NOT LISTED FOR SALE

3115 E Spaulding St Long Beach, CA 90804

Zaferia Neighborhood

Estimated Value: $1,132,000 - $1,368,000

7 Beds
4 Baths
3,056 Sq Ft
$414/Sq Ft Est. Value

Sale Details

Date Sold: July 10, 2015

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

Est. 86% increase in value since last sale

Current estimated payment $7,715 / mo

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

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

Year Built

Built in 1924

Lot Details

6,398 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2015
Sold by
Bought by
Current Estimated Value
$1,264,333

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
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by

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
Bought by

Purchase Details

Closed on
Jul 1, 1998
Sold by
Bought by

Purchase Details

Closed on
Sep 3, 1997
Sold by
Bought by

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
Bought by

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$680,000 Provident Title Company
-- United Independent Title
$765,000 United Independent Title
$680,000 North American Title Company
-- --
$482,500 Fnt
$218,500 Stewart Title
-- First Southwestern Title Co
$180,000 First Southwestern Title Co
$180,000 Commonwealth Land Title Co
$330,000 Commonwealth Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $746,091
Previous Owner $573,700
Previous Owner $500,000
Previous Owner $337,750
Previous Owner $215,654
Previous Owner $305,523
Closed $50,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,101 $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

    40 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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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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