NOT LISTED FOR SALE

1624 W Summit St Long Beach, CA 90810

Lower Westside Neighborhood

Estimated Value: $858,000 - $1,032,000

5 Beds
3 Baths
2,218 Sq Ft
$423/Sq Ft Est. Value

Last Sold June 14, 2023

Last sale price $890,000 $401 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $6,095/month

12 Days on Market

Highlights

  • Private Yard
  • 3 Car Garage
  • 1-Story Property
  • Laundry Room

About This Home

As of June 2023

GREAT LOOKING TRIPLEX. 2- TWO BED UNITS AND 1- ONE BED UNIT. 3-CAR GARAGE. 1622 W. SUMMIT ST. IS ALSO FOR SALE FOR $875,000. IT IS ALMOST IDENTICAL TRIPLEX.

Last Agent to Sell the Property

Robert Compean

Urban Street Ventures, Inc License #01001161 Listed on: 05/03/2023

Last Buyer's Agent

Jeffrey Isenberg

Buckingham Investments, Inc License #02059354

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,954

Year Built

  • Built in 1959

Lot Details

  • 6,515 Sq Ft Lot
  • No Common Walls
  • Private Yard

Parking

  • 3 Car Garage
  • Parking Available

Home Design

  • Triplex

Interior Spaces

  • 2,218 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Additional Features

  • Urban Location
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Legal Lot and Block 14 / 9
  • Tax Tract Number 1833
  • Assessor Parcel Number 7431027014
  • $660 per year additional tax assessments

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $5,267

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,954

Year Built

Built in 1959

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 296667
  • Property Attached: No
  • Zoning: LBR2N
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 7431027014
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 401.26

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 3.00

Utilities

  • Laundry: Yes
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 6515.00
  • Lot Size Acres: 0.1496

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 5267.00
  • Gross Scheduled Income: 5267.00
  • Lot Size Area: 6515.0000 Square Feet
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: Yes

Tax Info

  • Tax Block: 9
  • Tax Census Tract: 5780.00
  • Tax Lot: 14
  • Tax Tract Number: 1833
  • TaxOtherAnnualAssessmentAmount: 660.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2023
Closed on
Jul 14, 2023
Sold by
Thorson Matthew and Thorson Laura
Bought by
West Summit Ventures Llc
Seller's Agent
Robert Compean
Urban Street Ventures, Inc
Buyer's Agent
Jeffrey Isenberg
Buckingham Investments, Inc
List Price
$875,000
Sold Price
$890,000
Premium/Discount to List
$15,000
1.71%
Views
174
Current Estimated Value
$937,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,746
Avg. Annual Appreciation
1.99%
Original Mortgage
$667,500
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 3, 2023
Closed on
May 19, 2023
Sold by
Tulip Holdings Llc
Bought by
Thorson Matthew and Thorson Laura
Seller's Agent
Robert Compean
Urban Street Ventures, Inc
Buyer's Agent
Jeffrey Isenberg
Buckingham Investments, Inc
List Price
$875,000
Sold Price
$890,000
Premium/Discount to List
$15,000
1.71%
Views
174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$667,500
Interest Rate
6.39%
Mortgage Type
New Conventional

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
11.05%

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 Holdings 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
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 28, 2005
Sold by
Toma Hideo and Nakamura Kimiyo
Bought by
Toma Hideo and Toma Mieko
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
West Summit Ventures Llc -- None Listed On Document
Thorson Matthew $890,000 California Best Title
Marigold Holdings Llc -- None Available
Urban Street Ventures Inc $500,000 Chicago Title Company
Tulip Holdings Llc -- North American Title
Toma Hideo -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thorson Matthew $667,500
Previous Owner Tulip Holdings Llc $2,000,000
Previous Owner Tulip Holdings Llc $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2023 06/14/23 Sold $890,000 0.0% $401 / Sq Ft
05/15/2023 05/15/23 Pending -- -- --
05/15/2023 05/15/23 Price Changed $890,000 +1.7% $401 / Sq Ft
05/03/2023 05/03/23 For Sale $875,000 +75.0% $394 / Sq Ft
12/13/2017 12/13/17 Sold $500,000 -13.0% $231 / Sq Ft
10/23/2017 10/23/17 Pending -- -- --
10/17/2017 10/17/17 Price Changed $575,000 -11.5% $266 / Sq Ft
08/02/2017 08/02/17 For Sale $650,000 -- $300 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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
2025 $11,954 $925,956 $624,240 $301,716
2024 $11,954 $907,800 $612,000 $295,800
2023 $8,844 $656,184 $382,775 $273,409
2022 $8,310 $643,319 $375,270 $268,049
2021 $8,140 $630,706 $367,912 $262,794
2019 $8,025 $612,000 $357,000 $255,000
2018 $7,743 $600,000 $350,000 $250,000
2017 $1,194 $57,397 $21,724 $35,673
2016 $1,107 $56,273 $21,299 $34,974
2015 $1,075 $55,429 $20,980 $34,449
2014 $1,088 $54,345 $20,570 $33,775
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

    52 Total Sales

    Robert Compean
    Section Image
  • Jeffrey Isenberg

    Buyer's Agent in 2023

    Jeffrey Isenberg

    Buckingham Investments, Inc

    (310) 982-7055

    1 in this area

    17 Total Sales

    Jeffrey Isenberg
    Section Image
  • Judy Borowski

    Seller's Agent in 2017

    Judy Borowski

    Century 21 Discovery

    (714) 329-6333

    51 Total Sales

    Judy Borowski
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23075869

California Regional Multiple Listing Service (CRMLS)

APN: 7431-027-013

California Los Angeles County Long Beach 90810 Lower Westside

1624 W Summit St, Long Beach, CA

This home is located at 1624 W Summit St, Long Beach, CA 90810 since 03 May 2023 and is currently estimated at $937,746, approximately $422 per square foot. This property was built in 1959. 1624 W Summit St is a home located in Los Angeles County with nearby schools including Garfield Elementary School, Juan Rodriguez Cabrillo High School, and We the People High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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