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 neighborhood nestled in the heart of Long Beach, California. Known for its rich cultural tapestry and community spirit, North Long Beach offers an inviting atmosphere for families, young professionals, and investors alike. This area is characterized by its tree-lined streets, local parks, and a variety of shops and restaurants that reflect the eclectic nature of its residents.

One of the standout features of North Long Beach is its unique real estate offerings, particularly the quadruplex homes. These multi-family residences are ideal for those looking to invest in a property that not only provides a comfortable living space but also the potential for rental income. Quadruplex homes in this area typically consist of four separate units, making them perfect for larger families or investors seeking to maximize their return on investment.

The charm of quadruplex living in North Long Beach lies in its flexibility. Whether you choose to occupy one unit and rent out the others or manage all four as rental properties, you’ll find that these homes provide both space and opportunity. The neighborhood's close proximity to schools, public transportation, and major freeways ensures that residents enjoy convenience without sacrificing the tranquility of suburban life.

With its affordable housing options and a strong sense of community, North Long Beach is an excellent choice for anyone looking to invest in California real estate. Discover the potential of quadruplex homes in this thriving neighborhood and become part of the North Long Beach community today!

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.