6641 Hammond Avenue, Long Beach, CA 90805
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
6641 Hammond Avenue,Long Beach, CA 90805
$1,250,000
- - Beds
- - Baths
- 3,000 sq. ft.
- Multi-family
- Active
Listed by: christian tait, tyler leeson
Office: marcus & millichap re invest949-419-3200
MLS#:OC26101020
Source:CRMLS
Price summary
- Price:$1,250,000
- Price per sq. ft.:$416.67
About this home
6641 Hammond Avenue is a 4-unit multifamily investment property located in Long Beach, California. The adjacent 4-unit property at 6645 Hammond Avenue is also available, with each property offered at $1.25 million or both assets available together for $2.5 million, allowing investors to acquire either property individually or purchase a larger 8-unit footprint on contiguous parcels. 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 offering is priced at an attractive 5.52% cap rate on current rents, with projected upside to a 6.77% 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 existing income upside, the rear parking area may offer ground-up Accessory Dwelling Unit (ADU) development potential. A new owner may be able to explore the addition of one or more accessory dwelling units to increase rentable square footage and long-term income, subject to Long Beach requirements, site constraints, parking considerations, and approval from the appropriate municipal authorities. 6641 Hammond Avenue benefits from a central Long Beach location with convenient access to surrounding employment centers, retail corridors, and neighboring cities including Paramount and Bellflower. Residents are just 0.60 miles from a Target and Food 4 Less anchored retail center along Cherry Avenue, providing convenient access to everyday shopping and essential services. The property is also located approximately 2.5 miles from Lakewood Center, one of the area’s major shopping destinations and employment hubs, offering a wide range of retail, dining, and service-oriented amenities. Overall, 6641 Hammond Avenue represents an attractive Long Beach multifamily opportunity with strong in-place returns, market-rent upside, unmonetized parking income potential, and possible ADU upside....
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Home facts
- Year built:1959
- Listing ID #:OC26101020
- Added:1 day(s) ago
- Updated:May 09, 2026 at 05:28 PM
Rooms and interior
- Living area:3,000 sq. ft.
Structure and exterior
- Year built:1959
- Building area:3,000 sq. ft.
- Lot area:0.12 Acres
- Lot Features:Street Level
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,250,000
- Price per sq. ft.:$416.67
Features and amenities
- Laundry features:Gas Dryer Hookup, In Kitchen, Washer Hookup
Parking
- Total parking spaces:5
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