$6,975,000
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20 22nd Street Hermosa Beach, CA 90254
Apartment
Residence
Beds
Baths
...
Bed/Bath
3,646
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 u...nit 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.
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MLS#
SB24252047
Property Type
Apartment
Year Built
1959
Square Feet
3,646
sq. ft
Lot Size
0.08
Stories
2.0
Sewer
Sewer Connected, Public Sewer
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