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Buying and Selling Hermosa Beach Multi-family and Investment Property
Hermosa Beach is located in the South Bay region of Los Angeles County and is a great place to buy or sell multifamily, duplex, triplex, fourplex and larger commercial apartment properties. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available to buy multifamily rental properties such as duplexes, triplexes, and fourplexes. These properties can bring in great income and can be sold quickly if you need to move your investments around. There is also no rent control in Hermosa Beach.
Hermosa Beach’s population was 19,773 as of 2012, which is smaller than Redondo Beach or Manhattan Beach, the other two beach cities in the South Bay.The estimated median household income in 2011 was $95,043 (it was $81,153 in 2000). This is larger than the California median which was $57,287 in 2011.
Hermosa Beach has large professional, scientific, and technical industries which comprise 15.8% of all industries in the city, which is almost twice that of the California average. The main occupations of its residents are in sales, services, wholesale and manufacturing, as well as a high number of engineers and computer specialists. The 24 hour fitness employs the most workers at 187, closely followed by the City of Hermosa with 183. Other top employers are Vons, Ralphs, and Patrick Molloys.
The city also enjoys being close to a variety of conveniences. The Los Angeles International Airport (LAX) is only 7 miles away. The hospital Providence Little Company of Mary is only 4 miles away in neighboring city Torrance and about 5 miles away is El Camino Community College, which has over 8500 full time enrolled students.
Hermosa Beach has many attractions, the most popular of which is the Pier. Here tourists and locals alike enjoy the sandy beach and many restaurants and shopping that it has to offer. It also hosts the Hermosa Valley Greenbelt which at any time of day or night joggers and walkers enjoy its soft woodchip trails and graceful landscaping.
All of these features make Hermosa Beach a great city to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, growing community has great attractions, a healthy work industry, and above average rent. The density of the city and the desire for people to live here, make it an ideal location for multifamily living and the city does have great duplex, triplex, and fourplex properties.
Also serving other Los Angeles County Cities.
This information was gathered from www.hermosabch.org, city-data.com, and wikipedia.
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