1624 W Summit St, Long Beach, CA 90810
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1624 W Summit St, Long Beach, CA 90810
1624 W Summit St, Long Beach, CA 90810
1624 W Summit St, Long Beach, CA 90810
1624 W Summit St, Long Beach, CA 90810
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$ 958,500
Est. payment /mo
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Pending

1624 W Summit St Long Beach, CA 90810

5 Beds

3 Baths

2,164 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 2,164 sqft

Price per Sqft $442

MLS Listing ID 26665817

Bedrooms 5

Year Built 1954

Lot Size 6,520 Sqft

Acres 0.1497

Property Sub-Type Multi-Family

Property Description

The Best Priced Triplex in Long Beach. 3 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). Located on a beautiful, quiet, tree lined street. Excellent Owner User opportunity as well - live in one unit and offset your mortgage with the rent from the others. 1 1+1 and 2 2+1's. All 3 units are rented for a total of $6,100 per month (with another $350/month from Laundry & Storage). The property has a 3 car garage in the back (separate structure) which could be converted to ADU's - Buyer to verify. Adding additional units could generate significant rental income. It also features onsite laundry and has a storage space currently rented for $200/month. The property is well maintained and has been updated as follows: Completely replaced and upgraded electrical service including main and sub panels with 200 amp service (fully permitted) - done in 2025. Installed new common laundry room - done in 2023 (generates $50/mo per unit = $150/mo total).

Location

State CA

County Los Angeles

Area Westside

Zoning LBR2N

Rooms

Other Rooms Other

Interior

Heating Wall

Cooling None

Equipment None

Exterior

Parking Features Assigned

Garage Spaces 3.0

Building

Story 1

Level or Stories One

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by The Agency

NEARBY SCHOOL & BUSINESS

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1624 W Summit St

GET MORE INFORMATION

Name

Name

Phone*

Phone

Message

Message
Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

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