NOT LISTED FOR SALE

3115 E Spaulding St Long Beach, CA 90804

Zaferia Neighborhood

Estimated Value: $1,198,000 - $1,485,000

7 Beds
4 Baths
3,056 Sq Ft
$438/Sq Ft Est. Value

Last Sold July 10, 2015

Last sale price $679,900 $222 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $7,920/month

39 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Accessible Parking
  • Woodrow Wilson High School Rated A
  • Bungalow
  • 4-minute walk to Orizaba Park

About This Home

As of July 2015

GREAT Investment Opportunity! 4-Plex property features 1-3 bedroom, 1-2 bedroom and 2-1 bedroom units. Currently fully occupied with month-to-month tenant agreements. Current rents are below market, so property has increased income potential. Located on quiet residential street with shopping and restaurants nearby. Lovely park across the street. With some TLC and some paint this building will generate great income! Additional features include 4 garage spaces, storage areas, patios and inside courtyard. Motivated seller! Property being sold AS IS - No termite report.

Last Agent to Sell the Property

Ruth Bridge

The Global Equities Group License #01918207 Listed on: 02/26/2015

Last Buyer's Agent

Crystal Lee

Crystal Lee, Broker License #01071948

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,602

Year Built

  • Built in 1924

Lot Details

  • 6,398 Sq Ft Lot
  • Property fronts an alley
  • 1 Common Wall
  • Wood Fence
  • Block Wall Fence
  • Needs Fence Repair

Parking

  • 4 Car Garage
  • On-Street Parking

Home Design

  • 3,056 Sq Ft Home
  • Bungalow
  • Property Attached
  • Tile Roof
  • Clay Roof
  • Stucco

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Additional Features

  • Accessible Parking
  • Exterior Lighting
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 18
  • Tax Tract Number 3629
  • Assessor Parcel Number 7259026020

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $931
  • Insurance Expense $1,402
  • Maintenance Expense $190
  • Professional Management Expense $1,000
  • Water Sewer Expense $2,879
  • New Taxes Expense $7,049
  • Gross Income $46,680
  • Net Operating Income $32,788

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,602

Year Built

Built in 1924

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • Professional Management Expense: 1000.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Subdivision Name Other: Eastside (ES)
  • Water Sewer Expenses: 2879.00
  • Zoning: LBR2N
  • Architectural Style: Bungalow
  • Property Type: Residential Income
  • Parcel Number: 7259026020
  • Year Built: 1924
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile, Vinyl, Wood
  • Accessibility Features: Parking
  • Levels: Two
  • Price Per Square Foot: 222.48

Exterior Features

  • Fencing: Block, Needs Repair, Wood
  • Pool Private: No
  • Roof: Clay, Tile
  • Construction Materials: Block, Stucco

Garage/Parking

  • Garage Spaces: 4.00
  • Parking Features: Garage, Street
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Available, Sewer Available, Water Connected
  • Heating: Yes
  • Heating Type: Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Size Sq Ft: 6398.00
  • Lot Size Acres: 0.1470

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 931.00
  • Gross Income: 46680.00
  • Gross Scheduled Income: 46680.00
  • Insurance Expense: 1402.00
  • Lot Size Area: 6398.0000 Square Feet
  • Maintenance Expense: 190.00
  • Net Operating Income: 32788.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Operating Expense: 13892.00
  • Rent Control: No
  • Total Actual Rent: 3890.00

Tax Info

  • New Taxes Expense: 7049.00
  • Tax Lot: 18
  • Tax Tract Number: 3629
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2015
Sold by
Meyer Zachart
Bought by
Noh John and Noh Annie
Current Estimated Value
$1,337,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$746,091
Interest Rate
3.83%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2005
Sold by
Meyer Cynthia L
Bought by
Meyer Zachary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$573,700
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2005
Sold by
Ramirez Patty
Bought by
Meyer Zachary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$573,700
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2004
Sold by
Ohana Capital Llc
Bought by
Ramirez Patty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 2004
Sold by
Knight Barry and Knight Christine A
Bought by
Ohana Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 2003
Sold by
Allen Sheila R
Bought by
Knight Barry and Knight Christine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$337,750
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 16, 2000
Sold by
Hud
Bought by
Allen Sheila R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,654
Interest Rate
8.26%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 5, 1998
Sold by
Fleet Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Jul 1, 1998
Sold by
Contreras Thelma
Bought by
Fleet Mtg Corp

Purchase Details

Closed on
Sep 3, 1997
Sold by
Moxley Ann F Tr Moxley Family Trust
Bought by
Rodriguez Adolfo and South Central Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,523
Interest Rate
7.34%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 14, 1997
Sold by
Rodriguez Adolfo and South Central Investments
Bought by
Contreras Thelma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,523
Interest Rate
7.34%
Mortgage Type
FHA
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
Noh John $680,000 Provident Title Company
Meyer Zachary -- United Independent Title
Meyer Zachary $765,000 United Independent Title
Ramirez Patty $680,000 North American Title Company
Ohana Capital Llc -- --
Knight Barry $482,500 Fnt
Allen Sheila R $218,500 Stewart Title
Hud -- First Southwestern Title Co
Fleet Mtg Corp $180,000 First Southwestern Title Co
Rodriguez Adolfo $180,000 Commonwealth Land Title Co
Contreras Thelma $330,000 Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Noh John $746,091
Previous Owner Meyer Zachary $573,700
Previous Owner Ramirez Patty $500,000
Previous Owner Knight Barry $337,750
Previous Owner Allen Sheila R $215,654
Previous Owner Contreras Thelma $305,523
Closed Meyer Zachary $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2015 07/10/15 Sold $679,900 0.0% $222 / Sq Ft
04/06/2015 04/06/15 Pending -- -- --
02/26/2015 02/26/15 For Sale $679,900 -- $222 / 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 $10,602 $804,976 $449,840 $355,136
2024 $10,602 $789,193 $441,020 $348,173
2023 $10,419 $773,720 $432,373 $341,347
2022 $9,791 $758,550 $423,896 $334,654
2021 $9,584 $743,678 $415,585 $328,093
2020 $9,558 $736,053 $411,324 $324,729
2019 $9,445 $721,621 $403,259 $318,362
2018 $9,122 $707,472 $395,352 $312,120
2016 $8,387 $680,000 $380,000 $300,000
2015 $8,867 $735,000 $441,000 $294,000
2014 $7,900 $640,000 $384,000 $256,000
Source: Public Records

Agents Affiliated with this Home

  • Ruth Bridge

    Seller's Agent in 2015

    Ruth Bridge

    The Global Equities Group

    (714) 371-0132

    41 Total Sales

    Ruth Bridge
    Section Image
  • Crystal Lee

    Buyer's Agent in 2015

    Crystal Lee

    Crystal Lee, Broker

    (323) 252-6943

    8 Total Sales

    Crystal Lee
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC15041791

California Regional Multiple Listing Service (CRMLS)

APN: 7259-026-020

California Los Angeles County Long Beach 90804 Zaferia

3115 E Spaulding St, Long Beach, CA

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