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1627 W Summit St, Long Beach, CA 90810
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1627 W Summit St Long Beach, CA 90810

$1,575,000
  • 19 Beds
  • 16 Baths
  • 4,160 Sq.Ft.
For Sale
$1,575,000 Get Pre-Qualified
Map preview of 1627 W Summit St, Long Beach, CA 90810

Property Overview: 1627 W Summit St Long Beach, CA has 19 bedrooms, 16 bathrooms, 4,160 living square feet and 6,320 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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. * *

Listed by Marcus Kassin | BRE #01216904 | Coldwell Banker Realty
Co-listed by Joshua Kamali | BRE #02191899 | Pellego, Inc.
Last checked: 10 minutes ago | Last updated: April 22nd, 2024 | Source CRMLS | DOM: 73
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Home details

Lot Sq. Ft
6,320
HOA Dues
$0/mo
Year built
2017
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24361363
City
Long Beach
County
Los Angeles
Time on Site
75 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 4
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,495
  • Total Rent: $3,495
  • Pro Forma/Market Rent: $3,495
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,800
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Furnishing: Unfurnished
  • Actual Rent: $3,100
  • Total Rent: $3,100
  • Pro Forma/Market Rent: $3,100
Unit Breakdown 4
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,800
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $0
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 1627 W Summit St

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Property Details for 1627 W Summit St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Refrigerator
Interior Features
  • Levels: Multi/Split, One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Parking Space
Property Information
  • Total # of Units: 4
  • Parcel Number: 7431019032
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: North of Pch and East of Santa Fe
View more facts & features

Local Long Beach Agent

Sale History for 1627 W Summit St

Last sold for $1,185,000 on May 26th, 2022

  • May, 2024

  • May 4, 2024

    Date

    Active

    CRMLS: 24388175

    $1,750

    Price

  • Listing provided courtesy of CRMLS

    Beautiful, brand new 1 bedroom ADU apartment in Long Beach. Comes with all stainless steel appliances. Air conditioning and heat throughout the unit. Kitchen has shaker style, soft close cabinets, granite countertops and garbage disposal. Close to shopping, public transportation and more. Electronic application available.

  • February, 2024

  • Feb 22, 2024

    Date

    Active

    CRMLS: 24361363

    $1,650,000

    Price

  • May, 2022

  • May 26, 2022

    Date

    Sold

    CRMLS: 22151391

    $1,185,000

    Price

  • Apr 29, 2022

    Date

    Active

    CRMLS: 22151391

    $1,124,900

    Price

  • Listing provided courtesy of CRMLS

    Bright, spacious duplex only 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 & water filtration system. Front unit is occupied and rear unit will be delivered vacant. Each unit is separately metered--landlord only pays for water and gardening. This is a fantastic opportunity for an owner-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).**

  • September, 2021

  • Sep 13, 2021

    Date

    Leased

    CRMLS: PW21165335

    $925

    Price

  • Jul 29, 2021

    Date

    Active

    CRMLS: PW21165335

    $925

    Price

  • Listing provided courtesy of CRMLS

    An exquisite and spacious bedroom room for rent is located at 1627 W. Summit Street in Long Beach, CA. Hardwood floors throughout the cozy home. Amenities include exclusive access to the one-bedroom, a private bathroom, shared access to all common areas of the house, a common 25’ x 13’ side yard, a parking garage, and a quiet side entrance. Easy access to both 710 and 405 freeways. We do not advertise on Craigslist or Facebook Marketplace.

  • January, 2021

  • Jan 20, 2021

    Date

    Canceled

    CRMLS: OC20225790

    $1,149,000

    Price

  • Jan 16, 2021

    Date

    Active

    CRMLS: OC20225790

    $1,149,000

    Price

  • Dec 25, 2020

    Date

    Hold

    CRMLS: OC20225790

    $1,149,000

    Price

  • Nov 5, 2020

    Date

    Active

    CRMLS: OC20225790

    $1,149,000

    Price

  • Oct 26, 2020

    Date

    Coming Soon

    CRMLS: OC20225790

    $1,149,000

    Price

  • Listing provided courtesy of CRMLS

    You won't want to miss this unique opportunity to own a nearly new construction duplex. Built in just 2017, each unit of this duplex features 4 bedrooms, 3 bathrooms, laundry inside, open floor layout, and many upgrades throughout. Tiled showers, granite counters, laminate flooring, recessed lighting, whole house water filtration, and instant hot water heaters are just a few of the upgrades you'll see in this nicely manicured opportunity. Outside, you'll see low maintenance landscape, and plenty of parking including 2 separate 2 car garages. One unit is currently owner-occupied and the other is paying $2,950/mo in rent. Each tenant pays their own utilities. There is a bit of upside with anticipated rents between 3100 and 3400.

