1624 W Summit Street, Long Beach, CA 90810
List Price: $959K
Listing Status: Active
Original List Price: $959K
0Days on Market: 29
5 Bedrooms · 3 Bathrooms · 2,164 sq ft
Property Type: ResidentialIncome
Year Built: 1954
Lot Size: 6,520 sq ft
MLS Number: 26665817
About This Property
The Best Priced Triplex in Long Beach. 3 units in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.0%). Located on a beautiful, quiet, tree lined street. Excellent Owner User opportunity as well - live in one unit and offset your mortgage with the rent from the others. 1 1+1 and 2 2+1's. All 3 units are rented for a total of $6,100 per month (with another $350/month from Laundry & Storage). The property has a 3 car garage in the back (separate structure) which could be converted to ADU's - Buyer to verify. Adding additional units could generate significant rental income. It also features onsite laundry and has a storage space currently rented for $200/month. The property is well maintained and has been updated as follows: Completely replaced and upgraded electrical service including main and sub panels with 200 amp service (fully permitted) - done in 2025. Installed new common laundry room - done in 2023 (generates $50/mo per unit = $150/mo total).
Listing provided by: Jonathan Swire DRE #01336277 424-230-3700 jon@jonswire.com, The Agency
Source: CRMLS, MLS #: 26665817
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.