NOT LISTED FOR SALE

2315 E Spaulding St Long Beach, CA 90804

Cambodia Town Neighborhood
8 Beds
8 Baths
3,798 Sq Ft
6,527 Sq Ft Lot

Last Sold June 22, 2016

Last sale price $895,000 $236 Per Sq Ft

46 Days on Market

Highlights

  • No HOA
  • Woodrow Wilson High School Rated A
  • Laundry Room

About This Home

As of June 2016

Fantastic Investment opportunity! Well maintained 8 unit, 2 building complex. Located close to freeways and employers. All units are occupied. New copper plumbing in 2008, new roof in 1999. Five on-site open parking spaces. Long term tenants. only 1 turnover in the last year.

Last Agent to Sell the Property

Kirby Larson

Estate Properties License #00593173 Listed on: 02/29/2016

Estate Properties

Last Buyer's Agent

Jason Kirklen

Morgan Skenderian License #01939655

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 6,527 Sq Ft Lot
  • Two or More Common Walls
  • Density is 36-40 Units/Acre

Parking

  • 5 Parking Spaces

Home Design

  • Property Attached

Interior Spaces

  • 3,798 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Listing and Financial Details

  • Tax Lot 21
  • Tax Tract Number 6546
  • Assessor Parcel Number 7260015023

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $756
  • Insurance Expense $1,364
  • Maintenance Expense $4,272
  • Professional Management Expense $4,281
  • Trash Expense $564
  • Water Sewer Expense $3,936
  • New Taxes Expense $10,780
  • Gross Income $6,420
  • Net Operating Income $49,075

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Professional Management Expense: 4281.00
  • Property Attached: Yes
  • Subdivision Name Other: Circle (CA)
  • Water Sewer Expenses: 3936.00
  • Property Type: Residential Income
  • Parcel Number: 7260015023
  • Year Built: 1960
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 235.65

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 5.00

Utilities

  • Utilities: Sewer Connected, Sewer Available
  • Laundry: Yes
  • Laundry Features: Community, Individual Room, Outside
  • Trash Expense: 564.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs

Lot Info

  • Lot Features: 36-40 Units/Acre
  • Lot Size Sq Ft: 6527.00
  • Price Per Lot Square Foot: 137.12
  • Lot Size Acres: 0.1500

Multi Family

  • Average1 Bed Area: 500
  • Average2 Bed Area: 600
  • Average Studio Area: 400
  • Electric Expense: 756.00
  • Gross Income: 6420.00
  • Gross Scheduled Income: 77040.00
  • Insurance Expense: 1364.00
  • Lot Size Area: 6527.0000 Square Feet
  • Maintenance Expense: 4272.00
  • Maintenance Percent: 5.50
  • Net Operating Income: 49075.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 26425.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Actual Rent: 6295.00
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 10780.00
  • Tax Lot: 21
  • Tax Tract Number: 6546

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/22/2016 06/22/16 Sold $895,000 -0.4% $236 / Sq Ft
04/15/2016 04/15/16 Pending -- -- --
02/29/2016 02/29/16 For Sale $899,000 +32.2% $237 / Sq Ft
04/04/2014 04/04/14 Sold $680,000 +6.6% $179 / Sq Ft View Prior Sale
02/28/2014 02/28/14 Pending -- -- --
02/25/2014 02/25/14 For Sale $638,000 -- $168 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kirby Larson

    Seller's Agent in 2016

    Kirby Larson

    RE/MAX

    (310) 897-2257

    12 Total Sales

    Kirby Larson
    Section Image

  • J

    Buyer's Agent in 2016

    Jason Kirklen

    Morgan Skenderian

    Section Image
  • Devin Lucas

    Seller's Agent in 2014

    Devin Lucas

    Coldwell Banker Realty

    (949) 717-6000

    30 Total Sales

    Devin Lucas
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PV16041854

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90804 Cambodia Town

2315 E Spaulding St, Long Beach, CA

Not Listed for Sale

MultiFamily

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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