732 9th Street

Hermosa Beach, CA 90254

$2,450,000

Pending

  • 3,840Sq. Ft.
  • 4,866Lot Size (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.

Quick Summary: This / home in Hermosa Beach is priced at $2,450,000 ($638/PSF). The 3840 sqft. residence was originally built in 1964 and was listed on 04/10/2019 at $2,750,000, showing 75 Days on Market currently. Contact us today for more information or to go see 732 9th Street.

Key Details

  • Type: Residential Income
  • Year Built: 1964
  • Days on Market: 75
  • Combined DOM* : 75
  • Status: Pending
  • Current Price: $2,450,000
  • PPSF: $638
  • Orig. list price: $2,750,000
  • Date Listed: April 10th, 2019
  • MLS® #: PW19081294
  • APN: 4187028009
  • Special:

Additional Info

  • Stories: 2
  • Stories: Two
  • Parking Spaces: 4
  • Garage Spaces: 4

Co-Agent

  • Agent: David O'Keefe
  • Office: Marcus & Millichap

Community Information

  • Area: Hermosa Beach East (150)
  • City/State: Hermosa Beach, CA
  • Zip Code: 90254
  • County: Los Angeles

Exterior

  • Lot Description: Lot Shape-Rectangular
  • Lot Size (sq. ft.): 4,866
  • Lot Size (acres): 0.11

Interior

  • Square Footage: 3,840
  • Appliances: Electric Cooking, Electric Dryer Hookup

* 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” it, or sellers may change agents when a property has failed to sell.

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

Date Details Price Change
Pending (from Active)
Price Reduced (from $2,550,000) $2,450,000 $100,000 (3.92%)
Price Reduced $2,550,000 $200,000 (7.27%)
Property Listed $2,750,000

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Based on information from California Regional Multiple Listing Service, Inc. as of August 17th, 2019 at 11:57pm 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.