732 9th Street

Hermosa Beach, CA 90254

$2,450,000

Status: Active

  • 4Units
  • 3,840SQ. Feet
  • 4,866Lot Sq. Ft.

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.

Key Info

  • TypeResidential Income
  • StatusActive
  • Year Built1964
  • Days on Market66
  • Price$2,450,000
  • Price/Sqft$638
  • Date ListedApril 10th, 2019
  • MLS® #PW19081294

Interior

  • Square Footage3,840
  • Units4
  • Bathrooms0.00
  • # of Stories2
  • Parking Spaces4
  • Garage Spaces4

Listing Details

  • Listing AgentSteven Bogoyevac(01332755)
  • Listing OfficeSteven M. Bogoyevac, Broker

Community Information

  • AreaHermosa Beach East (150)
  • CityHermosa Beach, CA
  • Zip Code90254
  • CountyLos Angeles

Exterior

  • Lot Sq. Ft.4,866

Price Change History for 732 9th Street, Hermosa Beach, CA (MLS® #PW19081294)

Date Details Change
Price Reduced from $2,550,000 to $2,450,000 $100,000 (3.92%)
Price Reduced from $2,750,000 to $2,550,000 $200,000 (7.27%)
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Based on information from California Regional Multiple Listing Service, Inc. as of June 16th, 2019 at 9:32pm 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.