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$1,124,900   Price Analysis
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1627 W Summit St
Long Beach, CA 90810
8 bed 6 bath 3,360 SqFt ($334/SqFt)
6,320SqFt lot. Built 2017
Listed 2024-01-25, Taxes $11,063
Ⓧ USDA Ineligible
due to price & location

near Long Beach

Bright

* No Longer For Sale *
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Sizeable duplex 5 years old! Each unit boasts 1680 square feet, 4 bedrooms, 3 bathrooms, open kitchen, as well as its own comfortable outdoor space, laundry room, 2 car garage, tankless water heater and w ater filtration system. Front unit is occupied and rear unit will be delivered vacant.

Each unit is separately metered--landlord pays for water and gardening. This is a fantastic opportunity for an ownr-user or investor to own an income property in a quickly appreciating area. PLEASE DO NOT DISTURB TENANTS IN FRONT UNIT (1629). FOR SHOWINGS, PLEASE WALK ALONG THE LEFT SIDE OF THE BUILDING TO THE BACK UNIT (1627).


Presented by Brian Pincus at
Keller Williams Beverly Hills.
Listing Agent Photo

Property MLS #22-151391 from TheMLSCLAW

Bedrooms: 8

Total Bathrooms: 6
Full Bathrooms: 6

Laundry Facilities: Inside, In Unit, Room
Laundry Features: Inside, In Unit, Room

Fireplace Features: Bath, Kitchen, Living Room
Heating Features: Forced Air

Flooring: Laminate, Carpet

Covered Spaces: 4
Garage Spaces: 4
Garage Description: Garage Is Detached, Garage - 2 Car, Garage, Side By Side
Parking Total: 6

Lot Size Acres: 0.1450872
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6320

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 2
Number of Units: 2
Unit Features: 1 BedsTotal: 4, 1 BathsTotal: 3, 1 SquareFeet: 3300, 2 BedsTotal: 4, 2 BathsTotal: 3, 2 SquareFeet: 3150

Gross Income: 77400
Tenant Pays: Cable TV, Electric, Gas, Trash
Vacancy Allowance: 3870

Source Listing Status: Sold
County: Los Angeles
Cap Rate: 4.21
Directions: North of PCH; East of Santa Fe
Source Property Type: Residential Income
Area: Westside
Source Neighborhood: Westside
Owner Pays: Gardener
Parcel Number: 7431-019-032
Postal Code Plus 4: 4042
Zoning: LBR2N
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$509,295 + $375,270
$884,565
$11,063
2021$499,309 + $367,912
$867,221
$10,838
2020$494,190 + $364,140
$858,330
$10,808
2019$484,500 + $357,000
$841,500
$10,487

Listing removed 2024-06-01
$0
TheMLSCLAW
Price Changed 2024-04-22
$1,575,000
TheMLSCLAW
Listed 2024-02-23
$1,650,000
TheMLSCLAW
Sold 2022-05-26
$1,185,000
TheMLSCLAW
Listing removed 2021-08-20
$0
ShowMojo
Listed for rent 2021-07-28
$925
ShowMojo
Listing removed 2021-01-23
$0
CRMLS
Relisted 2021-01-16
$1,149,000
CRMLS
Listing removed 2020-12-25
$0
CRMLS
Listed 2020-11-05
$1,149,000
CRMLS
Sold 2017-09-11
$825,000
CRMLS
Relisted 2017-07-22
$829,900
CRMLS
Listing removed 2017-07-08
$829,900
CRMLS
Price Changed 2017-05-25
$829,900
CRMLS
Listed 2017-05-10
$869,000
CRMLS
Listing removed 2016-07-05
$200,000
TheMLSCLAW
Sold 2016-06-23
$243,000
Public Record
Listed 2016-02-19
$200,000
TheMLSCLAW
Sold 1988-09-14
$114,000
Public Record

Net Operating Income: 47328.75

Total Square Feet Living: 3360
Year Built: 2017
Common Walls: Detached/No Common Walls
Living Area Source: Vendor Enhanced
Property Age: 7
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced

Other Equipment: Dishwasher, Garbage Disposal, Water Filter, Washer, Dryer, Refrigerator

Cabrillo High School is a public high school located approximately 0.1 miles away.
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Garfield Elementary School is a public elementary school located approximately 0.4 miles away.
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Stephens Middle School is a public middle school located approximately 1.1 miles away.
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St. Lucy School is a private elementary and middle school located approximately 0.5 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.