6645 Hammond Avenue, Long Beach, CA 90805
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
6645 Hammond Avenue,Long Beach, CA 90805
$1,250,000
- 2 Beds
- 1 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: christian tait, tyler leeson
Office: marcus & millichap re invest
MLS#:OC26101046
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,250,000
About this home
6645 Hammond Avenue is a 4-unit multifamily investment property located in Long Beach, California. The adjacent 4-unit property at 6641 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/onebath units, offering a desirable and efficient unit mix in a supply-constrained Southern California rental market. The offering is priced at an attractive 5.62% cap rate on current rents, with projected upside to a 6.84% 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 co...
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Home facts
- Listing ID #:OC26101046
- Added:1 day(s) ago
- Updated:May 09, 2026 at 04:38 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
Structure and exterior
- Levels:2 Story
Finances and disclosures
- Price:$1,250,000
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