1627 West Summit Street
1627 West Summit Street
$1,575,000
10
8
4,160
4,160
$379
Description
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,...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.
- Listed by Marcus Kassin • DRE #01216904 • Brokerage DRE #01464847 • Coldwell Banker Realty
- Listed by Joshua Kamali • DRE #02191899 • Brokerage DRE #00702131 • Pellego, Inc.
Property Details for 1627 West Summit Street
Zoning
LBR2N
Parcel Number7431019032
Total Units4.0
Living Area4160
Source Living AreaDeveloper
AreaWestside (11)
Vacancy Ratenone
Lot Size Area6320
Location
LISTING UPDATED: 04/21/2024 07:25 PM
Property Details for 1627 West Summit Street
Status | Active |
---|---|
MLS # | 24-361363 |
Days on Market | 66 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2017 |
Lot Size | 0.15 AC / 6,320 SF |
County | Los Angeles County |
Location
Building Information for 1627 West Summit Street
Stories-Residences-Year Built2017Building Size-Lot Size0.15 AC / 6,320 SF
Payment Calculator
$9,914 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1627 West Summit Street
Property History for 1627 West Summit Street
Date | Event & Source | Price | Appreciation |
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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 1627 West Summit Street
Taxable ValueLand$596,700Additions$612,000Total$1,208,700
Tax Record2023$15,831 ($1,319 / month)
Home Facts
Total Finished SqFt3,360 SqFtAbove Grade Finished SqFt3,360 SqFtLot Size6,320 SqFtStyleDuplexYear Built2017ZoningLBR2NCountyLOS ANGELESAPN7431-019-032
Schools near 1627 West Summit Street
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Garfield Elementary School PublicK to 5 | ||
Stephens Middle School Public6 to 8 | ||
Cabrillo High School Public9 to 12 | ||
Educational Partnership High School Public9 to 12 |
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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