Long Beach, CA 90810 1627 W Summit Street
$1,575,000
18 more
Presented By: Marcus Kassin with Coldwell Banker Realty
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
Heating Y/NYes
Street SuffixStreet
Total Stories
General for 1627 W Summit Street
AppliancesDishwasher, Refrigerator, Dryer, Washer
CityLong Beach
CountyLos Angeles
Days on Market59
DirectionsNorth of Pch and East of Santa Fe
Gross Income119940
HOA / Comm AssnNo
HeatingWall Furnace
LevelsOne, Multi/Split
Lot Size Square Feet6320
MLS Area11 - Westside
Net Operating Income0
New ConstructionNo
Property TypeResidential Income
Senior Community Y/NNo
Standard StatusActive
StatusActive
Stories1
Street NameSummit
Total Units4
Year Built2017
ZoningLBR2N
Exterior for 1627 W Summit Street
Building Area Total4160
Lot Size Acres0.1451
Lot Size Area6320
Lot Size UnitsSquare Feet
Number of Buildings2
Parking FeaturesOne Space
Total Parking4
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480