NOT LISTED FOR SALE
1 Bed
2 Baths
14,980 Sq Ft
0.51 Acre Lot

Sale Details

Date Sold: February 9, 2018

Last sale price $4,875,000 $325 Per Sq Ft

33 Days on Market

Highlights

  • 22,247 Sq Ft lot
  • Open Floorplan
  • Lawn
  • Longfellow Elementary School Rated A-
  • Wood Flooring
  • 4-minute walk to Bixby Knolls Park

About This Home

As of February 2018

The San Antonio Apartments is a 20-unit apartment community consisting of 16-one bedroom units and 4-studio units, located in the affluent Bixby Knolls neighborhood of Long Beach. The property offers investors a unique opportunity to acquire a highly sought-after property with over 15% rental upside in a strong non-rent controlled market.

Located in prime Bixby Knolls across the street from the beautiful Bixby Knolls Park.

Last Agent to Sell the Property

Robert Stepp

Keller Williams Realty Downey License #01456379 Listed on: 09/07/2017

Keller Williams Realty Downey

Last Buyer's Agent

Anthony Walker

Buckingham Investments, Inc License #01908153

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 22,247 Sq Ft Lot
  • Two or More Common Walls
  • Lawn

Parking

  • 11 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 14,980 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Ceramic Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Additional Features

  • Outdoor Grill
  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 5719
  • Assessor Parcel Number 7135026002

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 20 Units

Amenities

  • Laundry Facilities

Building Details

  • 20 Separate Electric Meters
  • 20 Separate Gas Meters
  • Electric Expense $1,924
  • Gardener Expense $3,150
  • Insurance Expense $7,440
  • Maintenance Expense $10,392
  • Pest Control $737
  • Professional Management Expense $15,659
  • Supplies Expense $5,000
  • Trash Expense $1,924
  • Water Sewer Expense $1,924
  • New Taxes Expense $60,708
  • Operating Expense $112,459
  • Gross Income $313,184
  • Net Operating Income $200,724

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

0.51 Acres

Parking

11

Listing Details

  • Professional Management Expense: 15659.00
  • Property Attached: Yes
  • Subdivision Name Other: Bixby Knolls (BK)
  • Supplies Expense: 5000.00
  • Water Sewer Expenses: 1924.00
  • Zoning: LBR3S
  • Property Type: Residential Income
  • Gardener Expense: 3150.00
  • Parcel Number: 7135026002
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Ceramic Counters, Open Floorplan
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Wood
  • Levels: Two
  • Price Per Square Foot: 325.43

Exterior Features

  • Exterior Features: Barbecue Private
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 11.00
  • Total Parking Spaces: 11.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 737.00
  • Sewer: Unknown
  • Trash Expense: 1924.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lawn
  • Lot Size Sq Ft: 22247.00

Multi Family

  • Average1 Bed Area: 800 Square Feet
  • Average Studio Area: 545 Square Feet
  • Electric Expense: 1924.00
  • Gross Income: 313184.00
  • Gross Scheduled Income: 329667.00
  • Insurance Expense: 7440.00
  • Maintenance Expense: 10392.00
  • Net Operating Income: 200724.00
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Units Total: 20
  • Operating Expense: 112459.00
  • Rent Control: No
  • Total Expenses: 112459.00

Tax Info

  • New Taxes Expense: 60708.00
  • Tax Census Tract: 5719.00
  • Tax Lot: 12
  • Tax Tract Number: 5719

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2017
Closed on
Jan 31, 2018
Sold by
9731 Imperial Apts Llc
Bought by
Seller's Agent
Robert Stepp
Keller Williams Realty Downey
Buyer's Agent
Anthony Walker
Buckingham Investments, Inc
List Price
$5,000,000
Sold Price
$4,875,000
Premium/Discount to List
-$125,000
-2.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,185,000
Interest Rate
3.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 29, 2017
Sold by
9731 Imperial Apts Llc
Bought by
97331 Imperial Apts Llc and 1090 Sa Partners Llc

Purchase Details

Closed on
Aug 13, 2014
Sold by
Alvarez Irene
Bought by
9731 Imperial Apts Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,930,000
Interest Rate
4.08%
Mortgage Type
Negative Amortization
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase 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 Buyer Sale Price Title Company
$4,875,000 Ticor Title Company
97331 Imperial Apts Llc -- Ticor Title Company
9731 Imperial Apts Llc -- Old Republic Title
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $3,750,000
Closed 624 W 5Th St Llc $3,185,000
Previous Owner 9731 Imperial Apts Llc $1,930,000
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
02/09/2018 02/09/18 Sold $4,875,000 -2.5% $325 / Sq Ft
10/10/2017 10/10/17 Pending -- -- --
09/07/2017 09/07/17 For Sale $5,000,000 -- $334 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax 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.

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
2026 $75,029 $5,657,849 $2,785,402 $2,872,447
2025 $75,029 $5,546,912 $2,730,787 $2,816,125
2024 $71,797 $5,438,150 $2,677,243 $2,760,907
2023 $70,341 $5,331,521 $2,624,749 $2,706,772
2022 $66,032 $5,226,983 $2,573,284 $2,653,699
2021 $64,692 $5,124,494 $2,522,828 $2,601,666
2019 $63,768 $4,973,820 $2,448,000 $2,525,820
2018 $40,810 $3,117,302 $1,246,393 $1,870,909
2016 $37,525 $2,994,987 $1,197,995 $1,796,992
2015 $36,047 $2,950,000 $1,180,000 $1,770,000
2014 $18,455 $1,361,350 $545,837 $815,513
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW17206048

California Regional Multiple Listing Service (CRMLS)
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