1624 W Summit Street, Long Beach, CA 90810
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
1624 W Summit Street,Long Beach, CA 90810
$940,000
- 5 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: jonathan swire
Office: the agency424-230-3700
MLS#:26665817
Source:CRMLS
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Price summary
- Price:$940,000
About this home
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)....
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Home facts
- Year built:1954
- Listing ID #:26665817
- Added:103 day(s) ago
- Updated:June 30, 2026 at 07:12 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
Heating and cooling
- Heating:Wall Furnace
Structure and exterior
- Year built:1954
- Levels:1 Story
Finances and disclosures
- Price:$940,000
Parking
- Total parking spaces:3
- Parking description:Assigned
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