20 22nd Street
$7,400,000
7
6
3,646
3,646
$2,030
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...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.
- Listed by William Joseph • DRE #01934991 • Brokerage DRE #01929140 • Joseph Group • 310-415-4655
- Listed by Dunham Stewart • DRE #01006738 • Brokerage DRE #01922362 • Vista Sotheby’s International Realty
Property Details for 20 22nd Street
Architectural Style
Contemporary
ViewOcean
Parking Spaces Total7
Private PoolNo
Cooling TypeCentral Forced Air
Total Units5.0
Building TypeAttached
Lot Size SourceAssessor
LISTING UPDATED: 12/20/2024 09:18 AM
Property Details for 20 22nd Street
Status | Active |
---|---|
MLS # | SB24252047 |
Days on Market | 9 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1959 |
County | Los Angeles County |
Building Information for 20 22nd Street
Building/Complex20 22nd StFloor-Stories2Residences-Pet Policy-Year Built1959Building Size-
Property Information for 20 22nd Street
Property History for 20 22nd Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 20 22nd Street
Taxable ValueLand$1,596,020Additions$661,750Total$2,257,770
Tax Record2024$25,573 ($2,131 / month)
Home Facts
Total Finished SqFt3,646 SqFtAbove Grade Finished SqFt3,646 SqFtLot Size3,296 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningHBC1*CountyLOS ANGELESAPN4182-004-008
Schools near 20 22nd Street
This home is within Hermosa Beach City Elementary School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | 5 to 8 | |||
Public - | K to 2 | |||
Private - | K to 12 | |||
Private - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Hermosa Valley Elementary School Public5 to 8 | ||
Hermosa View Elementary School PublicK to 2 | ||
Hope Chapel Academy PrivateK to 12 | ||
Fusion Academy Sb: South Bay Private6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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