Seller's Agent in 2019
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
182 Total Sales
70 W Arbor St Long Beach, CA 90805
Sutter NeighborhoodEstimated Value: $830,000 - $1,057,000
4
Beds
2
Baths
1,572
Sq Ft
$578/Sq Ft
Est. Value
About This Home
As of November 2019Great duplex opportunity within walking distance to Virginia Country Club at 68-70 West Arbor St., Long Beach, CA.
West Arbor St. comes with (2) 2-bed/1-bath units that are currently receiving strong rental income. The rear unit has been completely remodeled and in beautiful shape, perfectly suited for top of the market rent. Upgrades include new hardwood flooring, new kitchens and bathrooms, and a fresh layer of paint throughout. The property is equipped with a large, two-car garage, which is a great source for providing the new owner additional income. The massive, 7,000 Sq.Ft. lot comes with a nicely landscaped backyard, great for all family activities. Aside from being located adjacent to Bixby Knolls, 68-70 West Arbor St. has great freeway and transit access.
This is an ideal owner/user opportunity available in the up and coming North Long Beach.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 08/29/2019
Co-Listed By
Parker Boehle
Lyon Stahl Investment Real Estate, Inc. License #02054215
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,552
Year Built
- Built in 1947
Lot Details
- 7,012 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
Home Design
- 1,572 Sq Ft Home
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Additional Features
- Exterior Lighting
- Suburban Location
Listing and Financial Details
- Tax Lot 132
- Tax Tract Number 6908
- Assessor Parcel Number 7133031009
Community Details
Overview
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $14,155
- Gross Income $41,100
- Net Operating Income $24,890
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 29, 2019
Closed on
Oct 2, 2019
Sold by
Gudiel Otto R
Bought by
Alvarenga Steven and Alvarenga Connie Evadne
Seller's Agent
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Alan & Helene Fasnacht
Team Fasnacht Realty
List Price
$700,000
Sold Price
$680,000
Premium/Discount to List
-$20,000
-2.86%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,992
Avg. Annual Appreciation
4.04%
Original Mortgage
$657,305
Interest Rate
3.62%
Mortgage Type
FHA
Purchase Details
Closed on
Sep 18, 2019
Sold by
Gudiel Veronica Burgoas
Bought by
Gudiel Otto R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$657,305
Interest Rate
3.62%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 13, 2015
Sold by
Hall John Raymond
Bought by
Fitzpatrick Jo Ann
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
3.89%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 10, 2015
Sold by
Fitzpatrick Jo Ann
Bought by
Gudiel Otto R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
3.89%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 8, 2007
Sold by
Fitzpatrick Jo Ann and The Ella Jane Meyer Trust
Bought by
Fitzpatrick Jo Ann
Purchase Details
Closed on
Jun 15, 2007
Sold by
Meyer Ella Jane
Bought by
Meyer Ella Jane and The Ella Jane Meyer Trust
Purchase Details
Closed on
Oct 25, 2001
Sold by
Meyer Jane and Estate Of Bernard N Meyer
Bought by
Meyer Ella Jane
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Alvarenga Steven | $680,000 | First American Title Company | |
| Gudiel Otto R | -- | First American Title Company | |
| Fitzpatrick Jo Ann | -- | Chicago Title Company | |
| Gudiel Otto R | $450,000 | Chicago Title Company | |
| Fitzpatrick Jo Ann | -- | None Available | |
| Meyer Ella Jane | -- | None Available | |
| Meyer Ella Jane | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Alvarenga Steven | $130,500 | |
| Open | Alvarenga Steven | $658,067 | |
| Closed | Alvarenga Steven | $657,305 | |
| Previous Owner | Alvarenga Steven | $657,305 | |
| Previous Owner | Gudiel Otto R | $382,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/19/2019 11/19/19 | Sold | $680,000 | -2.9% | $433 / Sq Ft |
| 08/29/2019 08/29/19 | For Sale | $700,000 | -- | $445 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $9,552 | $743,675 | $415,582 | $328,093 |
| 2024 | $9,552 | $729,094 | $407,434 | $321,660 |
| 2023 | $9,393 | $714,799 | $399,446 | $315,353 |
| 2022 | $8,820 | $700,784 | $391,614 | $309,170 |
| 2021 | $8,647 | $687,044 | $383,936 | $303,108 |
| 2019 | $6,236 | $477,543 | $265,302 | $212,241 |
| 2018 | $5,997 | $468,180 | $260,100 | $208,080 |
| 2016 | $5,517 | $450,000 | $250,000 | $200,000 |
| 2015 | $4,698 | $390,000 | $280,000 | $110,000 |
| 2014 | $4,532 | $370,000 | $265,000 | $105,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
P
Seller Co-Listing Agent in 2019
Parker Boehle
Lyon Stahl Investment Real Estate, Inc.
-
Buyer's Agent in 2019
Alan & Helene Fasnacht
Team Fasnacht Realty
(562) 243-5948
95 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB19207174
APN: 7133-031-009
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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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