Long Beach Triplex
1624 W Summit St, Long Beach, CA 90810
- Added:
- Mar 17, 2026
- Days on Market:
- 54
- Last Refresh:
- May 9 at 8:06 pm
Property Features for 1624 W Summit St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LBR2N
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 2, Bedroom 5, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 1
- Parking
- 3
- Parking features
- Assigned
- Standard status
- Pending
- APN
- 7431-027-013
- Size
- 2,164 SF
- Lot size
- 0.15 Acres
Building Details
- Year built
- 1954
- Floors in Building
- 1
- Number of units
- 3
Listing agent Jonathan Swire License #01336277 (310) 948-2631
Listing office The Agency 331 Foothill Rd. #100, Beverly Hills, CA (424) 230-3700
Listing date Mar 17, 2026
MLS# 26665817
Listing URL
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Unrestricted Rent Control: Benefit from greater income potential, only subject to AB 1482 (5% + CPI).
- Income‑Generating Property: Currently generating $6,100/month from units, plus $350/month from laundry and storage.
- Owner‑User Opportunity: Live in one unit and offset mortgage with rental income.
- ADU Conversion Potential: Detached 3‑car garage offers potential for conversion to Additional Dwelling Units (ADUs). Buyer to verify.
- Updated Electrical System: Upgraded electrical service with 200 amp service (fully permitted) completed in 2025.
- Onsite Laundry and Storage: Includes onsite laundry room (new in 2023) and rented storage space, generating additional income.
Overview
This Long Beach triplex is located on a quiet, tree-lined street. The property features three units: one 1-bedroom, 1-bathroom unit and two 2-bedroom, 1-bathroom units. All three units are currently rented, generating a total of $6,100 per month, with an additional $350 per month from laundry and storage. The property is not subject to local rent control, but is subject to AB 1482 rent control, with a maximum annual increase of 5% + CPI (currently 8.0%). The property includes a separate three-car garage in the back, which the buyer could verify for potential conversion to Accessory Dwelling Units (ADUs). Onsite laundry facilities are available, and a storage space is currently rented for $200 per month. The property has been updated with a completely replaced and upgraded electrical service, including main and sub panels with 200 amp service (fully permitted), completed in 2025. A new common laundry room was installed in 2023, generating $50 per month per unit, totaling $150 per month. The property size is 2,164 square feet, situated on a lot of approximately 0.1497 acres. This property presents an excellent owner-user opportunity to live in one unit and offset the mortgage with rental income from the others.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.214409
- Latitude
- 33.792316
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-maintained Long Beach triplex with income potential.
Where is this triplex located?
The property is located at 1624 W Summit St Long Beach, CA.
What is the asking price?
The asking price for this property is $958,500.
What are key features of this property?
This property features: Unrestricted Rent Control: Benefit from greater income potential, only subject to AB 1482 (5% + CPI).; Income‑Generating Property: Currently generating $6,100/month from units, plus $350/month from laundry and storage.; Owner‑User Opportunity: Live in one unit and offset mortgage with rental income.
