North Long Beach (7) Homes with Quadruplex Subtype

North Long Beach (7) Homes with Quadruplex Subtype

Welcome to North Long Beach, a vibrant community nestled in the heart of Long Beach, California. Known for its rich cultural diversity and warm, welcoming atmosphere, this neighborhood is a hidden gem that offers a perfect blend of suburban tranquility and urban convenience. With its tree-lined streets, charming parks, and an array of local shops and restaurants, North Long Beach is an ideal place for families, young professionals, and anyone looking to experience the best of Southern California living.

One of the standout features of North Long Beach is its unique housing options, particularly the quadruplex homes. These multi-family residences provide an excellent investment opportunity, allowing homeowners to occupy one unit while renting out the others. This flexibility not only helps offset mortgage costs but also fosters a sense of community among residents. Quadruplex homes in this area often showcase spacious layouts, modern amenities, and attractive outdoor spaces, making them perfect for both investors and families seeking more room to grow.

The neighborhood is conveniently situated near major freeways, providing easy access to downtown Long Beach, the stunning California coastline, and beyond. Residents can enjoy a variety of recreational activities, including local parks, bike trails, and community events that celebrate the area's rich heritage.

In North Long Beach, you'll find not just a home, but a thriving community that embraces diversity, fosters connection, and offers a lifestyle filled with possibilities. Whether you're looking to invest or settle down, this neighborhood has something for everyone. Come discover the charm of North Long Beach and see why it’s the perfect place to call home!

Newest North Long Beach (7) Homes with Quadruplex Subtype

$1,225,000
OC26101020 MLS Active Under Contract 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

Start Your Search

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.