20 22nd Street | Los Angeles | State of California | Prices, Plans, Availability

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20 22nd Street

USD 6,975,000

Property ID: SB25008552

20 22nd Street ,90254

Single-family villa

3296 SqFt

Built in 1959

USD 2116/SqFt

7 Beds

6 Full

Location

Direction

Interior Details

Bedrooms

Bathrooms

Interior Size

3646

Construction Details

Property Type Single-family villa

Property Condition --

Architectural Style --

New Construction --

Year Built 1959

Detailed Introduction Of This Home

Rarely does one of the crown jewels of Hermosa Beach multifamily become available with $357,348 in pro forma annual gross income and $248,498 in pro forma net income (3.56% 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. Current rent roll reflects $26,225 per month with pro forma income for Unit E.

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