North Long Beach (7) Homes with Quadruplex Subtype

North Long Beach (7) Homes with Quadruplex Subtype

Welcome to North Long Beach, a vibrant and diverse community nestled in the heart of Long Beach, California. Known for its rich history and welcoming atmosphere, this area offers a unique blend of urban convenience and suburban charm. With its close proximity to downtown Long Beach, residents enjoy easy access to a plethora of shops, restaurants, parks, and cultural attractions, making it an ideal location for families, young professionals, and investors alike.

One of the standout features of North Long Beach is its variety of housing options, particularly the appealing quadruplex homes. These multi-family properties offer a fantastic opportunity for those looking to invest in real estate while enjoying the benefits of a residential neighborhood. Quadruplexes are perfect for generating rental income, allowing homeowners to live in one unit while leasing out the others. This flexibility not only provides financial advantages but also fosters a sense of community among neighbors.

North Long Beach is characterized by its tree-lined streets and well-maintained parks, creating an inviting environment for outdoor activities and family gatherings. The local schools are highly regarded, and the community is known for its strong sense of pride and involvement. With a diverse population and a rich tapestry of cultures, North Long Beach is a place where everyone can feel at home.

Whether you’re looking to invest in a quadruplex or find a cozy place to settle down, North Long Beach offers a unique opportunity to live in a thriving community that balances the excitement of city life with the comforts of home. Come explore what makes this region so special!

Newest North Long Beach (7) Homes with Quadruplex Subtype

$1,225,000
OC26101020 MLS Active Status
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 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.

6641 Hammond Avenue, Long Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.