Long Beach, CA 90810 1627 W Summit Street

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Presented By: Marcus Kassin with Coldwell Banker Realty;
  • MLS# 24361363
  • 02/23/2024
  • Request Tour
  • Request Info
  • BedBeds • 10
  • BathBaths • 8
  • FootageSQFT • 4,160

Home Details

Amazing investment opportunity! Best income to cost ratio in Long Beach, don't pass this opportunity up or you'll regret it. This four-unit building includes 2 BRAND NEW one bed, one bath ADUs, and 2 giant 4 bedroom 3 bath units. Approximately $120k gross income a year! The new units come complete with a/c in each room, shaker cabinets, tiled shower, luxury plank vinyl flooring and stainless-steel appliances. Each of the larger units boasts 1680 square feet, 4 bedrooms, 3 bathrooms, open kitchen, as well as its own comfortable outdoor space, laundry room, 2 tankless water heater & water filtration system. Each unit is separately metered--landlord only pays for water and gardening. This is a fantastic opportunity for an investor to own an income property in a quickly appreciating area! Walk through of units with accepted offer.* * PLEASE DO NOTDISTURB TENANTS. * *
Presented By: Marcus Kassin with Coldwell Banker Realty;

Interior Features for 1627 W Summit Street

Bedrooms

Total Bedrooms10

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths8

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Street SuffixStreet
Total Stories

General for 1627 W Summit Street

Additional Parcels Y/NNo
AppliancesDishwasher, Refrigerator, Dryer, Washer
Attached Garage No
Carport Y/NNo
CityLong Beach
CountyLos Angeles
Days on Market59
DirectionsNorth of Pch and East of Santa Fe
Garage Y/NNo
Gross Income119940.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne, MultiSplit
Lot Size Square Feet6320.0
MLS Area11 - Westside
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
Street NameSummit
Total Units4
View Y/NNo
Waterfront Y/NNo
Year Built2017
ZoningLBR2N

Exterior for 1627 W Summit Street

Building Area Total4160.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1451
Lot Size Area6320.0
Lot Size UnitsSquareFeet
Number of Buildings2
Open Parking Y/NNo
Parking FeaturesOneSpace
SpaNo
Total Parking4.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,575,000
MLS#24361363
List Date 02/23/2024
Property Type Multi-Family
Phone 714.964.3311
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