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20 22nd Street

Hermosa Beach, 90254

7 Bd
6 Ba
3,646 Sqft
3,296 Lot
$5,999,000 Current Price
Active Status
23 Days on Market
Jan 18 First Day Active
$6,975,000 Start Price

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.

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Property Details for 20 22nd Street

Listing Details

Listing Advertised By
Dave Fratello, Edge(310) 243-6299|
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Listing Presented By
William Joseph
Listing Brokered By
Joseph Group
Type
Residential, Single Family Residence
Year Built
1959 (PublicRecords)
MLS Area
148 - Hermosa Bch Sand

Price and MLS Information

Status
Active | Listing History
MLS Days on Mkt.
23 DOM
Combined DOM*
23
First Date Active
January 18th, 2025
Current Price
$5,999,000
Current PPSF
$1,645
Orig. List Price
$6,975,000
MLS® #
SB25008552
APN
4182004008
Special
Standard

Home Interior Information

Levels/Stories
Two
Bedrooms
7
Total Baths
6
Full Baths
6
Int. Sqft.
3,646
Heating
Central
Cooling
Central Air
Int. Features
Multiple Staircases
Fireplaces
None

Room Information

Room Type
Kitchen, Laundry
Laundry
CommonArea, ElectricDryerHookup, GasDryerHookup, Inside

Exterior Information

Lot Description
TwoToFiveUnitsAcre
Lot Size (sq. ft.)
3,296
Lot Size (acres)
0.08
Pool
None
Parking Spaces
10
Garage Spaces
7

View, Style & Tour Information

View
Ocean
Style
Contemporary

Utilities Information

Utilities
Sewer Connected
Water Source
Public

Additional Information

Prop. Condition
UpdatedRemodeled, Turnkey
Zoning
HBC1*
Co-Agent
Dunham Stewart
Co-Agent Office
Vista Sotheby’s International Realty

* Combined DOM (CDOM) counts the total days on market for each time a property is listed, and continues counting until the property is Canceled/Expired for 90 days, no matter which agent or broker lists the property. This figure presents a truer picture of time on market because agents sometimes "re-list" a property after it has been on the market a while to try to “refresh” the Days on Market count, or sellers may change agents when a property has failed to sell.

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Neighborhood Information

MLS Area
148 - Hermosa Bch Sand
City/State
Hermosa Beach
Zip Code
90254
County
Los Angeles
# of Units
5
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School Information

District
Hermosa
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Listing/Price History

20 22nd Street, Hermosa Beach, (MLS® #SB25008552)

Date Details Price Change
Price Reduced (from $6,975,000) $5,999,000 $976,000 (13.99%)
First Day Active $6,975,000
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Listing Summary

Quick Summary of 20 22nd Street: This 7 Bedroom/6 Bathroom home in Hermosa Beach is priced at $5,999,000 ($1,645/PSF) . The 3,646 sqft. Single Family Residence residence was originally built in 1959 and was listed on January 18th, 2025 at $6,975,000, showing 23 Days on Market currently. Contact Dave Fratello today for more information or to go see 20 22nd Street.

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Based on information from California Regional Multiple Listing Service, Inc. as of February 10th, 2025 at 8:52pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.