Remodeled Home with New
For Sale
$839,900
2033 W Burnett St, Long Beach, CA 90810
Remodeled front home and new construction ADU in Long Beach.
Property Size1,400 SF
Days on Market193
Property Features for 2033 W Burnett St
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Investment
Site & Location
Neighborhood
Westside
Building Details
Building Size
1,400 SF
Year Built
2024
Stories
1
Units
2
Listing Agency:
Villa Realty Group
Listed By:
Linda Corpuz · License #01170779
(714) 315-3920
Source:
Elliman
Added: Apr 24
Changed: Oct 25
Last Checked: Nov 1 at 5:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Villa Realty Group
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Investment Insights
Based on property information with market context.
This property features a newly remodeled front home and a new construction Accessory Dwelling Unit (ADU). Located in a Westside neighborhood, the property is within walking distance of an elementary school, middle school, and high school. The front house is a 2-bedroom, 1-bath home with a fenced front yard. The back house, a new construction from 2024, features 2 bedrooms and 2 bathrooms, walk-in closets, and stackable washer and dryer hookups. Both homes are equipped with air conditioning. The property includes a gated driveway and a spacious front patio for each home. It is currently fully rented and is a short drive to Terminal Island and Long Beach Harbor. The bike score is 57, indicating it is bikeable, the walk score is 65, indicating it is somewhat walkable, and the transit score is 45, indicating some transit options are available.
Key Highlights
- New construction ADU (2 bed, 2 bath) built in 2024.
- Remodeled front house offering 2 beds and 1 bath.
- Both homes feature AC.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,101
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,020
$602.0K
Cap Rate 7%
$430,014
$430.0K
Cap Rate 9%
$334,456
$334.5K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$45.4K $32.40/SF
− Vacancy
−$2.4K −$1.68/SF
EGI
$43.0K $30.72/SF
− OpEx
−$12.9K −$9.21/SF
NOI
$30.1K $21.50/SF
Area
Long Beach, CA
Vacancy
5.20%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,020
Cap Rate 7%
$430,014
Cap Rate 9%
$334,456
Alternative Uses
Best Use
Multifamily LT 5
$430.0K
$376.3K – $501.7K
NOI $30,101 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$382.5K
$334.7K – $446.2K
NOI $26,773 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$749.6K
$655.9K – $874.5K
NOI $52,469 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
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Business Placement
Demographics for 90810, CA
38,529
Population
10,294
Households
3.7
Avg Household Size
37
Median Age
21%
College-Educated
76%
High-School Grad
6.5 sq mi
ZIP Area
5,928
Density / Sq Mi
$82,222
Median Household Income
$39,397
Median Earnings
$1,554
Median Rent
$594,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Remodeled front home and new construction ADU in Long Beach.
Where is this duplex located?
The property is located at 2033 W Burnett St Long Beach, CA.
What is the asking price?
The asking price for this property is $839,900.
What are key features of this property?
This property features: New construction ADU (2 bed, 2 bath) built in 2024.; Remodeled front house offering 2 beds and 1 bath.; Both homes feature AC.
