20 22nd St - Apartments FOR SALE


Hermosa Beach, CA 90254
$5,999,000 USD
310-415-4655
20 22nd St, Hermosa Beach, CA for Sale
$5,999,000 USD
Apartments - FOR SALE
1/58
null | 4.32% Cap Rate

20 22nd St
Hermosa Beach, CA 90254


HIGHLIGHTS

  • Close to Retail/Restaurants
  • Close Walk to the Beach

OVERVIEW

JUST REDUCED by $975,0000 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.

FOR SALE DETAILS

PRICE

$5,999,000 USD

PRICE/SF

$1,645 USD /SF

# OF UNITS

5

PRICE/UNIT

$1,199,800

CAP RATE

4.32%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,296 SF

ZONING

HBC1*

APN/PARCEL ID

4182-004-008

ASK ABOUT THIS PROPERTY

William JosephJoseph GroupMore Info
310-415-4655

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William JosephJoseph GroupMore Info
310-415-4655

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.