NOT LISTED FOR SALE

901 E San Antonio Dr Long Beach, CA 90807

Bixby Knolls Neighborhood
Studio
-- Bath
15,481 Sq Ft
0.92 Acres

Last Sold June 26, 2014

Last sale price $2,300,000 $149 Per Sq Ft

14 Days on Market

About This Home

As of June 2014

The Bixby Knolls Medical Art Center Building is a single story multi-tenant medical office building located at 901-925 E. San Antonio Drive in Bixby Knolls. The property consists of 16 medical office suites, totaling 15,481 square feet on a 40,065 square foot lot built in 1954. There are 15 surface parking spaces behind the building which are currently used by the tenants. Additionally, the property is a part of the Bixby Knolls Parking Association (BKPA) giving them an additional 84 spaces in the adjacent shopping center.

The property is beautifully landscaped and has been well maintained. Over $100K spent on a new roof in 2011-2012. This investment opportunity is located in one of the best areas of Southern California, and is perfect for investors, owner-users, and developers.

Last Agent to Sell the Property

Spencer Pabst

Pabst, Kinney & Associates License #01849377 Listed on: 04/09/2014

Last Buyer's Agent

Roger Arthur

Keller Williams South Bay License #01489317

Keller Williams South Bay

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 0.92 Acre Lot
  • Two or More Common Walls

HOA Fees

  • $3,000 Monthly HOA Fees

Home Design

  • 15,481 Sq Ft Home
  • Property Attached

Parking

  • 99 Parking Spaces
  • 15 Carport Spaces
  • Parking Available
  • Assigned Parking

Utilities

  • Sewer Paid

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 18348
  • Assessor Parcel Number 7135021081

Community Details

Overview

  • 6 Buildings
  • 16 Units

Building Details

  • 13 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $24,559
  • Net Operating Income $127,391

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

HOA Fees

$3,000 per month

Listing Details

  • CapRate: 5.66
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Subdivision Name Other: Bixby Knolls (BK)
  • Property Type: Residential Income
  • Parcel Number: 7135021081
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 2+ Common Walls
  • Price Per Square Foot: 148.57

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 15.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 99.00

Utilities

  • Sewer: Sewer Paid
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Dues Paid Quarterly
  • Association Fee: 9000.00
  • Association Fee Frequency: Quarterly
  • Community Features: Sidewalks

Lot Info

  • Lot Size Sq Ft: 40065.00
  • Lot Size Acres: 0.9200

Multi Family

  • Gross Income: 24559.00
  • Gross Multiplier: 7.63
  • Gross Scheduled Income: 294709.00
  • Lot Size Area: 40065.0000 Square Feet
  • Net Operating Income: 127391.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 13
  • Number Of Units Total: 16
  • Rent Control: No
  • Total Actual Rent: 24559.00

Tax Info

  • Tax Lot: 5
  • Tax Tract Number: 18348
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 10, 2023
Sold by
Ling Paul Siong Kuong and Ling Edythe I-Tze
Bought by
Pel Trust and Ling

Purchase Details

Closed on
Feb 16, 2017
Sold by
Thompson Maria
Bought by
Ling Paul Siong Kuong and Ling Edythe I Tze

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,950,000
Interest Rate
4.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 23, 2014
Sold by
Bixby Knolls Medical Arts Center Inc
Bought by
Thompson Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
4.09%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 8, 2010
Sold by
Bixby Knolls Medical Arts Center Associa
Bought by
Bixby Knolls Medical Arts Center Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pel Trust -- Fidelity National Title
Ling Paul Siong Kuong $3,000,000 Fntc
Thompson Maria $2,300,000 Fidelity National Title Co
Bixby Knolls Medical Arts Center Inc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ling Paul Siong Kuong $1,950,000
Previous Owner Thompson Maria $850,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2014 06/26/14 Sold $2,300,000 +2.2% $149 / Sq Ft
04/23/2014 04/23/14 Pending -- -- --
04/09/2014 04/09/14 For Sale $2,250,000 -- $145 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $43,981 $3,155,627 $2,437,227 $718,400
2024 $43,981 $3,093,753 $2,389,439 $704,314
2023 $43,196 $3,033,092 $2,342,588 $690,504
2022 $40,643 $2,973,620 $2,296,655 $676,965
2021 $39,733 $2,915,315 $2,251,623 $663,692
2019 $39,169 $2,828,847 $2,184,840 $644,007
2018 $37,712 $2,773,380 $2,142,000 $631,380
2016 $31,433 $2,381,728 $1,180,509 $1,201,219
2015 $30,234 $2,345,953 $1,162,777 $1,183,176
2014 $37,236 $2,933,660 $1,293,862 $1,639,798
Source: Public Records

Agents Affiliated with this Home

  • Spencer Pabst

    Seller's Agent in 2014

    Spencer Pabst

    Pabst, Kinney & Associates

    (562) 884-6875

    52 Total Sales

    Spencer Pabst
    Section Image
  • Roger Arthur

    Buyer's Agent in 2014

    Roger Arthur

    Keller Williams South Bay

    (310) 283-3695

    7 Total Sales

    Roger Arthur
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14073266

California Regional Multiple Listing Service (CRMLS)

APN: 7135-021-081

California Los Angeles County Long Beach 90807 Bixby Knolls

901 E San Antonio Dr, Long Beach, CA

Not Listed for Sale

MultiFamily

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