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Listed by William Joseph • Joseph Group
$ 5,999,000
Est. payment /mo
Active
20 22nd Street Hermosa Beach, CA 90254
3,646 SqFt
UPDATED:
03/11/2025 08:41 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,646 sqft
Price per Sqft $1,645
MLS Listing ID CRSB24252047
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1959
Lot Size 3,296 Sqft
Property Sub-Type Other
Property Description
JUST REDUCED by $976,0000 this Class A 5-unit apartment building sits one off Hermosa Beach Strand. With $357,348 in pro forma annual gross income and $258,921 in pro forma net income (4.3% cap rate). This is high-end trophy asset has 7 parking spots and 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. This high-end luxury building offers a turnkey investment opportunity in one of the most exclusive neighborhoods within the South Bay.
Location
State CA
County Los Angeles
Interior
Heating Other
Cooling Central Air
Fireplace No
Laundry Gas Dryer Hookup, Other, Inside
Exterior
View Ocean
Building
Water Public
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