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. This charming neighborhood is known for its rich cultural tapestry, friendly atmosphere, and convenient access to urban amenities while maintaining a close-knit community feel. With its tree-lined streets, parks, and local eateries, North Long Beach offers a perfect blend of suburban tranquility and city convenience.

One of the standout features of North Long Beach is its eclectic housing market, particularly the availability of quadruplex homes. These unique properties are perfect for investors seeking rental opportunities or families looking for multi-generational living arrangements. Quadruplexes provide the advantage of four separate living units within one building, allowing for both privacy and community. This configuration not only maximizes space but also offers potential income generation for homeowners.

Living in a quadruplex in North Long Beach means easy access to local parks, schools, and shopping centers. Residents can enjoy the nearby Long Beach Museum of Art, the stunning coastline, and a variety of recreational activities. The community is well-connected to public transport, making it easy to explore the greater Los Angeles area.

Whether you’re an investor looking to expand your portfolio or a family seeking a unique living arrangement, North Long Beach's quadruplex homes offer a fantastic opportunity to experience the best of Southern California living. Embrace the charm of this dynamic community and discover the potential of quadruplex living in North Long Beach 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.