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20 22nd Street

Hermosa Beach, CA 90254

– beds
– baths
– sqft
3,296 sqft lot
1959 build
– on site

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 CRMLS_CA / William Joseph / Joseph Group / 310-415-4655

Last checked: Checking… • Last updated Dec 21, 2024 •

MLS# SB24252047 —

The Building

Year Built:

1959
Year Built Source:

Public Records
New Construction:

No
Building Area Total:

3646.00
Building Area Units:

Square Feet
Total Number Of Units:

5
# of Buildings:

1
Architectural Style:

Contemporary
Stories Total:

2
Entry Level:

1
Number With Patio:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

5
# of Separate Water Meters:

1
# of Separate Electric Meters:

5

Interior

Features:

2 Staircases
Levels:

Two
Entry Location:

First floor
Laundry:

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

1

Location

Directions:

Between Hermosa Avenue and The Strand
Latitude:

33.86895100
Longitude:

-118.40384000

The Property

Property Type:

Residential Income
Subtype:

Apartment
Property Condition:

Turnkey, Updated/Remodeled
Zoning:

HBC1*
Lot Features:

2-5 Units/Acre
Lot Size Area:

3296.0000
Lot Size Acres:

0.0757
Lot Size SqFt:

3296.00
Lot Size Source:

Assessor
View:

1
View:

Ocean
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

22
Tax Census Tract:

6210.05
Tax Tract:

621...
Tax Lot:

8

The Listing

Special Listing Conditions:

Standard
Parcel Number:

4182004008

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Utilities:

Sewer Connected
Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Sidewalks
Association:

No
Pool:

None
Waterfront Features:

Beach Access
Senior Community:

No
Private Pool:

No
Spa Features:

None

Parking

Parking:

Yes
Parking:

Built-In Storage, Attached Carport
Parking Spaces:

7.00
Garage Spaces:

4.00
Carport Spaces:

3.00

Extra Units

Number With Dishwasher:

5
Number With Refrigerator:

5

Explore the Area

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Sale history

Date	Event	Source	Price	% Change
12/20/24 Dec 20, 2024	Listed / Active	CRMLS_CA	$7,400,000

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This multifamily located in Hermosa Beach, CA 90254 is currently for sale for $7,400,000. 20 22nd Street is a – square foot multifamily with – beds and – baths that has been on Estately for 4 days. This multifamily is in the attendance area of Hermosa View Elementary School and Hermosa Valley Elementary School.

Listing Courtesy of: CRMLS_CA and Joseph Group. Based on information from California Regional Multiple Listing Service, Inc. as of 10:47 on Dec 24.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.