NOT LISTED FOR SALE

116 E Burnett St Long Beach, CA 90806

Southeast Wrigley Neighborhood

Estimated Value: $893,386 - $1,080,000

4 Beds
3 Baths
2,589 Sq Ft
$387/Sq Ft Est. Value

Last Sold July 17, 2014

Last sale price $475,000 $183 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $5,903/month

271 Days on Market

Highlights

  • Laundry Room
  • Carpet
  • Wall Furnace
  • Long Beach Polytechnic High School Rated A

About This Home

As of July 2014

Two rental buildings on a 5,842 sq ft lot. The front unit is a single family home with 2 bedrooms 1 baths. The 2nd building has three one bedroom units. Two single one car garages and two parking spaces. All units have long term tenants, with no increase in rents. Seller pays for water only. Laundry room. The buildings has a lot of defered maintance. Drive by only - when offer is excepted it will be subject to inspection. Sold-as-is.

Last Agent to Sell the Property

Maureen Barnes

First Team Real Estate License #01247412 Listed on: 07/14/2014

Last Buyer's Agent

Larissa Rubijevsky

Estate Properties License #01347242

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 5,842 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 2,589 Sq Ft Home
  • Drapes & Rods
  • Carpet
  • Gas Cooktop
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Utilities

  • Wall Furnace
  • 220 Volts in Garage

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 1
  • Tax Tract Number 7715
  • Assessor Parcel Number 7205018003

Community Details

Overview

  • 2 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,356
  • Water Sewer Expense $960
  • New Taxes Expense $5,940
  • Gross Income $4,100
  • Net Operating Income $35,098

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Stoves, 4 Refridgerator
  • Property Attached: Yes
  • Subdivision Name Other: Wrigley Area (WR)
  • Water Sewer Expenses: 960.00
  • Property Type: Residential Income
  • Parcel Number: 7205018003
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 183.47
  • Window Features: Drapes

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop
  • Electric: 220 Volts in Garage
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5842.00
  • Lot Size Acres: 0.1340

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 4100.00
  • Gross Scheduled Income: 42000.00
  • Insurance Expense: 1356.00
  • Lot Size Area: 5842.0000 Square Feet
  • Net Operating Income: 35098.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Number With Disposal: 5
  • Number With Patio: 1
  • Number With Range: 5
  • Number With Refrigerator: 4
  • Operating Expense: 7152.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 5940.00
  • Taxes Percent: 1.15
  • Tax Lot: 1
  • Tax Tract Number: 7715
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2025
Sold by
Peter And Olena Kostiw Family Trust and Kostiw Peter
Bought by
Kostiw Peter and Kostiv Olena
Current Estimated Value
$1,002,597

Purchase Details

Closed on
Jan 17, 2018
Sold by
Kostiw Peter and Kostiv Olena
Bought by
Kostiw Peter and Kostiv Olena

Purchase Details

Listed on
Jul 14, 2014
Closed on
Jun 10, 2014
Sold by
Smith Wilkins Deborah
Bought by
Kostiw Peter and Kostiv Olena
Seller's Agent
Maureen Barnes
First Team Real Estate
Buyer's Agent
Larissa Rubijevsky
Estate Properties
List Price
$499,999
Sold Price
$475,000
Premium/Discount to List
-$24,999
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.74%
Original Mortgage
$280,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2002
Sold by
Wilkins James Orville
Bought by
Smith Wilkins Deborah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,200
Interest Rate
6.06%

Purchase Details

Closed on
Oct 21, 2002
Sold by
Sargent Nick and Sargent Karen
Bought by
Wilkins Deborah Smith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,200
Interest Rate
6.06%

Purchase Details

Closed on
Apr 13, 1999
Sold by
Alvarez Bruce
Bought by
Alvarez Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,900
Interest Rate
6.9%

Purchase Details

Closed on
Mar 12, 1999
Sold by
Sargent Nick and Sargent Karen
Bought by
Alvarez Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,900
Interest Rate
6.9%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kostiw Peter -- None Listed On Document
Kostiw Peter -- None Available
Kostiw Peter $475,000 Western Resources Title
Smith Wilkins Deborah -- Chicago Title Co
Sargent Nick -- Chicago Title Co
Wilkins Deborah Smith $339,000 Chicago Title Co
Alvarez Bruce -- American Title Co
Alvarez Bruce -- American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kostiw Peter $280,000
Previous Owner Wilkins Deborah Smith $271,200
Previous Owner Alvarez Bruce $198,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2014 07/17/14 Sold $475,000 -5.0% $183 / Sq Ft
05/31/2014 05/31/14 Pending -- -- --
09/02/2013 09/02/13 For Sale $499,999 -- $193 / 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 $7,795 $570,869 $240,367 $330,502
2024 $7,795 $559,676 $235,654 $324,022
2023 $7,659 $548,703 $231,034 $317,669
2022 $7,204 $537,945 $226,504 $311,441
2021 $7,048 $527,398 $222,063 $305,335
2020 $7,030 $521,992 $219,787 $302,205
2019 $6,948 $511,758 $215,478 $296,280
2018 $6,691 $501,724 $211,253 $290,471
2016 $6,156 $482,243 $203,050 $279,193
2015 $5,917 $475,000 $200,000 $275,000
2014 $5,151 $400,514 $174,856 $225,658
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Maureen Barnes

    First Team Real Estate

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13179241

California Regional Multiple Listing Service (CRMLS)

APN: 7205-018-003

California Los Angeles County Long Beach 90806 Southeast Wrigley

116 E Burnett St, Long Beach, CA

Not Listed for Sale

MultiFamily

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