6641 Hammond AVE, Long Beach, CA 90805
6641 Hammond AVE, Long Beach, CA 90805
6641 Hammond AVE, Long Beach, CA 90805
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Christian Tait, DRE #02111248 • Marcus & Millichap RE Invest
$1,225,000
Est. payment /mo
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Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC26101020

Year Built 1959

Property Sub-Type Fourplex

Source California Regional MLS

Property Description

6641 Hammond Avenue is a 4-unit multifamily investment property located in Long Beach, California. Built in 1959, the property consists entirely of two-bed/one-bath units, offering a desirable and efficient unit mix in a supply-constrained Southern California rental market. The adjacent 4-unit property at 6645 Hammond Avenue is also available, with each property offered at $1.225 million or both assets available together for $2.45 million, allowing investors to acquire either property individually or purchase a larger 8-unit footprint on contiguous parcels. The offering is priced at an attractive 5.66% cap rate on current rents, with projected upside to a 6.93% cap rate on market rents. This provides investors with immediate in-place yield and a clear path to improved performance through continued rent growth and more efficient income management. The property is situated on a 0.12-acre parcel and features approximately 3,000 net rentable square feet. Community amenities include in-unit laundry hookups, individual water heaters, and five surface parking spaces. The surface parking spaces are currently not separately monetized, providing a potential opportunity to create additional income through parking fees, subject to market demand and tenant considerations. In addition to exist

Location

State CA

County Los Angeles

Area 7 - North Long Beach

Interior

Laundry Gas Hookup, In Kitchen, 30

Exterior

Garage Spaces 5.0

Pool None

Building

Lot Description Grade - Level

Water District - Public

Others

Tax ID 7120015055

Special Listing Condition Not Applicable

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Sharad Gupta
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

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6641 Hammond AVE

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