Silva Babaian Realtor, Real Estate Agent, Granada Hills, CA
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    360 Ocean Boulevard 107
    36852 Calle De Lobo Road
    81755 62nd Avenue
    20 22nd Street, Hermosa Beach, CA 90254
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    4. 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: 2
    • Price: $7,400,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1959
    • Bldg sqft: 0
    • Days On Market: 15
    • Additional Information
    • County: LOS ANGELES
    • City: Hermosa Beach
    • Zipcode: 90254
    • Provided by: Joseph Group
    • Contact: William William
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      Rarely does one of the crown jewels of Hermosa Beach multifamily become available with pro forma of over $360,000 in annual gross income and $247,752 in pro forma net income (3.35% 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. Currently, the 2 bed/1 bath unit and one 1 bed/1 bath units are being left vacant for the next owner. Actual financials include pro forma for each vacant unit.
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    Property Location and Similar Properties
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    Similar
    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
    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. 193982.00
    Newtaxesexpense
    1. 78533.00
    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. 12210.00
    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. 111277.00
    Trash Expense
    1. 2315.00
    Utilities
    1. Sewer Connected
    Vacancyallowance
    1. 9441
    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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    1. Silva Babaian / Realtor
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    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836