6641 Hammond Avenue, Long Beach, CA 90805
Local realty services provided by:CENTURY 21 Affiliated
6641 Hammond Avenue,Long Beach, CA 90805
$1,225,000
- 2 Beds
- 1 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: christian tait, tyler leeson
Office: marcus & millichap re invest
MLS#:OC26101020
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,225,000
About this home
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 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...
Contact an agent
Home facts
- Listing ID #:OC26101020
- Added:51 day(s) ago
- Updated:June 29, 2026 at 02:30 PM
Rooms and interior
- Bedrooms:2
- Total bathrooms:1
Structure and exterior
- Levels:2 Story
Finances and disclosures
- Price:$1,225,000
New listings near 6641 Hammond Avenue
- New
$599,000Active1 beds 1 baths732 sq. ft.1140 E Ocean Boulevard #310, Long Beach, CA 90802
MLS# 26853549Listed by: BEYCOME BROKERAGE REALTY INC. - New
$1,395,000Active2 beds 3 baths2,032 sq. ft.850 E Ocean Boulevard #B3, Long Beach, CA 90802
MLS# OC26141010Listed by: TURTLE ROCK REALTY INC - New
$1,605,000Active-- beds -- baths5,469 sq. ft.953 E Carson, Long Beach, CA 90807
MLS# PW26141033Listed by: STEVEN M. BOGOYEVAC, BROKER - New
$849,000Active3 beds 2 baths1,680 sq. ft.5960 Gundry, Long Beach, CA 90805
MLS# CV26140974Listed by: TRT CAPITAL - New
$980,000Active3 beds 2 baths1,218 sq. ft.6812 E La Marimba, Long Beach, CA 90815
MLS# OC26139887Listed by: RE/MAX CONNECTIONS - Coming Soon
$668,000Coming Soon2 beds 1 baths1014 Gaviota Avenue, Long Beach, CA 90813
MLS# OC26140853Listed by: FIRST TEAM REAL ESTATE - New
$899,000Active3 beds 2 baths1,719 sq. ft.4254 Gaviota Avenue, Long Beach, CA 90807
MLS# 26848157Listed by: COMPASS - Coming Soon
$699,990Coming Soon2 beds 2 baths388 E Ocean Boulevard #718, Long Beach, CA 90802
MLS# DW26121628Listed by: NIRA REALTY AND SERVICES - New
$725,000Active2 beds 2 baths1,218 sq. ft.525 E Seaside Way #1105, Long Beach, CA 90802
MLS# OC26140287Listed by: WETRUST REALTY - Coming Soon
$1,489,000Coming Soon4 beds 3 baths1876 Petaluma Avenue, Long Beach, CA 90815
MLS# PW26140492Listed by: VISTA SOTHEBY'S INT'L REALTY