NOT LISTED FOR SALE

702 E Burnett St Long Beach, CA 90806

Sunrise Neighborhood

Estimated Value: $1,140,000 - $1,284,000

8 Beds
4 Baths
2,964 Sq Ft
$402/Sq Ft Est. Value

Last Sold April 07, 2021

Last sale price $950,000 $321 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $7,583/month

9 Days on Market

About This Home

As of April 2021

We are pleased to present 702 E Burnett Street, a four unit property located in the City of Long Beach, California. Built in 1924, the property is situated on a 2,883 square foot lot zoned LBR1N near the intersection of Lime Avenue and E Burnett Street. The property consists of one structure with four two bedroom, one bathroom units. All the units are individually metered for electricity and gas. Located in the South Wrigley area of town, this property boasts convenient access to the 710 freeway and all of downtown Long Beach. Located in a strong rental market, the City of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach Port is currently undergoing 4.4 billion in future redevelopments, creating 14,000 new and permanent jobs in Southern California.

Last Agent to Sell the Property

Michael Jacobs

Kidder Mathews of California, Inc. License #01979550 Listed on: 02/10/2021

Last Buyer's Agent

Anthony Walker

License #01908153

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,302

Year Built

  • Built in 1924

Lot Details

  • 2,883

Interior Spaces

  • 2,964 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Additional Features

  • 2,883 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 4 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for gas, electricity, trash collection
  • The owner pays for water
  • Assessor Parcel Number 7211-009-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,302

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 2964
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Laundry: Community, In Unit
  • Total Bathrooms: 4.00
  • Price Per S Q F T: 320.51

Exterior Features

  • Other Structures: None

Utilities

  • Heating: Wall Gas
  • Water Heaters: Yes

Lot Info

  • Assessor Parcel Number: 7211-009-001
  • Lot Size Area: 2883

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Gas, Electricity, Trash Collection

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 14.21
  • Number Of Units: 4
  • Total Annual Expense: 18344
  • Type Of Units: Two Bedroom
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2021
Closed on
Feb 16, 2021
Sold by
Gochuicio Fred N
Bought by
Irvin Nygel
Seller's Agent
Michael Jacobs
Kidder Mathews of California, Inc.
Buyer's Agent
Anthony Walker
List Price
$950,000
Sold Price
$950,000
Current Estimated Value
$1,190,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,415
Avg. Annual Appreciation
5.26%
Original Mortgage
$950,000
Interest Rate
2.9%
Mortgage Type
VA

Purchase Details

Closed on
Apr 17, 2019
Sold by
Atienza Evangeline S
Bought by
Gochuico Fred N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 2, 2013
Closed on
Nov 27, 2013
Sold by
Merriman Aaron R
Bought by
Gochuico Fred N
Seller's Agent
Mark Shandrow
Shandrow Group
Buyer's Agent
Adam Huss
Huss Real Estate
List Price
$569,000
Sold Price
$540,000
Premium/Discount to List
-$29,000
-5.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.01%
Original Mortgage
$494,505
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 11, 2012
Sold by
Lujan Aaron
Bought by
Merriman Aaron R and Merriman Allison Rivera

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2011
Sold by
Merriman Aaron
Bought by
Merriman Aaron and Merriman Allison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,500
Interest Rate
4.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2011
Sold by
Lujan Aaron
Bought by
Merriman Aaron R and Merriman Allison Rivera

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,500
Interest Rate
4.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 10, 2011
Sold by
Merriman Allison
Bought by
Merriman Aaron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
4.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 20, 2011
Sold by
Federal National Mortgage Association
Bought by
Lujan Aaron and Merriman Aaron

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
4.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 2010
Sold by
Herrera Carlos
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
May 7, 2001
Sold by
Cal To Cal Investments Llc
Bought by
Walker Nicholas Ryan and Herrera Carlos

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,287
Interest Rate
7.14%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 31, 2000
Sold by
Moschella Filippo
Bought by
Cal To Cal Investments Llc

Purchase Details

Closed on
Apr 18, 2000
Sold by
Hud
Bought by
Moschella Filippo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
8.08%

