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416 W Burnett St #1, Long Beach, CA 90806
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416 W Burnett St #1 Long Beach, CA 90806

$1,215,000 Sold Price as of 01/21/2022
  • 4 Beds
  • 4 Baths
  • 2,355 Sq.Ft.
Sold
$1,215,000 Sold Price as of 01/21/2022 Refinance Your Mortgage
Map preview of 416 W Burnett St #1, Long Beach, CA 90806

Property Overview: 416 W Burnett St #1 Long Beach, CA has 4 bedrooms, 4 bathrooms, 2,355 living square feet and 2,754 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Adorable Spanish Quad in the Wrigley area. The stable, consistently performing income property is great as a "turn key" investment or owner occupancy. The property has two (1) car garages, a detached storage shed with parking for two additional cars in front of it. The storage shed produces an extra $75 in income per month. There is an elementary school in front so no homes or apartment buildings to use up the street parking. Parking is abundant when guests come to visit.

Listed by Charles Chang | BRE #01327098 | CMC Realty & Lending
Last checked: 10 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 38

Home details

Lot Sq. Ft
2,754
HOA Dues
$0/mo
Year built
1929
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW21225719
City
Long Beach
County
Los Angeles
Time on Site
1073 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,595
  • Total Rent: $1,595
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $1,495
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $1,495
  • Pro Forma/Market Rent: $1,595
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,435
  • Total Rent: $1,495
  • Pro Forma/Market Rent: $1,595
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $72,240
  • Net Operating Income: $45,728
  • Gross Operating Income: --
  • # of Rented Garages: 2
  • Laundry Income: $0
  • Other Income 1: $75
  • Other Income Description: Storage Shed
Annual Expense Breakdown
  • Total Operating Expense: $22,900
  • Electric: $600
  • Gas/Fuel: $0
  • Licenses: $500
  • Furniture Replacement: $0
  • Trash: $0
  • Cable TV: $0
  • Gardener: $300
  • Insurance: $900
  • Workman's Comp: $0
  • Water/Sewer: $1,200

Property Details for 416 W Burnett St #1

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 3
Lot Information
  • Lot Features: Utilities - Overhead
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 4
  • Parcel Number: 7205014028
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Wrigley Area (WR)
  • Directions: West of Pacific & South of Cherry
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 416 W Burnett St #1

Last sold for $1,215,000 on January 21st, 2022

  • November, 2021

  • Nov 28, 2021

    Date

    Pending

    CRMLS: PW21225719

    $1,275,000

    Price

  • April, 2020

  • Apr 1, 2020

    Date

    Expired

    CRMLS: PW20002540

    $1,100,000

    Price

  • Mar 26, 2020

    Date

    Active

    CRMLS: PW20002540

    $1,100,000

    Price

  • Mar 25, 2020

    Date

    Hold

    CRMLS: PW20002540

    $1,100,000

    Price

  • Mar 1, 2020

    Date

    Active

    CRMLS: PW20002540

    $1,100,000

    Price

  • Feb 19, 2020

    Date

    Hold

    CRMLS: PW20002540

    $1,100,000

    Price

  • Jan 30, 2020

    Date

    Pending

    CRMLS: PW20002540

    $1,100,000

    Price

  • Jan 5, 2020

    Date

    Active

    CRMLS: PW20002540

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    Adorable Spanish Quad in the Wrigley area. The stable, consistent performing income property is great as a turn-key investment or owner occupancy with rental income to pay for the mortgage. The unit has two (1) car garages, a detached storage shed with parking for two additional cars in front of it. The property is across the street from a school so there is an abundance of street parking for guests.

  • June, 2018

  • Jun 5, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2013

  • Dec 3, 2013

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 416 W Burnett St #1

Assessed Value (2020): $448,754
Year Land Value Improved Value Assessed Value
2020 $112,087 $336,667 $448,754

Home Value Compared to the Market

This property vs the competition

416 W Burnett St #1 sold on January 21, 2022 for 55.68% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $541.4 per/sqft which puts the price per square foot 13.79% lower than the current median sale per square foot for the city of Long Beach.

About 416 W Burnett St #1

Detailed summary of property

416 W Burnett St #1 is a multi family that recently sold in Long Beach, CA 90806. This multi family property offered 4 bedrooms, 4 bathrooms, roughly 2,355 living square feet, and sits on an approximately 2,754 square foot lot. 416 W Burnett St #1 was first listed on ArdentRealEstateGroup.com on October 12, 2021. The homeowner sold the property for $1,215,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 55.68% higher than the current median priced home. Local homes that are currently for sale include 1010 Lime Ave, 1039 E 10th St and 1339 Peterson Ave. While the average home in Long Beach, CA is selling in 62 days, 416 W Burnett St #1 has a days on market of 38 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 416 W Burnett St #1 Long Beach, CA 90806 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 416 W Burnett St #1

Public county record property details
Beds
3
Baths
4
Year built
1929
Sq. Ft.
2,355
Lot Size
2,754
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
13
APN
7205-014-028

The source for these homes facts are from public records.

90806 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$749,900
Median List Price/Sq.Ft.
$531
Median Sold Price
$920,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
20
Median Sale to List Price %
100%
Avg Days on Market
36
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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. 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, 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.

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