1627 West Summit Street Long Beach, CA ^$ 1,650,000

1627 West Summit Street

^$ 1,650,000

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1627 West Summit Street

Long Beach, CA, 90810

^$ 1,650,000

Studio Baths0.0 Sq 4,160

Monthly Estimate*

^$ 10,966

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Studio

Multi-Family Home for sale in Long Beach, CA

for $1,650,000. This 4,160 square foot home was built in 2017 on a lot size of 0.15.

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. * *

Multi-Family Active

Price

^$ 1,650,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.15

Year Built

2017

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

0024361363

Features

General

Heating Wall Furnace

Zoning LBR2N

Year Built 2017

Levels Multi/Split One

County Los Angeles

Net Operating Income 0.0

New Construction No

Property Type C

HOA / Comm Assn No

Status Active

City Long Beach

Buyer Agent Compensation 2.50

Senior Community Y/N No

MLS Area 11 - Westside

Lot Size Square Feet 6320.0

Street Name Summit

Standard Status Active

Buyer Agent Compensation Type %

Interior

Kitchen Appliances Dishwasher Refrigerator

Heating Y/N Yes

Street Suffix Street

Laundry Features Washer Included Dryer Included

Total Baths 0

Exterior

Parking Features Parking Space

Lot Size Area 6320.0

Building Area Total 4160.0

Lot Size Acres 0.15

Lot Size Units Square Feet

Land Lease Type Fee

* Excluded Features

List By

Marcus Kassin

Listing Agent

Coldwell Banker Realty

Broker

Affordability Calculator

$10,966

Per Month

Monthly Principal & Interest: $10,966
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,058,137

Percent of Sale Price 25%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/23/2024	$1,650,000		Listed Price

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1627 West Summit Street, Long Beach, CA, 90810 is a Multi-Family Home for sale at $1,650,000 with 4,160 sqft and a lot size of 0.15. 1627 West Summit Street is a studio with 0.0 baths and was built in 2017. The property's zip code is 90810 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 3/1/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1627 West Summit Street

Multi-Family Home for sale in Long Beach, CA

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