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20 22nd Street, Hermosa Beach, CA 90254
Priced at Only: $5,999,000
For more Information Call
Address: 20 22nd Street, Hermosa Beach, CA 90254
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20 22nd Street
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  • MLS#: SB24252047 ( Apartment )
  • Street Address: 20 22nd Street
  • Viewed: 1
  • Price: $5,999,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 0
  • Days On Market: 390
  • Additional Information
  • County: LOS ANGELES
  • City: Hermosa Beach
  • Zipcode: 90254
  • Provided by: Joseph Group
  • Contact: William William
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Features
Architectural Style
  1. Contemporary
Association Fee
  1. 0.00
Building Area Total
  1. 3646.00
Carport Spaces
  1. 3.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Central Air
Country
  1. US
Days On Market
  1. 53
Entry Location
  1. First floor
Garage Spaces
  1. 4.00
Gardner Expense
  1. 840.00
Heating
  1. Central
Insurance Expense
  1. 5000.00
Interior Features
  1. 2 Staircases
Laundry Features
  1. Common Area
  2. Gas & Electric Dryer Hookup
  3. Gas Dryer Hookup
  4. Inside
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 2-5 Units/Acre
Netoperatingincome
  1. 218357.00
Newtaxesexpense
  1. 63599.00
Otherexpense
  1. 1291.00
Parcel Number
  1. 4182004008
Parking Features
  1. Built-In Storage
  2. Attached Carport
Pool Features
  1. None
Postalcodeplus4
  1. 2500
Professionalmanagementexpense
  1. 12588.00
Property Type
  1. Apartment
Property Condition
  1. Turnkey
  2. Updated/Remodeled
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 428918215:CRM
Spa Features
  1. None
Taxblock
  1. 22
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 107144.00
Trash Expense
  1. 2317.00
Utilities
  1. Sewer Connected
View
  1. Ocean
Waterfront Features
  1. Beach Access
Water Sewer Expense
  1. 2500.00
Water Source
  1. Public
Year Built
  1. 1959
Year Built Source
  1. Public Records
Zoning
  1. HBC1*
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Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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