1624 W Summit Street

Long Beach, CA 90810

3 units in Long Beach NOT subject to local rent control. 3 units in Long Beach 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. 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). EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.