1624 W Summit Street, Long Beach, CA 90810

About this property

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).

Listing description from the June 2026 sale, as reported to CRMLS.

Sale history

$940,000

Sold June 2026 · listed $958,500, orig. $959,000, on market March 2026 · MLS #26665817 · Source: CRMLS

Listing Agent: Jonathan Swire · Listing Office: The Agency · Contact: 424-230-3700 · Bought with: Jocelyn Pierce · eXp Realty of California Inc.

$890,000

Sold June 2023 · orig. $875,000, on market May 2023 · MLS #PW23075869 · Source: CRMLS

Listing Agent: Robert Compean · Listing Office: Urban Street Ventures, Inc · Contact: 949-955-2855 · Bought with: Jeffrey Isenberg · Buckingham Investments, Inc

$500,000

Sold December 2017 · listed $575,000, orig. $650,000, on market August 2017 · MLS #PW17179079 · Source: CRMLS

Listing Agent: Judy Borowski · Listing Office: Century 21 Discovery · Contact: 714-626-2000 · Bought with: Judy Borowski · Century 21 Discovery

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