Four-Unit Multifamily Investment
6645 Hammond Ave Long Beach, CA 90805
For Sale
$1,250,000
Built in 1959, this four-unit multifamily offers two-bed, one-bath units with in-unit laundry hookups and surface parking.
Property Size3,000 SF
Lot Size0.12 Acres
Price / SF$416.67
Days on Market75
Property Features for 6645 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 21
Last Checked: Jul 23 at 10:26AM
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.
6645 Hammond Avenue is a 1959-built four-unit multifamily property offering two-bedroom, one-bathroom units. The building includes practical unit-level amenities such as in-unit laundry hookups and individual water heaters, along with five surface parking spaces.
The property is located in Long Beach, California, with convenient access to surrounding employment centers, retail corridors, and neighboring cities including Paramount and Bellflower. Residents are approximately 0.60 miles from a Target and Food 4 Less anchored retail center along Cherry Avenue, and about 2.5 miles from Lakewood Center.
This offering is presented as an in-place rental investment with potential for additional income from currently unmonetized surface parking and possible rear-area accessory dwelling unit development, subject to Long Beach requirements, site constraints, parking considerations, and municipal approvals.
The property is located in Long Beach, California, with convenient access to surrounding employment centers, retail corridors, and neighboring cities including Paramount and Bellflower. Residents are approximately 0.60 miles from a Target and Food 4 Less anchored retail center along Cherry Avenue, and about 2.5 miles from Lakewood Center.
This offering is presented as an in-place rental investment with potential for additional income from currently unmonetized surface parking and possible rear-area accessory dwelling unit development, subject to Long Beach requirements, site constraints, parking considerations, and municipal approvals.
Key Highlights
- 4‑unit multifamily built in 1959 with all units configured as 2 bed / 1 bath
- Approximately 3,000 net rentable SF on a 0.12‑acre parcel
- In‑unit laundry hookups and individual water heaters for added resident convenience
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 multifamily offers two-bed, one-bath units with in-unit laundry hookups and surface parking.
Where is this quadplex located?
The property is located at 6645 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 with all units configured as 2 bed / 1 bath; Approximately 3,000 net rentable SF on a 0.12‑acre parcel; In‑unit laundry hookups and individual water heaters for added resident convenience
