20 22nd Street, Hermosa Beach, CA 90254 - MLS#SB25008552

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Anthony Napoli

realestate@anthonynapoli.com +1(619) 750-3558

$6,975,000

Est. payment - /mo

7 Beds

6 Baths

3,646 SqFt

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UPDATED:

01/21/2025 11:59 PM

Key Details

Property Type Condo

Listing Status Active

Purchase Type For Sale

Square Footage 3,646 sqft

Price per Sqft $1,913

MLS Listing ID SB25008552

Style All Other Attached

Bedrooms 7

Full Baths 6

Construction Status Turnkey,Updated/Remodeled

HOA Y/N No

Year Built 1959

Lot Size 3,296 Sqft

Acres 0.0757

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.
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.

Location

State CA

County Los Angeles

Area Hermosa Beach (90254)

Zoning HBC1*

Interior

Interior Features 2 Staircases

Cooling Central Forced Air

Laundry Inside

Exterior

Garage Spaces 7.0

Utilities Available Sewer Connected

View Ocean

Total Parking Spaces 10

Building

Lot Description Sidewalks

Story 2

Lot Size Range 1-3999 SF

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories 2 Story

Construction Status Turnkey,Updated/Remodeled

Others

Monthly Total Fees $301

Acceptable Financing Cash, Conventional, Land Contract, Cash To Existing Loan, Cash To New Loan

Listing Terms Cash, Conventional, Land Contract, Cash To Existing Loan, Cash To New Loan

Special Listing Condition Standard

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Listed by William Joseph • Joseph Group

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Anthony Napoli

+1(619) 750-3558

Agent | License ID: 01311452

Agent License ID: 01311452

20 22nd Street Hermosa Beach, CA 90254

Anthony Napoli

Key Details

Location

Interior

Exterior

Building

Others

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