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.
Property Details
Property Features
Property Information:
Architectural Style: Contemporary
Year Built: 1959
Stories: 2
Listing Office:
Office Name: Joseph Group
Office Phone: (310) 415-4655
Listing Agent: William Joseph
Interior Features
Interior Information:
Interior: Multiple Staircases
Exterior Features
Exterior Information:
Private Pool: No
Waterfront: Beach
View: Ocean
Parking Information:
Garage Space: 4 spaces
Parking: Attached Carport, Storage
Lot Features
Lot Information:
Lot Size: 0.08 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air
Other
Directions Information:
Directions: Between Hermosa Avenue and The Strand
Price Information
Listing Price Info
Price Summary:
List Price: $7,400,000
Tax Information:
Annual Amount: $26,848
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Hermosa Beach, CA.
This property is $5.1M more than the Median Sold Price in Hermosa Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SB24252047
Listing Office:
Office Name: Joseph Group
Office Phone: (310) 415-4655
Listing Agent: William Joseph
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/21/2024, 8:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$26,848
$2,127,594
2020
$25,999
$2,105,037
2019
$25,020
$2,063,762
2018
$24,797
$2,023,297
2017
$24,797
$1,983,626
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Robinson Elementary School
80 Morningside Dr
Distance between this listing and this school0.62 miles
Public District Grades KG-5
9
/10
Pennekamp Elementary School
110 S Rowell Ave
Distance between this listing and this school1.09 miles
Public District Grades KG-5
9
/10
Pacific Elementary School
1200 Pacific Ave
Distance between this listing and this school1.42 miles
Public District Grades KG-5
Nearby Schools
9
/10
Hermosa Valley School
1645 Valley Dr
Distance between this listing and this school0.45 miles
Public District Grades 5-8
9
/10
Manhattan Beach Middle School
1501 N Redondo Ave
Distance between this listing and this school1.84 miles
Public District Grades 6-8
8
/10
Parras Middle School
200 N Lucia Ave
Distance between this listing and this school2.23 miles
Public District Grades 6-8
Nearby Schools
9
/10
Mira Costa High School
1401 Artesia Blvd
Distance between this listing and this school0.92 miles
Public District Grades 9-12
9
/10
Redondo Union High School
1 Sea Hawk Way
Distance between this listing and this school1.97 miles
Public District Grades 9-12
7
/10
Patricia Dreizler Continuation High School
1000 Del Amo St
Distance between this listing and this school1.99 miles
The neighbors living near this home have an average income of $128,716. Most Hermosa Beach, CA residents have annual incomes between $100k-200k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 20 22nd St
What is the listing price of this property?
The listing price of 20 22nd St property is $7,400,000.
What type of property is this?
The property 20 22nd St is a condo located in Hermosa Beach, California, 90254.
Is this property for sale now?
Active Listing: 20 22nd St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $26,848 (source: MLS/based on county public records data).
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This home is located at 20 22nd St in Hermosa Beach, CA and zip code 90254 in the Hermosa Beach Sand neighborhood. This home, which was built in 1959, sits on a 0.08 acre lot. It has been listed on Rocket Homes since December 21, 2024 and is currently priced at $7,400,000.
While more than 4 listings in Hermosa Beach, CA in November 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 5 were sold below. The number of homes for sale in Hermosa Beach, CA decreased by 12.5% between October 2024 and November 2024. In November 2024, listings were on the market for 58 days. During the same period, the median list price in this real estate market was $2,275,000.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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