NOT LISTED FOR SALE

Estimated Value: $1,255,000 - $1,307,000

8 Beds
4 Baths
3,712 Sq Ft
$347/Sq Ft Est. Value

Last Sold November 14, 2024

Last sale price $1,250,000 $337 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $6,930/month

25 Days on Market

Highlights

  • All Bedrooms Downstairs
  • No HOA
  • Balcony
  • Dual Staircase
  • Neighborhood Views
  • Cooling System Mounted To A Wall/Window

About This Home

As of November 2024

Welcome to **21 W Arbor St #4 Long Beach**, a beautiful 2 bedroom 1 bath apartment located in Long Beach, CA. This upstairs unit features vinyl flooring, blinds, mirrored closet doors, stainless steel stove, and microwave. Enjoy the convenience of a private balcony and one parking space available for an additional fee. The apartment has been freshly painted and cleaned, ready for you to move in. Located just 1 mile from Dooley Elementary school and less than 2 miles from Perry Lindsey middle school, this apartment is perfect for those with children. With Alamitos Beach only 6 miles away and Cal State Long Beach just 8 miles away, you'll have plenty of options for entertainment and education. VOUCHERS WELCOME! Cats are welcome, as well as small dogs under 15 pounds. Don't miss out on this fantastic opportunity to make this apartment your new home.

Last Agent to Sell the Property

Juan Huizar

Sage Real Estate Group, Inc. Brokerage Phone: 562-307-0838 License #01417642 Listed on: 09/23/2024

Last Buyer's Agent

Malcolm Zeger

Buckingham Investments, Inc License #02013882

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 5,372 Sq Ft Lot
  • No Common Walls
  • Wrought Iron Fence
  • Density is up to 1 Unit/Acre

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Turnkey

Interior Spaces

  • 3,712 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Laminate Flooring
  • Neighborhood Views
  • Gas Cooktop
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • All Bedrooms Down
  • All Upper Level Bedrooms
  • 4 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Balcony

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 62
  • Assessor Parcel Number 7133032046
  • $908 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • North Long Beach Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,350
  • Trash Expense $1,000
  • Water Sewer Expense $1,500
  • New Taxes Expense $15,625
  • Operating Expense $20,018
  • Gross Income $92,400
  • Net Operating Income $72,382

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • CapRate: 5.17
  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • View: Yes
  • Water Sewer Expenses: 1500.00
  • Zoning: LBR1N
  • Property Condition: Turnkey
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7133032046
  • Year Built: 1963
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: 2 Staircases, Balcony
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 336.75
  • Room Type: All Bedrooms Down, All Bedrooms Up

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Available, Natural Gas Available, Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1000.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 5372.00
  • Lot Size Acres: 0.1233

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Average2 Bed Area: 928 Square Feet
  • Gross Income: 92400.00
  • Gross Multiplier: 13.53
  • Gross Operating Income: 92400.00
  • Gross Scheduled Income: 92400.00
  • Insurance Expense: 1350.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 150.00
  • Lot Size Area: 5372.0000 Square Feet
  • Net Operating Income: 72382.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 20018.00
  • Rent Control: Yes
  • Total Actual Rent: 5700.00
  • Total Expenses: 20018.00

Tax Info

  • New Taxes Expense: 15625.00
  • Tax Census Tract: 5717.01
  • Tax Lot: 62
  • TaxOtherAnnualAssessmentAmount: 908.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2024
Closed on
Dec 2, 2024
Sold by
Banka Gaurav and Banka Lori Prakash
Bought by
Banka Management Company Llc
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Malcolm Zeger
Buckingham Investments, Inc
List Price
$1,250,000
Sold Price
$1,250,000
Views
24
Current Estimated Value
$1,287,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,412
Avg. Annual Appreciation
2.62%
Original Mortgage
$937,500
Outstanding Balance
$928,167
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$359,245

Purchase Details

Listed on
Sep 23, 2024
Closed on
Oct 29, 2024
Sold by
Livi Horace E and Livi Ruth
Bought by
Banka Gaurav and Banka Lori Prakash
Seller's Agent
Juan Huizar
Sage Real Estate Group, Inc.
Buyer's Agent
Malcolm Zeger
Buckingham Investments, Inc
List Price
$1,250,000
Sold Price
$1,250,000
Views
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$937,500
Outstanding Balance
$928,167
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$359,245

Purchase Details

Closed on
Feb 27, 2006
Sold by
Caddy Horace E and Caddy Ruth M
Bought by
Caddy Horace E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Banka Management Company Llc -- None Listed On Document
Banka Gaurav $1,250,000 Lawyers Title
Banka Gaurav $1,250,000 Lawyers Title
Caddy Horace E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banka Gaurav $937,500
Closed Banka Gaurav $937,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/10/2025 02/10/25 Off Market -- -- --
01/14/2025 01/14/25 For Rent $2,395 0.0% --
01/14/2025 01/14/25 For Rent -- -- --
12/31/2024 12/31/24 Off Market $2,395 -- --
11/27/2024 11/27/24 For Rent $2,395 0.0% --
11/14/2024 11/14/24 Sold $1,250,000 0.0% $337 / Sq Ft
10/18/2024 10/18/24 Pending -- -- --
09/23/2024 09/23/24 For Sale $1,250,000 -- $337 / 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 $2,381 $1,250,000 $350,000 $900,000
2024 $2,381 $116,993 $20,397 $96,596
2023 $2,336 $114,700 $19,998 $94,702
2022 $2,220 $112,452 $19,606 $92,846
2021 $2,146 $110,248 $19,222 $91,026
2019 $2,116 $106,979 $18,652 $88,327
2018 $1,960 $104,883 $18,287 $86,596
2016 $1,789 $100,813 $17,578 $83,235
2015 $1,734 $99,299 $17,314 $81,985
2014 $1,747 $97,355 $16,975 $80,380
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24197551

California Regional Multiple Listing Service (CRMLS)

APN: 7133-032-046