  • September, 2017

  • Sep 12, 2017

    Date

    Sold

    CRMLS: RS17103198

    $825,000

    Price

  • Aug 31, 2017

    Date

    Pending

    CRMLS: RS17103198

    $829,900

    Price

  • Aug 1, 2017

    Date

    Active Under Contract

    CRMLS: RS17103198

    $829,900

    Price

  • Jul 23, 2017

    Date

    Active

    CRMLS: RS17103198

    $829,900

    Price

  • Jul 7, 2017

    Date

    Pending

    CRMLS: RS17103198

    $829,900

    Price

  • Jun 15, 2017

    Date

    Active Under Contract

    CRMLS: RS17103198

    $829,900

    Price

  • Jun 13, 2017

    Date

    Active

    CRMLS: RS17103198

    $829,900

    Price

  • Jun 5, 2017

    Date

    Active Under Contract

    CRMLS: RS17103198

    $829,900

    Price

  • May 25, 2017

    Date

    Price Change

    CRMLS: RS17103198

    $829,900

    Price

  • May 10, 2017

    Date

    Active

    CRMLS: RS17103198

    $869,000

    Price

  • Listing provided courtesy of CRMLS

    Brand new construction. Be the first to live here. Two units with 4 bedrooms and 3 bathrooms in each unit. One bedroom is downstairs in each unit. Great floor plan with large kitchen, spacious bedrooms, master suites and laundry room in each unit. Sliding glass doors to outside in each living room. Large yard with gates and plenty of room for kids to play. Two separate 2 car garages with additional parking as well. Anticipated rents are about $2600 to $2800 per unit.

  • September, 2017

  • Sep 11, 2017

    Date

    Sold (Public Records)

    Public Records

    $825,000

    Price

  • June, 2016

  • Jun 23, 2016

    Date

    Sold (Public Records)

    Public Records

    $243,000

    Price

Show More

Tax History for 1627 W Summit St

Assessed Value (2020): $858,330
Year Land Value Improved Value Assessed Value
2020 $364,140 $494,190 $858,330

Home Value Compared to the Market

This property vs the competition

1627 W Summit St is listed 97.12% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $645 and this home is listed at $378.61 per/sqft which puts the price per square foot 41.3% lower than the median price per square foot for the city of Long Beach.

About 1627 W Summit St

Detailed summary of property

1627 W Summit St is a multi family located in Long Beach, CA 90810 and is currently for sale. This multi family property offers 19 bedrooms, 16 bathrooms, roughly 4,160 living square feet, and sits on an approximately 6,320 square foot lot. 1627 W Summit St was first listed on ArdentRealEstateGroup.com on February 23, 2024. The homeowner is currently asking $1,575,000 and was originally asking $1,650,000. The median priced home in Long Beach is $799,000 with a median price per square foot of $645. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 97.12% higher than the median priced home. Local competing homes currently for sale include 1044 Cedar Ave, 1716 Locust Ave and 219 E 10th St. While the average home in Long Beach, CA is selling in 53 days, 1627 W Summit St has a days on market of 73 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 1627 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 1627 W Summit St

Public county record property details
Beds
8
Baths
6
Year built
2017
Sq. Ft.
3,360
Lot Size
6,319
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
19,20
APN
7431-019-032

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
$699,000
Median List Price/Sq.Ft.
$514
Median Sold Price
$675,000
Median Sold Price/Sq.Ft.
$644
Total Inventory
23
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%)

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Recently Sold Homes Near 1627 W Summit St

1622 W Summit St, Long Beach, CA 90810
$875,000 Last Sold Price
5 Beds
3 Baths
2218 Sq.Ft.
1622 W Summit St
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1635 W Summit St, Long Beach, CA 90810
$550,000 Last Sold Price
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1635 W Summit St
Long Beach, CA 90810
1616 W 20th St, Long Beach, CA 90810
$576,000 Last Sold Price
4 Beds
3 Baths
2376 Sq.Ft.
1616 W 20th St
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1521 W Summit St, Long Beach, CA 90810
$635,000 Last Sold Price
12 Beds
9 Baths
2376 Sq.Ft.
1521 W Summit St
Long Beach, CA 90810

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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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