440 E San Antonio Dr Long Beach, CA 90807
Bixby Knolls Neighborhood
5
Beds
4
Baths
4,370
Sq Ft
5,959
Sq Ft Lot
Highlights
- Laundry Room
- Longfellow Elementary School Rated A-
- Rectangular Lot
About This Home
As of August 2021440 East San Antonio Drive is a fourplex for sale in Long Beach, California’s desirable Bixby Knolls neighborhood. The building is a well-maintained 1970 construction with a desirable mix of one three-bedroom/two-bath unit and three two-bedroom/one-and-one-half-bath units. This offering is a great owner/user investment opportunity with potential upside in rents. Additionally, as a fourplex this property may qualify for attractive residential financing.
The property also offers five single-car garages, private patios, an underutilized laundry room, and separate gas and electric meters. The three-bedroom unit features a fireplace and in-unit laundry, and select units have been renovated with upgraded flooring, cabinetry, countertops, and bathroom vanities.
440 East San Antonio Drive is well-located near the Virginia Country Club in the desirable Bixby Knolls neighborhood, where the average household income within one mile exceeds $111,000. The property’s convenient proximity to nearby grocery stores, dining, and retail have earned it a WalkScore of 91; tenants enjoy an easy one-block walk to a Trader Joe’s, MOD Pizza, Crunch Fitness, and more. Additionally, just a few blocks away are a Starbucks, Marshalls, Rite Aid, and more.
Last Agent to Sell the Property
Steven M. Bogoyevac, Broker License #01332755 Listed on: 01/29/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $21,618
Year Built
- Built in 1970
Lot Details
- 5,959 Sq Ft Lot
- No Common Walls
- Rectangular Lot
Parking
- 5 Car Garage
Home Design
- 4,370 Sq Ft Home
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Additional Features
- Laundry Room
- Suburban Location
Listing and Financial Details
- Tax Lot 66
- Tax Tract Number 10579
- Assessor Parcel Number 7139008004
Community Details
Overview
- 4 Units
- Bixby Knolls Subdivision
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- Operating Expense $29,133
- Gross Income $96,293
- Net Operating Income $64,271
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 29, 2021
Closed on
Aug 4, 2021
Sold by
Paloma 440 Llc
Bought by
Le Truong Son and Nguyen Khanh Thuy
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Andrea Testa
Keller Williams Pacific Estate
List Price
$1,800,000
Sold Price
$1,600,000
Premium/Discount to List
-$200,000
-11.11%
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
$164,004
Avg. Annual Appreciation
2.57%
Original Mortgage
$1,200,000
Outstanding Balance
$1,095,870
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$673,917
Purchase Details
Listed on
Jun 23, 2020
Closed on
Aug 27, 2020
Sold by
Gehring Ann D and Gehring George J
Bought by
Paloma 440 Llc
Seller's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
Buyer's Agent
Steve Bogoyevac
Steven M. Bogoyevac, Broker
List Price
$3,795,000
Sold Price
$3,725,000
Premium/Discount to List
-$70,000
-1.84%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-60.49%
Original Mortgage
$1,000,000
Interest Rate
2.8%
Mortgage Type
Commercial
Purchase Details
Closed on
May 27, 2009
Sold by
Gehring Ann D and Gehring George J
Bought by
Gehring Ann D and George J & Ann D Gehring Bypass Trust
Purchase Details
Closed on
Dec 19, 2007
Sold by
Gehring George J and Gehring Ann D
Bought by
Gehring George J
Similar Homes in Long Beach, CA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,600,000 | Fidelity Title Company | |
| Grant Deed | $3,725,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,200,000 | New Conventional | |
| Previous Owner | $1,000,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/16/2021 08/16/21 | Sold | $1,600,000 | -3.0% | $366 / Sq Ft |
| 08/03/2021 08/03/21 | Pending | -- | -- | -- |
| 06/17/2021 06/17/21 | Price Changed | $1,649,000 | -5.8% | $377 / Sq Ft |
| 03/08/2021 03/08/21 | Price Changed | $1,750,000 | -2.8% | $400 / Sq Ft |
| 01/29/2021 01/29/21 | For Sale | $1,800,000 | -51.7% | $412 / Sq Ft |
| 09/18/2020 09/18/20 | Sold | $3,725,000 | -1.8% | $359 / Sq Ft |
| 07/21/2020 07/21/20 | Pending | -- | -- | -- |
| 06/23/2020 06/23/20 | For Sale | $3,795,000 | -- | $365 / 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 | $21,618 | $1,697,932 | $848,966 | $848,966 |
| 2024 | $21,618 | $1,664,640 | $832,320 | $832,320 |
| 2023 | $21,258 | $1,632,000 | $816,000 | $816,000 |
| 2022 | $19,951 | $1,600,000 | $800,000 | $800,000 |
| 2021 | $18,737 | $1,500,000 | $850,000 | $650,000 |
| 2020 | $7,331 | $538,605 | $185,721 | $352,884 |
| 2019 | $7,248 | $528,045 | $182,080 | $345,965 |
| 2018 | $6,985 | $517,692 | $178,510 | $339,182 |
| 2016 | $6,408 | $497,591 | $171,579 | $326,012 |
| 2015 | $6,162 | $490,117 | $169,002 | $321,115 |
| 2014 | $6,136 | $480,517 | $165,692 | $314,825 |
Source: Public Records
Agents Affiliated with this Home
-
S
Seller's Agent in 2021
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1200
3 in this area
96 Total Sales
-
Buyer's Agent in 2021
Andrea Testa
Keller Williams Pacific Estate
(562) 833-9642
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW21019397
APN: 7139-008-004
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