1627 W SUMMIT ST LONG BEACH, CA 90810

Features

• Price/sqft: $372
• Lot Size: 6320 sq. ft.
• Total Units: 4
• Total Rooms: 5
• Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
• Construction Type: Wood

Facts

• Year Built: 01/01/2017
• Property ID: 895762913
• MLS Number: 24-410671
• Parcel Number: 7431-019-032
• Property Type: Townhouse or Condo
• County: LOS ANGELES
• Legal Description: TR=1833 EX OF ALLEY LOTS 19 AND 20 BLK 16
• Zoning: LBR2N
• Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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. * *