Courtesy of: Steven Bogoyevac | Steven M. Bogoyevac, Broker
Purchase Type: Sale
MLS ID: PW21006321
Days On Market: 52
Year Build: 1959
Lot size: 0.243
Property Type: Residential Income
New Construction: No
Swimming Pool: No
Address: 6641 Hammond Avenue
County: Los Angeles
City: Long Beach
Neighborhood: North Long Beach (nlb), 7 - North Long Beach
Pool Features: None
6641-6645 Hammond Avenue consists of two fourplexes on two contiguous fourplexes in Long Beach, California. This offering presents a great opportunity for an investor to acquire a competitively priced, renovated property with a strong current return and capture 25 percent potential rental upside.
6641-6645 North Hammond Avenue comprises two two-story, 1959 construction fourplexes with all two-bedroom/one-bath units that average 750 square feet. Each unit features laundry hookups and is separately metered for gas and electricity. The property also offers eight dedicated surface parking spaces for tenants plus two guest parking spaces. Recent upgrades to to the property include a newer roof and interior renovations of six of the units.
The property is located just south of the 91 Freeway and north of Artesia Boulevard between Paramount Boulevard and Obispo Avenue in a dense rental area: 75 percent of housing units with one mile are renter-occupied. Tenants enjoy convenient freeway access and a short five-minute drive to a Target.
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