6641 North Hammond Avenue
6641 North Hammond Avenue
Closed 3/19/21
Closed 3/19/21
Description
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...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 • DRE #01332755 • Brokerage DRE #01332755 • Steven M. Bogoyevac, Broker
Property Details for 6641 North Hammond Avenue
Location
Sold By Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755
Property Details for 6641 North Hammond Avenue
| Status | Closed |
|---|---|
| MLS # | PW21006321 |
| Days on Market | 11 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1959 |
| Lot Size | 0.24 AC / 10,565 SF |
| County | Los Angeles County |
Location
Sold By Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755
Building Information for 6641 North Hammond Avenue
Payment Calculator
$11,165 per month
30 year fixed, 7.25% Interest
$10,096
$1,069
$0
Property Information for 6641 North Hammond Avenue
- Gross Income: $0
- Gross Scheduled Income: $140,568
- Net Operating Income: $90,294
- Gross Multiplier: 13.16
- Cap Rate: 4.88
- Financing: Cash
- Operating Expense: $46,057
- New Taxes Expense: $0
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Professional Management Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $46,057
- Tax Tract Number: 7420
- Tax Census Tract: 5702.03
- Tax Lot: 182
- Community Features: Suburban
- Laundry: Yes
- Laundry Features: Electric Dryer Hookup, Washer Hookup
- Pool Features: None
- Pool Description: None
- Pool: N/K
- Additional Parcels Description: 7120-015-056
- Lot Features: Lot 10000-19999 Sqft
- Number Of Units: 8
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 0
- Uncovered Spaces: 10
- Open Other Spaces Total: 10
- Parking Garage Spaces: 0
- Carport Spaces: 0
- Builders Tract Name: North Long Beach
- Builders Tract Code: North Long Beach (NLB)
- Unit Type Units Total: 8
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 0
- Unit Type Actual Rent: $1,464
- Unit Type Total Rent: $11,714
- Unit Type Pro Forma: 1950
- Unit Type Type: 1
- Rent Controlled: Yes
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 8
- Number Of Separate Gas Meters: 8
- Number Of Separate Water Meters: 0
Property History for 6641 North Hammond Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6641 North Hammond Avenue
Schools near 6641 North Hammond Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
McKinley Elementary School PublicK to 5 | ||
Hamilton Middle School Public6 to 8 | ||
Jordan High School Public9 to 12 | ||
IVA - Intellectual Virtues Academy Middle School Charter6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Steven M. Bogoyevac, Broker, Steven Bogoyevac, DRE #01332755
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.