20 22nd Street Active

Hermosa Beach,CA 90254

$ 5999000

- Bed

0 Bath

3646 SqFt


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

Year Built 1959

Lot Size 3,296 Sqft

Acres 0.08

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

Zoning HBC1

Interior

Heating Other

Cooling Central Air

Fireplace No

Laundry Gas Dryer Hookup,Other,Inside

Exterior

View Y/N true

View Ocean

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 4182004008

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