NOT LISTED FOR SALE

2726 E Spaulding St Long Beach, CA 90804

Zaferia Neighborhood
20 Beds
10 Baths
7,794 Sq Ft
0.3 Acres

Last Sold March 30, 2012

Last sale price $1,210,000 $155 Per Sq Ft

178 Days on Market

Highlights

  • 0.3 Acre Lot
  • Carpet
  • 3-minute walk to Orizaba Park
  • Woodrow Wilson High School Rated A
  • No Heating

About This Home

As of March 2012

100% Occupied! 12 Unit Building in great Eastside location. The property consists of two 6 unit Courtyard Style buildings (2726 & 2730 Spaulding)on separate parcels, made up of all 2 bed/1 bath units. All units are separately metered for gas and electricity, two water heaters, and two laundry rooms. New roof in 2003. There is 1 garage and 9 parking spaces. The building and units are clean and in good condition. Rents are below market, making this property a great investment and value add opportunity. Standard Sale. Note - The laundry equipment is leased from WASH. For 2010, gross laundry income was $4508, leasing costs were $1346, so net was $3162 for the year or about $264/mo.

Last Agent to Sell the Property

Spencer Pabst

Pabst, Kinney & Associates License #01849377 Listed on: 08/15/2011

Last Buyer's Agent

Spencer Pabst

Pabst, Kinney & Associates License #01849377 Listed on: 08/15/2011

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.3 Acre Lot

Parking

  • 1 Car Garage

Home Design

  • Stucco

Interior Spaces

  • 7,794 Sq Ft Home
  • Carpet
  • Leased Washer and Dryer

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 10 Bathrooms

Utilities

  • No Heating
  • Sewer Paid

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 27
  • Tax Tract Number 1577
  • Assessor Parcel Number 7260018018

Community Details

Overview

  • 2 Buildings
  • 12 Units

Building Details

  • 14 Separate Electric Meters
  • 14 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $10,568
  • Net Operating Income $87,245

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Parking

1

Listing Details

  • Assessments: No
  • CapRate: 6.92
  • View: No
  • Property Type: Residential Income
  • Parcel Number: 7260018018
  • Year Built: 1958
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Appliances: Yes
  • Levels: Two
  • Price Per Square Foot: 155.25

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: No
  • Total Parking Spaces: 10.00

Utilities

  • Utilities: Sewer Connected
  • Heating: No
  • Laundry: No
  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Size Sq Ft: 12998.00
  • Lot Size Acres: 0.2980

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 10568.00
  • Gross Multiplier: 9.94
  • Gross Scheduled Income: 126816.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 12998.0000 Square Feet
  • Net Operating Income: 87245.00
  • Number Of Separate Electric Meters: 14
  • Number Of Separate Gas Meters: 14
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 12
  • Operating Expense: 39571.00

Tax Info

  • Tax Area: 5500
  • Tax Lot: 27
  • Tax Tract Number: 1577

Range of Values:

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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 Change Sq Ft Price
03/30/2012 03/30/12 Sold $1,210,000 -6.6% $155 / Sq Ft
02/09/2012 02/09/12 Pending -- -- --
08/15/2011 08/15/11 For Sale $1,295,000 -- $166 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Spencer Pabst

    Seller's Agent in 2012

    Spencer Pabst

    Pabst, Kinney & Associates

    (562) 884-6875

    2 in this area

    55 Total Sales

    Spencer Pabst
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: P792907

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

2726 E Spaulding St, Long Beach, CA

This home is located at 2726 E Spaulding St, Long Beach, CA 90804 since 15 August 2011. This property was built in 1958. 2726 E Spaulding St is a home located in Los Angeles County with nearby schools including Nieto Herrera Elementary School, Woodrow Wilson High School, and Creative Arts School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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