1624 W Summit Street, Long Beach, CA 90810

• 3 beds
• 2,164 sqft

Property Description

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.

Listing Status:

Active

Date Added:

March 17, 2026

Data Last Updated:

April 1, 2026 at 9:09PM

Listing Office:

The Agency : 424-230-3700

Listing Agent:

Jonathan Swire : 310-948-2631

MLS ID:

CL26665817

Interior

• A/C: No Air Conditioning
• Heating: Wall Furnace

Exterior

• Parking: AssignedParking spaces: 3

Location

• County: Los Angeles

Lot

• Zoning: LBR2N7431027013