$1,850,000
$1,850,000
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10,454 Sqft Lot
SOLD DATE : 03/19/2021
Key Details
Sold Price $1,850,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision North Long Beach (Nlb)
MLS Listing ID PW21006321
Sold Date 03/19/21
HOA Y/N No
Year Built 1959
Lot Size 10,454 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBR4N
Interior
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup
Exterior
Pool None
Community Features Suburban
Total Parking Spaces 10
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7120015055
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Steven Bogoyevac • Steven M. Bogoyevac, Broker