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1622 W Summit St, Long Beach, CA 90810
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1622 W Summit St Long Beach, CA 90810

$875,000 Sold Price as of 08/03/2023
  • 5 Beds
  • 3 Baths
  • 2,218 Sq.Ft.
Sold
$875,000 Sold Price as of 08/03/2023 Refinance Your Mortgage
Map preview of 1622 W Summit St, Long Beach, CA 90810

Property Overview: 1622 W Summit St Long Beach, CA has 5 bedrooms, 3 bathrooms, 2,218 living square feet and 6,515 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: GREAT LOOKING TRIPLEX. 2- TWO BED UNITS AND 1- ONE BED UNIT. ONE BED UNIT (UNIT #C) TO BE DELIVERED VACANT AND IS CURRENTLY BEING REMODELED. 3-CAR GARAGE.

Listed by Robert Compean | BRE #01276970 | Urban Street Ventures, Inc
Last checked: 10 minutes ago | Last updated: January 1st, 2024 | Source CRMLS | DOM: 50

Home details

Lot Sq. Ft
6,515
HOA Dues
$0/mo
Year built
1959
Garage
3 Car
Property Type:
Triplex
Status
Sold
MLS#
PW23075815
City
Long Beach
County
Los Angeles
Time on Site
349 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,925
  • Total Rent: $1,925
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,695
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,842
  • Total Rent: $1,842
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $5,463
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 1622 W Summit St

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 3
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Garage
Lot Information
  • Lot Features: Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 3
  • Parcel Number: 7431027014
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: OTHER
  • Directions: North of PCH
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 1622 W Summit St

Last sold for $875,000 on August 3rd, 2023

  • January, 2024

  • Jan 1, 2024

    Date

    Expired

    CRMLS: PW23105617

    $1,695

    Price

  • Jun 14, 2023

    Date

    Active

    CRMLS: PW23105617

    $1,695

    Price

  • Listing provided courtesy of CRMLS

    Remodeled 1 bed, 1 bath unit with Garage.

  • August, 2023

  • Aug 3, 2023

    Date

    Sold

    CRMLS: PW23075815

    $875,000

    Price

  • May 3, 2023

    Date

    Active

    CRMLS: PW23075815

    $875,000

    Price

  • June, 2023

  • Jun 14, 2023

    Date

    Sold

    CRMLS: PW23075869

    $890,000

    Price

  • May 3, 2023

    Date

    Active

    CRMLS: PW23075869

    $875,000

    Price

  • Listing provided courtesy of CRMLS

    GREAT LOOKING TRIPLEX. 2- TWO BED UNITS AND 1- ONE BED UNIT. 3-CAR GARAGE. 1622 W. SUMMIT ST. IS ALSO FOR SALE FOR $875,000. IT IS ALMOST IDENTICAL TRIPLEX.

  • April, 2019

  • Apr 12, 2019

    Date

    Leased

    CRMLS: PW19074755

    $1,650

    Price

  • Apr 3, 2019

    Date

    Active

    CRMLS: PW19074755

    $1,650

    Price

  • Listing provided courtesy of CRMLS

    Remodeled 2 bed, 1 bath unit with Garage.

  • April, 2018

  • Apr 18, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2017

  • Dec 27, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2017

  • Dec 13, 2017

    Date

    Sold

    CRMLS: PW17179117

    $500,000

    Price

  • Nov 21, 2017

    Date

    Pending

    CRMLS: PW17179117

    $550,000

    Price

  • Oct 17, 2017

    Date

    Price Change

    CRMLS: PW17179117

    $550,000

    Price

  • Aug 4, 2017

    Date

    Active

    CRMLS: PW17179117

    $650,000

    Price

  • Listing provided courtesy of CRMLS

    Single level Triplex available in Long Beach. Close to the 405 and PCH. Live in one and rent the other two to help pay the mortgage or rent all three for residual income. All three are currently tenant occupied, so no showings are available at this time. Two of the units have been remodels, according to the lady that does management. Her rent is exceptionally low, due to her services. All three units are over due for rent increases. The building next door, at 1624 W. Summit is also for sale and price will be discounted if both are purchased together. There is a community laundry that could be changed to coin operated to bring in extra income. Each unit has a one car garage and alley access. DRIVE BY ONLY, DO NOT DISTURB TENANTS.

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Tax History for 1622 W Summit St

Assessed Value (2020): $624,240
Year Land Value Improved Value Assessed Value
2020 $364,140 $260,100 $624,240

Home Value Compared to the Market

This property vs the competition

1622 W Summit St sold on August 3, 2023 for 9.38% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $394.5 per/sqft which puts the price per square foot 37.58% lower than the current median sale per square foot for the city of Long Beach.

About 1622 W Summit St

Detailed summary of property

1622 W Summit St is a triplex that recently sold in Long Beach, CA 90810. This triplex offered 5 bedrooms, 3 bathrooms, roughly 2,218 living square feet, and sits on an approximately 6,515 square foot lot. 1622 W Summit St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $875,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 9.38% higher than the current median priced home. Local homes that are currently for sale include 530 Almond Ave, 1022 Walnut Ave and 1890 E 20th St. While the average home in Long Beach, CA is selling in 51 days, 1622 W Summit St has a days on market of 50 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 1622 W Summit St Long Beach, CA 90810 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1622 W Summit St

Public county record property details
Beds
3
Baths
3
Year built
1959
Sq. Ft.
2,218
Lot Size
6,515
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
13,14
APN
7431-027-014

The source for these homes facts are from public records.

90810 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$700,000
Median List Price/Sq.Ft.
$503
Median Sold Price
$675,000
Median Sold Price/Sq.Ft.
$644
Total Inventory
25
Median Sale to List Price %
97.97%
Avg Days on Market
23
Loan Type
Conventional (28.57%), FHA (42.86%), VA (0%), Cash (14.29%), Other (14.29%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Recently Sold Homes Near 1622 W Summit St

1627 W Summit St, Long Beach, CA 90810
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$550,000 Last Sold Price
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1521 W Summit St, Long Beach, CA 90810
$635,000 Last Sold Price
12 Beds
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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