Active Under Contract

6645 Hammond Avenue

Long Beach, CA 90805
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Bed 2

Bed

Bath 1

Bath

SqFt3,000

Sqft

SqFt5,227.20

Sqft(Lot)

6645 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 6641 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 5.76% cap rate on current rents, with projected upside to a 7.01% cap rate on market rents. This provides investors with immediate in-place yield and a clear path to improved performance through c ontinued 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. 6645 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, 6645 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,225,000

AD Id : 87704929

MLS Id : OC26101046

Beds : 2

Lot Size : 5,227.20 Sqft

Living Area Size : 3,000

Year Built : 1959

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1959
    Building Area Total: 3000
    Stories: 2
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 0.12 Lot Size Acres: 0.12 Lot Size Source: Assessor Lot Size Square Feet: 5,227 Lot Description: Street Level

    Property Information

    Subdivision: North Long Beach (NLB) Source Property Type: Residential Income Property SubType: Quadruplex Levels: Two Property Age: 67

  • Listing Price Information

    Listing Price: $1225000
    Original Price: $1250000
    Cash, Cash to New Loan, Conventional, 1031 Exchange

  • Tax Information

    Parcel Number: 7120015056 Tax Lot: 183

  • Parking Information

    Parking Total: 5

  • Location Information

    Direction: Cross Streets of Hammond Avenue & East Artesia Boulevard WaterSource: Public
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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/15/2026 @ 10:11

MLS: OC26101046 LISTED BY: Christian Tait, Marcus & Millichap RE Invest 949-419-3200 SOURCE: CRMLS

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