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
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  • Beds • 10
  • Baths • 8
  • SQFT • 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

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
Price $1,575,000
MLS#24361363
List Date 02/23/2024
Property Type Income
Phone 310.658.1749
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