Four-Unit Multifamily Investment
6641 Hammond Ave Long Beach, CA 90805
For Sale
$1,250,000
Built in 1959, this four-unit property offers two-bed one-bath units, in-unit laundry hookups, and surface parking.
Property Size3,000 SF
Lot Size0.12 Acres
Price / SF$416.67
Days on Market77
Property Features for 6641 Hammond Ave
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.12 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1959
Listing Agency:
Marcus & Millichap - Orange County
(949) 419-3326
Listed By:
Tyler Leeson · License #(S):CA:01451551
(949) 419-3326
Source:
Elliman
Added: May 10
Changed: Jul 23
Last Checked: Jul 25 at 8:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Orange County
Investment Insights
Based on property information with market context.
6641 Hammond Avenue is a four-unit multifamily investment property built in 1959. The building is configured with entirely two-bedroom, one-bathroom units. Community and unit features include in-unit laundry hookups and individual water heaters, with five surface parking spaces serving the property.
The property is located in central Long Beach, providing convenient access to nearby employment centers and retail corridors, including neighboring cities such as Paramount and Bellflower. Residents are about 0.60 miles from a Target and Food 4 Less-anchored retail center along Cherry Avenue, and approximately 2.5 miles from Lakewood Center.
The offering is on a 0.12-acre parcel with about 3,000 net rentable square feet. The surface parking spaces are not separately monetized, and the rear parking area may allow for ground-up Accessory Dwelling Unit development subject to Long Beach requirements, site constraints, parking considerations, and municipal approvals.
The property is located in central Long Beach, providing convenient access to nearby employment centers and retail corridors, including neighboring cities such as Paramount and Bellflower. Residents are about 0.60 miles from a Target and Food 4 Less-anchored retail center along Cherry Avenue, and approximately 2.5 miles from Lakewood Center.
The offering is on a 0.12-acre parcel with about 3,000 net rentable square feet. The surface parking spaces are not separately monetized, and the rear parking area may allow for ground-up Accessory Dwelling Unit development subject to Long Beach requirements, site constraints, parking considerations, and municipal approvals.
Key Highlights
- 4‑unit multifamily built in 1959 on a 0.12‑acre parcel with approx. 3,000 net rentable SF
- All units are 2 bed / 1 bath
- In‑unit laundry hookups and individual water heaters
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.0k | $27.00 |
| − Vacancy | −$3.5k | −$1.15 |
| EGI | $77.5k | $25.85 |
| − OpEx | −$23.3k | −$7.75 |
| NOI | $54.3k | $18.09 |
3,000 SF · lease $27.00/SF/yr · vacancy 4.27% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$775.4K
$678.5K – $904.7K
NOI $54,279 @ 7.0% cap · market cap 4.34%
Second Best
Apartment 5plus
$715.8K
$626.4K – $835.2K
NOI $50,109 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$898.6K
$786.2K – $1.05M
NOI $62,899 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Built in 1959, this four-unit property offers two-bed one-bath units, in-unit laundry hookups, and surface parking.
Where is this quadplex located?
The property is located at 6641 Hammond Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 4‑unit multifamily built in 1959 on a 0.12‑acre parcel with approx. 3,000 net rentable SF; All units are 2 bed / 1 bath; In‑unit laundry hookups and individual water heaters
