UPDATE | Long Beach police discovered a large amount of drugs inside a Carroll Park home Tuesday morning after a shooting inside the home wounded a man.

“The preliminary investigation revealed the victim and suspect had engaged in a verbal dispute with one another while inside the residence prior to the shooting occurring,” police spokeswoman Jennifer De Prez said.

Police arrested 26-year-old Matthew Yacoubian on suspicion of attempted murder, assault with a firearm on a person, being an ex-felon in possession of a firearm, possessing a controlled substance for the purpose of sale and possessing a controlled substance while armed. He is being held in jail on a $1 million bail.

Jail records show Yacoubian lived in the home where police found five guns, a “large quantity” of cocaine, approximately 250 pills believed to be fentanyl, approximately 200 Xanax pills and over $3,000 in cash.

Detectives will present their case to the Los Angeles County District Attorney’s Office this week, De Prez said.

PREVIOUSLY: Man shot, wounded in Carroll Park neighborhood this morning

2/26/20 at 10:28 a.m. | A man was in stable condition after being shot in the Carroll Park area of Long Beach around 7:30 this morning, according to police.

When police hurried to the scene near the intersection of Carroll Park West and Third Street, they found the man with gunshot wounds to the upper and lower body, LBPD spokeswoman Emily Garcia said. They quickly took the suspected shooter into custody, and medics rushed the wounded man to the hospital.

It wasn’t immediately clear what motivated the shooting, but Garcia said, “We were able to confirm that the suspect and victim were acquaintances and they had a verbal dispute prior to the shooting occurring.“

Police said the suspected shooter is also a man.

Detectives were still investigating. Police said they would release more information as it becomes available.