1622 W Summit St Long Beach, CA 90810
Lower Westside Neighborhood
3
Beds
3
Baths
2,218
Sq Ft
6,515
Sq Ft Lot
Highlights
- No Units Above
- Cooling System Mounted To A Wall/Window
- Level Lot
- No HOA
- Laundry Room
- Wall Furnace
About This Home
As of August 2023Single level Triplex available in Long Beach. Close to the 405 and PCH. Live in one and rent the other two to help pay the mortgage or rent all three for residual income. All three are currently tenant occupied, so no showings are available at this time. Two of the units have been remodels, according to the lady that does management. Her rent is exceptionally low, due to her services. All three units are over due for rent increases.
The building next door, at 1624 W. Summit is also for sale and price will be discounted if both are purchased together. There is a community laundry that could be changed to coin operated to bring in extra income. Each unit has a one car garage and alley access. DRIVE BY ONLY, DO NOT DISTURB TENANTS.
Last Agent to Sell the Property
Century 21 Discovery License #01239372 Listed on: 08/02/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,547
Year Built
- Built in 1959
Lot Details
- 6,515 Sq Ft Lot
- No Units Above
- No Units Located Below
- Two or More Common Walls
- Level Lot
- Front Yard
Parking
- 1 Car Garage
Home Design
- Triplex
Interior Spaces
- 2,218 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 3 Full Bathrooms
Outdoor Features
- Rain Gutters
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Sewer Paid
Community Details
- No Home Owners Association
- Laundry Facilities
Listing and Financial Details
- Legal Lot and Block 1833 / 13
- Tax Tract Number 1833
- Assessor Parcel Number 7431027014
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 3, 2023
Closed on
Jun 23, 2023
Sold by
Tulip Holdings Llc
Bought by
Suy Michelle
Seller's Agent
Robert Compean
Urban Street Ventures, Inc
Buyer's Agent
Patricia Conejos
Berkshire Hathaway HomeServices California Properties
List Price
$875,000
Sold Price
$875,000
Total Days on Market
82
Views
289
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,700
Avg. Annual Appreciation
0.42%
Original Mortgage
$375,000
Outstanding Balance
$367,716
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$513,984
Purchase Details
Listed on
Aug 2, 2017
Closed on
Dec 18, 2017
Sold by
Urban Street Ventures Inc
Bought by
Marigold Holdings Llc
Seller's Agent
Judy Borowski
Century 21 Discovery
Buyer's Agent
Judy Borowski
Century 21 Discovery
List Price
$650,000
Sold Price
$500,000
Premium/Discount to List
-$150,000
-23.08%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.43%
Purchase Details
Listed on
Aug 2, 2017
Closed on
Nov 9, 2017
Sold by
Toma Mieko and Toma Tlalka Kristine Y
Bought by
Urban Street Ventures Inc
Seller's Agent
Judy Borowski
Century 21 Discovery
Buyer's Agent
Judy Borowski
Century 21 Discovery
List Price
$650,000
Sold Price
$500,000
Premium/Discount to List
-$150,000
-23.08%
Purchase Details
Closed on
Mar 20, 2017
Sold by
Marigold Holdings Llc
Bought by
Tulip Holding Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
4.4%
Mortgage Type
Commercial
Purchase Details
Closed on
Dec 28, 2005
Sold by
Toma Hideo and Nakamura Kimiyo
Bought by
Toma Hideo and Toma Mieko
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $875,000 | California Best Title | |
| Grant Deed | -- | None Available | |
| Grant Deed | $500,000 | Chicago Title Company | |
| Grant Deed | -- | North American Title | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $375,000 | New Conventional | |
| Previous Owner | $2,000,000 | Commercial | |
| Previous Owner | $2,000,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/03/2023 08/03/23 | Sold | $875,000 | 0.0% | $394 / Sq Ft |
| 06/22/2023 06/22/23 | Pending | -- | -- | -- |
| 05/03/2023 05/03/23 | For Sale | $875,000 | +75.0% | $394 / Sq Ft |
| 12/13/2017 12/13/17 | Sold | $500,000 | -9.1% | $225 / Sq Ft |
| 10/23/2017 10/23/17 | Pending | -- | -- | -- |
| 10/17/2017 10/17/17 | Price Changed | $550,000 | -15.4% | $248 / Sq Ft |
| 08/02/2017 08/02/17 | For Sale | $650,000 | -- | $293 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $11,547 | $875,000 | $575,000 | $300,000 |
| 2023 | $8,843 | $656,184 | $382,775 | $273,409 |
| 2022 | $8,310 | $643,319 | $375,270 | $268,049 |
| 2021 | $8,139 | $630,706 | $367,912 | $262,794 |
| 2020 | $8,118 | $624,240 | $364,140 | $260,100 |
| 2019 | $8,024 | $612,000 | $357,000 | $255,000 |
| 2018 | $7,746 | $600,000 | $350,000 | $250,000 |
| 2017 | $1,161 | $54,439 | $21,724 | $32,715 |
| 2016 | $1,076 | $53,373 | $21,299 | $32,074 |
| 2015 | $1,045 | $52,573 | $20,980 | $31,593 |
| 2014 | $1,058 | $51,545 | $20,570 | $30,975 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Compean
Seller's Agent in 2023
Robert Compean
Urban Street Ventures, Inc
(949) 241-9644
2 in this area
56 Total Sales
-
Patricia Conejos
Buyer's Agent in 2023
Patricia Conejos
Berkshire Hathaway HomeServices California Properties
(562) 881-4107
1 in this area
48 Total Sales
-
Judy Borowski
Seller's Agent in 2017
Judy Borowski
Century 21 Discovery
(714) 329-6333
51 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW17179117
APN: 7431-027-014
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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