732 9th Street, Hermosa Beach, 90254

REDUCED 4% Residential Income For Sale

$2,450,000

Beds
Baths
3,840Sqft
.11Acres
4Garages
1964Built
75DOM
MLS® #: PW19081294
Active, 75 Days on Market

732 9th Street is a four-unit apartment building in prime Hermosa Beach, California. This offering presents an excellent opportunity to acquire a partially renovated asset with significant potential upside in rents, a strong unit mix, and an outstanding location in an affluent rental market. The property is well-located less than a mile from the Hermosa Beach Pier and all of the popular retail, restaurant, and night life options on Pier Avenue. Additionally, tenants enjoy easy walking distance to Clark Field and the adjacent tennis courts and other recreation options. This is a highly sought-after area with consistently low vacancy rates, a strong tenant base, and a one-mile average household income that exceeds $168,000. 732 East 9th Street offers four large two-bedroom/one-and-one-half-bath townhomes, two of which have been completely renovated. The remodeled units boast new kitchens, new flooring, new lighting fixtures, tankless water heaters and more, while all of the units boast in-unit laundry hookups and private patios. All of the units are separately metered for all utilities. The property also offers four single-car garages. Please see agent remarks regarding current income figures.

Price & Status History

Date Details
Price Reduced from $2,550,000 to $2,450,000
Price Reduced from $2,750,000 to $2,550,000

Essential Information

MLS® #: PW19081294
Price: $2,450,000
Square Footage: 3,840
Acres: 0.11
Year Built: 1964
Type: Residential Income
Status: Active

Community Information

Address: 732 9th Street
County: Los Angeles
State: CA
Zip Code: 90254

Amenities

Parking Spaces: 4
# of Garages: 4

Interior

Appliances: Electric Cooking, Electric Dryer Hookup
# of Stories: 2
Stories: Two

Exterior

Lot Description: Lot Shape-Rectangular

Additional Information

Date Listed: April 10th, 2019
Days on Market: 75
Zoning: HBR3YY

Listing Details

Listing Agent: Steven Bogoyevac(01332755)
Listing Office: Steven M. Bogoyevac, Broker

Financials

$/SqFt: $638

Welcome to this 0 bedroom 0 bath Residential Income in the Hermosa Beach East (150) section of Hermosa Beach located at 732 9th Street built in 1964. It is 0 square feet and the current asking price is $ 2,450,000.

Based on information from California Regional Multiple Listing Service, Inc. as of June 25th, 2019 at 10:34pm PDT. 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.