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6762 Hammond Ave Long Beach, CA 90805

$658,000 Sold Price as of 06/25/2019

4 Beds
4 Baths
1,803 Sq.Ft.

Sold

$658,000 Sold Price as of 06/25/2019 Refinance Your Mortgage

Map preview of 6762 Hammond Ave, Long Beach, CA 90805

Property Overview: 6762 Hammond Ave Long Beach, CA has 4 bedrooms, 4 bathrooms, 1,803 living square feet and 5,871 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Excellent investment opportunity, this remodeled Triplex consists of a 2 bed, 1 bath SFR and a side-by-side Duplex, both 1 bed, 1 bath units. All units have their own washer/dryer hook ups in the unit and each comes with their own garage. The SFR was completely remodeled 11 years ago with all new copper plumbing, new Romex electrical wiring throughout, new electrical panel, new gas lines, new drywall with bullnose corners. Kitchen has new cabinets and granite tile counter tops. All new fixtures throughout. Attic forced air furnace wired for A/C. Just needs condenser unit. Both Duplex units have new solid granite counters with new vanities and sinks, and solid granite counter in the kitchens. Both units have copper plumbing, and newer wall furnaces. And unit B has a new water heater. All upgrades done with City permits. Owner utility expenses are water and trash only which is approximately $80/month. Exterior was recently upgraded and painted. This is a great buy for cashflow for the savvy investor with room to increase rents, or as an owner-occupied investment.

Listed by Cheryl Cotton | BRE #00860384 | Keller Williams Coastal Prop.
Co-listed by Ryder Cotton | BRE #02038044 | Keller Williams Coastal Prop.

Last checked: 9 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 32

Home details

Lot Sq. Ft: 5,871
HOA Dues: $0/mo
Year built: 1934
Garage: 4 Car
Property Type:: Multi Family

Status: Sold
MLS#: PW19091058
City: Long Beach
County: Los Angeles
Time on Site: 1396 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 3
Total # of Buildings: 1
# of Leased Units: 3
# of Electric Meters: 3
# of Gas Meters: 3
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 2
# of Baths: 2
Garage Spaces: 2
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,500
Total Rent: $1,500
Pro Forma/Market Rent: $1,850

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,000
Total Rent: $1,000
Pro Forma/Market Rent: $1,250

Unit Breakdown 3

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 1
Garaged Attached? No
Furnishing: Unfurnished
Actual Rent: $1,150
Total Rent: $1,150
Pro Forma/Market Rent: $1,250

Multi-Family Income/Expense Information

Property Income and Analysis

Gross Rent Multiplier: --
Gross Scheduled Income: $45,000
Net Operating Income: $43,130
Gross Operating Income: --

Annual Expense Breakdown

Total Operating Expense: $1,870
Electric: $0
Gas/Fuel: $0
New Taxes: $8,300
Trash: $500
Insurance: $870
Water/Sewer: $500

Property Details for 6762 Hammond Ave

Interior Features

Laundry Information

Has Laundry
Gas Dryer Hookup, Washer Hookup

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 4
# of Parking Spaces: 4

Lot Information

Lot Features: 0-1 Unit/Acre
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 1 Common Wall
Total # of Units: 3
Parcel Number: 7113004037
Year Built Source: Public Records
Property is Attached

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 and East of Paramount

Neighborhood Information

Community Features: Sidewalks

View more facts & features

Local Long Beach Agent

Sale History for 6762 Hammond Ave

Last sold for $658,000 on June 25th, 2019

June, 2019
Jun 26, 2019

Date

Sold

CRMLS: PW19091058

$658,000

Price
Jun 3, 2019

Date

Pending

CRMLS: PW19091058

$655,000

Price
May 29, 2019

Date

Price Change

CRMLS: PW19091058

$655,000

Price
May 23, 2019

Date

Active

CRMLS: PW19091058

$665,000

Price
May 15, 2019

Date

Pending

CRMLS: PW19091058

$665,000

Price
Apr 22, 2019

Date

Active

CRMLS: PW19091058

$665,000

Price
June, 2019
Jun 25, 2019

Date

Sold (Public Records)

Public Records

$658,000

Price

Tax History for 6762 Hammond Ave

Assessed Value (2020): $671,480

Year	Land Value	Improved Value	Assessed Value
2020	$306,000	$365,480	$671,480

Home Value Compared to the Market

This property vs the competition

6762 Hammond Ave sold on June 25, 2019 for 18.12% lower 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 $363.28 per/sqft which puts the price per square foot 42.52% lower than the current median sale per square foot for the city of Long Beach.

About 6762 Hammond Ave

Detailed summary of property

6762 Hammond Ave is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 1,803 living square feet, and sits on an approximately 5,871 square foot lot. 6762 Hammond Ave was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $658,000. 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 18.12% lower than the current median priced home. Local homes that are currently for sale include 1213 E 119th St, 333 W 8th St and 1503 E 109th St. While the average home in Long Beach, CA is selling in 51 days, 6762 Hammond Ave has a days on market of 32 days. There are currently 643 homes for sale in the Long Beach real estate market and 358 of them are single family homes while 270 of them are condos and 15 are townhomes. For more information on this home for sale at 6762 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 6762 Hammond Ave

Public county record property details

Beds: 4
Baths: 3
Year built: 1934
Sq. Ft.: 1,803
Lot Size: 5,871
Stories: --

Type: Triplex (3 Units, Any Combination)
Pool: No
Spa: No
County: Los Angeles
Lot#: 210
APN: 7113-004-037

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

$699,000

Median List Price/Sq.Ft.

$563

Median Sold Price

$720,000

Median Sold Price/Sq.Ft.

$564

Total Inventory

Median Sale to List Price %

101.69%

Avg Days on Market

Loan Type

Conventional (47.83%), FHA (17.39%), VA (4.35%), Cash (13.04%), Other (17.39%)

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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.