NOT LISTED FOR SALE

Estimated Value: $805,000 - $912,000

4 Beds
2 Baths
1,572 Sq Ft
$556/Sq Ft Est. Value

Sale Details

Date Sold: November 19, 2019

Last sale price $680,000 $433 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $5,676 / mo

41 Days on Market

About This Home

As of November 2019

Great 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

Cameron Samimi

Lyon Stahl Investment Real Estate, Inc. License #02035763 Listed on: 08/29/2019

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Parker Boehle

Lyon Stahl Investment Real Estate, Inc. License #02054215

Last Buyer's Agent

Alan Fasnacht

Team Fasnacht Realty License #00542691

Property Details

Home Type

  • Multi-Family

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

7,012 Sq Ft Lot

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: North Long Beach (NLB)
  • Zoning: LBR1N
  • Property Type: Residential Income
  • Parcel Number: 7133031009
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Price Per Square Foot: 432.57

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7012.00
  • Lot Size Acres: 0.1610

Multi Family

  • Gross Income: 41100.00
  • Gross Scheduled Income: 41100.00
  • Lot Size Area: 7012.0000 Square Feet
  • Net Operating Income: 24890.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 14155.00
  • Rent Control: No
  • Total Expenses: 14155.00

Tax Info

  • Tax Census Tract: 5717.01
  • Tax Lot: 132
  • Tax Tract Number: 6908

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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)

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB19207174

California Regional Multiple Listing Service (CRMLS)

APN: 7133-031-009

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