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6641 Hammond Ave, Long Beach, CA 90805
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6641 Hammond Ave Long Beach, CA 90805

$1,850,000 Sold Price as of 03/19/2021
  • 16 Beds
  • 8 Baths
  • 6,000 Sq.Ft.
Sold
$1,850,000 Sold Price as of 03/19/2021 Refinance Your Mortgage
Map preview of 6641 Hammond Ave, Long Beach, CA 90805

Property Overview: 6641 Hammond Ave Long Beach, CA has 16 bedrooms, 8 bathrooms, 6,000 living square feet and 10,565 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Steven Bogoyevac | BRE #01332755 | Steven M. Bogoyevac, Broker
Last checked: 1 minute ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
10,565
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW21006321
City
Long Beach
County
Los Angeles
Time on Site
1204 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,464
  • Total Rent: $11,714
  • Pro Forma/Market Rent: $1,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.88%
  • Gross Rent Multiplier: 13.16
  • Gross Scheduled Income: $140,568
  • Net Operating Income: $90,294
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $46,057
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 6641 Hammond Ave

Interior Features
Laundry Information
  • Has Laundry
  • Electric Dryer Hookup, Washer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
Lot Information
  • Lot Features: Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 7120015055
  • Year Built Source: Assessor
  • Property is not Attached
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: North Long Beach (NLB)
  • Directions: North of Artesia between Paramount and Obispo
Neighborhood Information
  • Community Features: Suburban
View more facts & features

Local Long Beach Agent

Sale History for 6641 Hammond Ave

Last sold for $1,850,000 on March 19th, 2021

  • March, 2021

  • Mar 22, 2021

    Date

    Sold

    CRMLS: PW21006321

    $1,850,000

    Price

  • Jan 22, 2021

    Date

    Pending

    CRMLS: PW21006321

    $1,850,000

    Price

  • Jan 11, 2021

    Date

    Active

    CRMLS: PW21006321

    $1,850,000

    Price

  • November, 2011

  • Nov 17, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 2011

  • Oct 20, 2011

    Date

    Sold (Public Records)

    Public Records

    $415,000

    Price

Show More

Tax History for 6641 Hammond Ave

Assessed Value (2020): $476,622
Year Land Value Improved Value Assessed Value
2020 $229,698 $246,924 $476,622

Home Value Compared to the Market

This property vs the competition

6641 Hammond Ave sold on March 19, 2021 for 131.25% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $308.33 per/sqft which puts the price per square foot 51.21% lower than the current median sale per square foot for the city of Long Beach.

About 6641 Hammond Ave

Detailed summary of property

6641 Hammond Ave is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 16 bedrooms, 8 bathrooms, roughly 6,000 living square feet, and sits on an approximately 10,565 square foot lot. 6641 Hammond Ave was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $1,850,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 131.25% higher than the current median priced home. Local homes that are currently for sale include 2507 E 14th St, 2123 W Columbia St and 1377 Warren Ave. While the average home in Long Beach, CA is selling in 53 days, 6641 Hammond Ave has a days on market of 11 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 6641 Hammond Ave Long Beach, CA 90805 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 6641 Hammond Ave

Public county record property details
Beds
8
Baths
4
Year built
1959
Sq. Ft.
3,000
Lot Size
5,216
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
182
APN
7120-015-055

The source for these homes facts are from public records.

90805 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$679,000
Median List Price/Sq.Ft.
$548
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
64
Median Sale to List Price %
101.69%
Avg Days on Market
26
Loan Type
Conventional (47.83%), FHA (17.39%), VA (4.35%), Cash (13.04%), Other (17.39%)

Thinking of Selling?

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Recently Sold Homes Near 6641 Hammond Ave

6667 Hammond Ave, Long Beach, CA 90805
$820,000 Last Sold Price
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2 Baths
1555 Sq.Ft.
6667 Hammond Ave
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6650 Curtis Ave, Long Beach, CA 90805
$825,000 Last Sold Price
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6650 Curtis Ave
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6755 Obispo Ave, Long Beach, CA 90805
$1,150,000 Last Sold Price
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6762 Hammond Ave, Long Beach, CA 90805
$658,000 Last Sold Price
4 Beds
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6762 Hammond Ave
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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