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68 W Arbor St, Long Beach, CA 90805
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68 W Arbor St Long Beach, CA 90805

$680,000 Sold Price as of 11/19/2019
  • 4 Beds
  • 2 Baths
  • 1,572 Sq.Ft.
Sold
$680,000 Sold Price as of 11/19/2019 Refinance Your Mortgage
Map preview of 68 W Arbor St, Long Beach, CA 90805

Property Overview: 68 W Arbor St Long Beach, CA has 4 bedrooms, 2 bathrooms, 1,572 living square feet and 7,012 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Cameron Samimi | BRE #02035763 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Parker Boehle | BRE #02054215 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 41

Home details

Lot Sq. Ft
7,012
HOA Dues
$0/mo
Year built
1947
Garage
2 Car
Property Type:
Multi Family
Status
Sold
MLS#
SB19207174
City
Long Beach
County
Los Angeles
Time on Site
1399 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $1,850
  • Pro Forma/Market Rent: $1,895
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,575
  • Total Rent: $1,575
  • Pro Forma/Market Rent: $1,895
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $41,100
  • Net Operating Income: $24,890
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $14,155
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 68 W Arbor St

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 7133031009
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: North Long Beach (NLB)
  • Directions: Off of Arbor St. and Long Beach Blvd.
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 68 W Arbor St

Last sold for $680,000 on November 19th, 2019

  • November, 2019

  • Nov 20, 2019

    Date

    Sold

    CRMLS: SB19207174

    $680,000

    Price

  • Oct 9, 2019

    Date

    Active Under Contract

    CRMLS: SB19207174

    $700,000

    Price

  • Aug 29, 2019

    Date

    Active

    CRMLS: SB19207174

    $700,000

    Price

  • November, 2019

  • Nov 19, 2019

    Date

    Sold (Public Records)

    Public Records

    $680,000

    Price

  • October, 2015

  • Oct 1, 2015

    Date

    Sold (Public Records)

    Public Records

    $450,000

    Price

Show More

Tax History for 68 W Arbor St

Assessed Value (2020): $680,000
Year Land Value Improved Value Assessed Value
2020 $380,000 $300,000 $680,000

Home Value Compared to the Market

This property vs the competition

68 W Arbor St sold on November 19, 2019 for 12.5% lower than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $445.29 per/sqft which puts the price per square foot 29.54% lower than the current median sale per square foot for the city of Long Beach.

About 68 W Arbor St

Detailed summary of property

68 W Arbor St is a multi family that recently sold in Long Beach, CA 90805. This multi family property offered 4 bedrooms, 2 bathrooms, roughly 1,572 living square feet, and sits on an approximately 7,012 square foot lot. 68 W Arbor St was first listed on ArdentRealEstateGroup.com on July 20, 2020. The homeowner sold the property for $680,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 12.5% lower than the current median priced home. Local homes that are currently for sale include 2015 E 105th St, 1503 E 109th St and 210 E 120th St. While the average home in Long Beach, CA is selling in 51 days, 68 W Arbor St has a days on market of 41 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 68 W Arbor St Long Beach, CA 90805 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 68 W Arbor St

Public county record property details
Beds
4
Baths
2
Year built
1947
Sq. Ft.
1,572
Lot Size
7,012
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
131,132
APN
7133-031-009

The source for these homes facts are from public records.

90805 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$699,000
Median List Price/Sq.Ft.
$563
Median Sold Price
$720,000
Median Sold Price/Sq.Ft.
$564
Total Inventory
63
Median Sale to List Price %
101.69%
Avg Days on Market
26
Loan Type
Conventional (47.83%), FHA (17.39%), VA (4.35%), Cash (13.04%), Other (17.39%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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