Purchase Details

Closed on
Dec 8, 1999
Sold by
North American Mtg Company
Bought by
Hud

Purchase Details

Closed on
Nov 23, 1999
Sold by
Velasquez Raul
Bought by
North American Mtg Company

Purchase Details

Closed on
Sep 17, 1998
Sold by
Rodriguez George
Bought by
Velazquez Raul and Vicente Irma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,418
Interest Rate
6.88%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 15, 1998
Sold by
Vanwynbergen Lionel
Bought by
Rodriguez Jorge

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,418
Interest Rate
6.88%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Irvin Nygel $950,000 Ticor Title Company
Gochuico Fred N -- Wfg National Title
Gochuico Fred N $540,000 Old Republic
Merriman Aaron R -- Fidelity National Title
Merriman Aaron -- None Available
Merriman Aaron R -- Pacific Coast Title Company
Merriman Aaron -- Lsi Title Company Ca
Lujan Aaron -- Lsi Title Company Ca
Lujan Aaron $281,000 Lsi Title Company Ca
Federal National Mortgage Association $255,751 Security Union Title Ins Co
Walker Nicholas Ryan $305,000 Southland Title
Cal To Cal Investments Llc -- --
Moschella Filippo $175,000 Chicago Title
Hud -- Benefit Land Title Ins Co
North American Mtg Company $301,654 Benefit Land Title Ins Co
Velazquez Raul $296,000 American Title Co
Rodriguez Jorge $140,000 North American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Irvin Nygel $950,000
Previous Owner Gochuico Fred N $465,904
Previous Owner Gochuico Fred N $450,000
Previous Owner Gochuico Fred N $494,505
Previous Owner Merriman Aaron R $301,000
Previous Owner Merriman Aaron R $182,500
Previous Owner Lujan Aaron $175,000
Previous Owner Herrera Carlos $188,000
Previous Owner Herrera Carlos $304,703
Previous Owner Walker Nicholas Ryan $300,287
Previous Owner Moschella Filippo $195,000
Previous Owner Velazquez Raul $283,418
Previous Owner Rodriguez Jorge $139,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2021 04/07/21 Sold $950,000 0.0% $321 / Sq Ft
02/19/2021 02/19/21 Pending -- -- --
02/10/2021 02/10/21 For Sale $950,000 +75.9% $321 / Sq Ft
01/06/2014 01/06/14 Sold $540,000 -5.1% $182 / Sq Ft
11/26/2013 11/26/13 Pending -- -- --
10/02/2013 10/02/13 For Sale $569,000 -- $192 / Sq Ft
Source: The MLS

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 $13,302 $1,028,309 $432,972 $595,337
2024 $13,302 $1,008,147 $424,483 $583,664
2023 $13,076 $988,380 $416,160 $572,220
2022 $12,275 $969,000 $408,000 $561,000
2021 $7,909 $611,548 $226,498 $385,050
2020 $7,887 $605,618 $224,176 $381,442
2019 $7,793 $593,751 $219,781 $373,970
2018 $7,571 $582,116 $215,472 $366,644
2016 $6,958 $559,187 $207,106 $352,081
2015 $6,683 $550,789 $203,996 $346,793
2014 $4,057 $305,059 $207,654 $97,405
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Michael Jacobs

    Kidder Mathews of California, Inc.

  • A

    Buyer's Agent in 2021

    Anthony Walker

  • M

    Seller's Agent in 2014

    Mark Shandrow

    Shandrow Group

    Section Image
  • Adam Huss

    Buyer's Agent in 2014

    Adam Huss

    Huss Real Estate

    (562) 626-8600

    19 Total Sales

    Adam Huss
    Section Image
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Map

Source: The MLS

MLS Number: 21-691876

The MLS

APN: 7211-009-001

California Los Angeles County Long Beach 90806 Sunrise

702 E Burnett St, Long Beach, CA

This home is located at 702 E Burnett St, Long Beach, CA 90806 since 10 February 2021 and is currently estimated at $1,190,415, approximately $401 per square foot. This property was built in 1924. 702 E Burnett St is a home located in Los Angeles County with nearby schools including Bobbie Smith Elementary, Nelson Academy, and Long Beach Polytechnic High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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