NOT LISTED FOR SALE

2907 E Spaulding St Unit 301 Long Beach, CA 90804

Zaferia Neighborhood

Estimated Value: $328,000 - $482,000

3 Beds
3 Baths
830 Sq Ft
$472/Sq Ft Est. Value

Last Sold February 03, 2015

Last sale price $2,550,000 $3,072 Per Sq Ft

Current estimated payment $4,895/month

84 Days on Market

Highlights

  • Fitness Center
  • 0.44 Acre Lot
  • Picnic Area
  • Woodrow Wilson High School Rated A
  • Laundry Room
  • 3-minute walk to Orizaba Park

About This Home

As of February 2015

13 Beautifully upgraded condo's available to buy as a package. All units rented with great tenants. All units have there own washer and dryers inside there units. This building has been professionally managed and is running smoothly. This is a turnkey investment that could be sold 1 by 1 in the future.

Last Agent to Sell the Property

Mark Jensen

eXp Realty of Greater L.A License #01739865 Listed on: 12/30/2014

eXp Realty of Greater L.A

Last Buyer's Agent

Frank Agulto

Frank Agulto, Broker License #01106226

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,734

Year Built

  • Built in 1987

Lot Details

  • 0.44 Acre Lot
  • Two or More Common Walls
  • Density is 11-15 Units/Acre

HOA Fees

  • $2,600 Monthly HOA Fees

Parking

  • 17 Car Garage

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 830 Sq Ft Home
  • 3-Story Property
  • Gas Cooktop

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Exterior Lighting
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 1
  • Tax Tract Number 61492
  • Assessor Parcel Number 7259025055

Community Details

Overview

  • Master Insurance
  • 13 Units
  • Association Phone (562) 434-1100
  • Maintained Community

Amenities

  • Picnic Area

Recreation

  • Fitness Center

Pet Policy

  • Pet Restriction

Building Details

  • 13 Leased Units
  • 15 Separate Electric Meters
  • 15 Separate Gas Meters
  • 1 Separate Water Meter
  • Other Expense $31,200
  • Professional Management Expense $8,520
  • New Taxes Expense $28,600
  • Gross Income $12,566
  • Net Operating Income $150,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,734

Year Built

Built in 1987

Lot Details

0

HOA Fees

$2,600 per month

Parking

17

Listing Details

  • Professional Management Expense: 8520.00
  • Property Attached: Yes
  • Subdivision Name Other: Spaulding Vista
  • Property Type: Residential Income
  • Parcel Number: 7259025055
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 3072.29

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 17.00
  • Total Parking Spaces: 19.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Cooktop, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Dryer Included, Washer Included
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Dues Paid Monthly, Gym/Ex Room, Insurance, Maintenance Grounds, Pet Rules, Picnic Area, Trash, Water
  • Association Fee: 2600.00
  • Association Fee Frequency: Monthly
  • Phone: 562 434-1100
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: 11-15 Units/Acre
  • Lot Size Sq Ft: 19244.00
  • Lot Size Acres: 0.4420

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 620
  • Average2 Bed Area: 918
  • Gross Income: 12566.00
  • Gross Scheduled Income: 213000.00
  • Lot Size Area: 19244.0000 Square Feet
  • Net Operating Income: 150800.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 15
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 13
  • Number Of Units Total: 13
  • Operating Expense: 62200.00
  • Other Expense: 31200.00
  • Rent Control: No
  • Total Actual Rent: 17750.00

Tax Info

  • New Taxes Expense: 28600.00
  • Tax Lot: 1
  • Tax Tract Number: 61492
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 13, 2021
Sold by
7255 Llc
Bought by
Fra Spaulding Llc
Current Estimated Value
$391,370

Purchase Details

Listed on
Dec 30, 2014
Closed on
Jan 21, 2015
Sold by
Jct Investments Llc
Bought by
7255 Llc
Seller's Agent
Mark Jensen
eXp Realty of Greater L.A
Buyer's Agent
Frank Agulto
Frank Agulto, Broker
List Price
$2,650,000
Sold Price
$2,550,000
Premium/Discount to List
-$100,000
-3.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-16.50%
Original Mortgage
$1,657,000
Outstanding Balance
$1,272,833
Interest Rate
3.76%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
-$898,487

Purchase Details

Closed on
Feb 5, 2008
Sold by
Jit Hing Holdings Inc
Bought by
Jct Investments Llc
Source: Public Records

Range of Values:

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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
Fra Spaulding Llc -- None Available
7255 Llc $2,550,000 Chicago Title Company
Jct Investments Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 7255 Llc $1,657,000
Previous Owner Jct Investments Llc $1,650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2015 02/03/15 Sold $2,550,000 -3.8% $3,072 / Sq Ft
01/07/2015 01/07/15 Pending -- -- --
10/15/2014 10/15/14 For Sale $2,650,000 -- $3,193 / 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 $2,734 $206,709 $120,181 $86,528
2024 $2,734 $202,657 $117,825 $84,832
2023 $2,686 $198,684 $115,515 $83,169
2022 $2,523 $194,789 $113,250 $81,539
2021 $2,471 $190,971 $111,030 $79,941
2019 $2,435 $185,309 $107,738 $77,571
2018 $2,374 $181,676 $105,626 $76,050
2016 $2,187 $174,623 $101,525 $73,098
2015 $1,741 $140,000 $76,300 $63,700
2014 $1,765 $140,000 $76,300 $63,700
Source: Public Records

Agents Affiliated with this Home

  • Mark Jensen

    Seller's Agent in 2015

    Mark Jensen

    eXp Realty of Greater L.A

    (562) 208-7500

    17 Total Sales

    Mark Jensen
    Section Image

  • F

    Buyer's Agent in 2015

    Frank Agulto

    Frank Agulto, Broker

    (562) 715-8915

    4 Total Sales

    Frank Agulto
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: RS14223117

California Regional Multiple Listing Service (CRMLS)

APN: 7259-025-050

California Los Angeles County Long Beach 90804 Zaferia

2907 E Spaulding St Unit 301, Long Beach, CA

This home is located at 2907 E Spaulding St Unit 301, Long Beach, CA 90804 since 30 December 2014 and is currently estimated at $391,370, approximately $471 per square foot. This property was built in 1987. 2907 E Spaulding St Unit 301 is a home located in Los Angeles County with nearby schools including Nieto Herrera Elementary School, Woodrow Wilson High School, and Creative Arts School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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