Courtesy of CMC Realty & Lending, Charles Chang. IDX Contact: 562-843-8284

416 W Burnett Street Unit 1-4 Long Beach, CA 90806
$1,275,000
beds
0 baths
sq ft

Contact Us to Learn More

David Oronoz

David Oronoz

Principal | Multifamily Investments

DRE# 01838862

Bobby Aschtiani

Bobby Aschtiani

Principal | Multifamily Investments

DRE# 02048373

Chris Pettit

Chris Pettit

Founder

DRE# 01983950

Property Description

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.

Property Details & Features

Property Type

  • Residential Income

Year Built

  • 1929

House

  • Built in 1929
  • 2355 total building sqft
  • 1 Common Wall

Community

  • Storm Drain(s)
  • Street Lights
  • Sidewalks

Cooling

  • No cooling

Expenses

  • Electric Expense: $600
  • Insurance Expense: $900
  • Operating Expense: $22,900
  • Water Sewer Expense: $1,200

Garage

  • 2 garage spaces

Heating

  • Wall Furnace

Income

  • Gross Income: 73140
  • Gross Scheduled Income: 72240
  • Net Operating Income: 45728

Listing

  • First day on market
  • Listed on 2021-10-11

Location

  • County: Los Angeles
  • Subdivision: Wrigley Area (WR)

Lot

  • 2754 sqft
  • 0.06 acres
  • Area: 2754

Parking

  • 1 open parking space
  • 3 total parking spaces

Property

  • 2 buildings
  • 4 units
  • Property attached

Sewer

  • Public Sewer

Utilities

  • 4 separate electric meters
  • 4 separate gas meters
  • Overhead Utilities

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