhoodHermosa Beach
  • Architecture StylesContemporary
  • Water FrontageBeach Access
  • View DescriptionOcean

Exterior

  • STORIES2
  • Garage Space4.0
  • water SourcePublic
  • utilitiesSewer Connected
  • PoolNone
  • lot features2-5 Units/Acre
  • parkingAttached Carport, Storage
  • HEAT TYPECentral
  • AIR CONDITIONINGCentral Air
  • sewerPublic Sewer

Financial

  • Sales Price$7,400,000
  • Maintenance Fee $8,086/mo
  • Zoning HBC1*
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SCHEDULE A SHOWING

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 20 22nd Street, Hermosa Beach, CA 90254. We are reviewing your request and will be in touch shortly!
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Joseph Group has a proven track record in working with families and individuals to help make each transition and transaction as smooth as possible all the while maintaining the highest level of professionalism. Contact us today to find out how we can be of assistance to you!

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JOSEPH GROUP

Will Joseph | CA DRE# 01934991

Phone

(310) 956-2996

Email

[email protected]

Rachel Joseph | CA DRE# 01929140

Phone

(310) 956-2996

Email

[email protected]

Address

PO Box 3074 Manhattan Beach, CA 90266

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