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 PRISTINE one bed, one bath A DUs 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 and water filtration system. Each unit is separately metered--landlord pays for water and gardening. This is a fantastic opportunty for an investor to own an income property in a quickly appreciating area!

Walk through of units with accepted offer. PLEASE DO NOTDISTURB TENANTS.

Request Information
on 1627 W Summit St
in Long Beach, CA
Presented by Marcus Kassin at
Coldwell Banker Realty.


Property MLS #24-410671 from TheMLSCLAW

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 10

+ Bathrooms

Total Bathrooms: 8
Full Bathrooms: 8

+ Heating and Cooling

Cooling Features: Wall Unit(s)
Heating Features: Wall

+ Exterior and Lot Features

Other Structures: Accessory Bldgs

+ Land Info

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

+ Garage and Parking

Garage Description: Parking Space
Parking Total: 4

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Multi-Unit Info

Number of Buildings: 2
Number of Units: 4
Unit Features: 1 BedsTotal: 4, 1 BathsTotal: 3, 1 SquareFeet: 3100, 2 BedsTotal: 4, 2 BathsTotal: 3, 2 SquareFeet: 3495, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 1650, 4 BedsTotal: 1, 4 BathsTotal: 1, 4 SquareFeet: 1650

+ Rental Info

Gross Income: 119940

+ Other Property Info

Source Listing Status: Active
County: Los Angeles
Directions: North of Pch and East of Santa Fe
Source Property Type: Residential Income
Area: Westside
Source Neighborhood: Westside
Parcel Number: 7431-019-032
Postal Code Plus 4: 4042
Zoning: LBR2N
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$509295 + $375270 $884565	$11063
2021	$499309 + $367912 $867221	$10838
2020	$494190 + $364140 $858330	$10808
2019	$484500 + $357000 $841500	$10487

+ Reveal Property Sale History

Listed 2024-07-02
$1550000
TheMLSCLAW

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Listing removed 2024-06-01
$0
TheMLSCLAW

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Price Changed 2024-04-22
$1575000
TheMLSCLAW

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Listed 2024-02-23
$1650000
TheMLSCLAW

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Sold 2022-05-26
$1185000
TheMLSCLAW

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Listing removed 2021-08-20
$0
ShowMojo

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Listed for rent 2021-07-28
$925
ShowMojo

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Listing removed 2021-01-23
$0
CRMLS

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Relisted 2021-01-16
$1149000
CRMLS

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Listing removed 2020-12-25
$0
CRMLS

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Listed 2020-11-05
$1149000
CRMLS

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Sold 2017-09-11
$825000
CRMLS

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Relisted 2017-07-22
$829900
CRMLS

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Listing removed 2017-07-08
$829900
CRMLS

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Price Changed 2017-05-25
$829900
CRMLS

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Listed 2017-05-10
$869000
CRMLS

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Listing removed 2016-07-05
$200000
TheMLSCLAW

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Sold 2016-06-23
$243000
Public Record

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Listed 2016-02-19
$200000
TheMLSCLAW

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Sold 1988-09-14
$114000
Public Record

+ Building and Construction

Total Square Feet Living: 4160
Year Built: 2017
Levels: Multi Levels, One Level
Living Area Source: Developer
Property Age: 7
Year Built Source: Vendor Enhanced

+ Home Features

Other Equipment: Dishwasher, Dryer, Washer, Refrigerator, Range/Oven

+ Display Complete School Details

Cabrillo High School is a public high school located approximately 0.1 miles away.
Map directions

Garfield Elementary School is a public elementary school located approximately 0.4 miles away.
Map directions

Stephens Middle School is a public middle school located approximately 1.1 miles away.
Map directions

St. Lucy School is a private elementary and middle school located approximately 0.5 miles away.
Map directions