Property Detail

20 22nd

Hermosa Beach CA 90254

$7,400,000

Status: Active

Property Details

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 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.

Map Location

Listing provided courtesy of William Joseph of Joseph Group. Last updated 2024-12-23 09:11:38.000000. Listing information © 2024 CRMLS.

Steele Realty Group

Steele Realty Group

Real estate https://static.royacdn.com/Site-4f49a9be-20f3-4cec-be58-b7dc6a64d2f5/homepage_images/Screenshot_2021_07_16_161602.jpg realtor # # https://static.royacdn.com/Site-4f49a9be-20f3-4cec-be58-b7dc6a64d2f5/homepage_images/Screenshot_2021_07_16_161602.jpg