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1627 W Summit Street, Long Beach, CA 90810
8
beds
6
baths
3360
ft2
· 6320
ft2 lot
$1,149,000
$342 / ft2
Listing provided courtesy of , .
Source 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.
HOA
$0/month
On market
2 months
Year built
2017
Property type
Multi-Family
Parking
4
MLS
OC20225790
Price / Sq.Ft.
$342 / ft2
Status
Active
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Gas Dryer Hookup, Inside, Washer Hookup
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
Heating & Cooling
•   
Cooling Details: Central Air
Interior Size
•   
Building Area Total: 3360.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Garage
•   
Garage Spaces: 4.00
Building Info
•   
Building Area Units: Square Feet
•   
Num Stories: Two
•   
Year Built Source: Estimated
Lot Info
•   
Zoning: LBR2N
•   
Lot Features: Back Yard, Front Yard
•   
Lot Size Source: Estimated
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1451
•   
Lot Size Area: 6320.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 2
Property Features
•   
Common Walls: 1 Common Wall
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 2
•   
Number Of Separate Gas Meters: 2
•   
Number Of Separate Water Meters: 2
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Tenant Pays: All Utilities
•   
Water Sewer Expense: 0.00
•   
Cap Rate: 6.00
•   
Trash Expense: 0.00
•   
New Taxes Expense: 11500.00
•   
Insurance Expense: 1600.00
•   
Total Expenses: 1600.00
•   
Gross Scheduled Income: 76200.00
•   
Tax Block: 16
•   
Operating Expense: 1600.00
Tax/Assessment Info
•   
Gross Income: 35400.00
•   
Tax Year: 2019
•   
Taxes: 10487.0
Lease Info
•   
Net Operating Income: 74600.00
Listing Info
•   
Status: Active
Other
•   
Electric Expense: 0.00
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 0.00
•   
Unit 2 Bedrooms: 4
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 3
•   
Unit 2 Garage Spaces: 2.00
•   
Unit 2 Total Rent: 0.00
Unit 1 Information
•   
Unit 1 Bedrooms: 4
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 2.00
•   
Unit 1 Bathrooms: 3
•   
Unit 1 Actual Rent: 2950.00
•   
Unit 1 Total Rent: 35400.00
Multi Unit Information
•   
# Of Units: 2
•   
Number Of Units Leased: 1
School Neighborhood & Directions
Location
•   
Community Features: Curbs, Sidewalks
•   
Directions: Corner of Santa Fe and W Summit
Other
Calculation
•   
Dom: 49
•   
Cdom: 49
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Mar 07, 2021 3:51am
Neighborhood snapshot
%Sale/List
Sqft
24
Properties for sale
9
Median days on market
$371.91
Median sold price/sqft
101.96%
Sold/List %
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Property History
11/05/2020
11/05/2020
CRMLS #OC20225790
active
CRMLS #OC20225790
$1,149,000
10/26/2020
10/26/2020
CRMLS #OC20225790
other
CRMLS #OC20225790
$1,149,000
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