732 9th Street, 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.
Listing courtesy of Steven Bogoyevac from Steven M. Bogoyevac, Broker
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