Active
20 22nd Street
Hermosa Beach CA, 90254
$5,999,000
$1,645.36 per sqft
Active
7 Beds
6 Baths
3,646 sqft
Residential
Built in 1959
Listed by William Joseph with Joseph Group 310-415-4655
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.
SB25008552
MLSⓇ ID
January 18, 2025
Listed
February 12, 2025
Updated
Interior Features
Total Stories
2
Bedrooms
7
Total Bathrooms
6
Full Bathrooms
6
Interior Features
Multiple Staircases
Laundry Description
Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Fireplace
No
Fireplace Description
None
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.08 Acres
Lot Features
2-5 Units/Acre
Architectural Style
Contemporary
Sewer
Public Sewer
School Information
School District
Hermosa
Other Property Details
Area Name
148 - Hermosa Bch Sand
Days on Market
22
Garage
Yes
Garage Spaces
7
Parking
Attached Carport, Storage
Parking Total
10
View
Yes
View Description
Ocean
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Waterfront
Yes
Waterfront Features
Beach Access
Utilities
Sewer Connected
Zoning
HBC1*
Listing History
Date | Event | Price |
|---|---|---|
2/7/2025 | Price change | $5,999,000 -14% |
Listing Contact: 310-956-2996
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/12/2025. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 2/12/2025 at 7:21 PM UTC