Seller's Agent in 2021
Gary Tolfa
Triqor Group
(949) 756-3232
1 in this area
14 Total Sales
145 E Canton St Long Beach, CA 90806
North Wrigley Neighborhood
6
Beds
4
Baths
8,096
Sq Ft
9,123
Sq Ft Lot
Highlights
- Laundry Room
- Hughes Middle School Rated A-
- Landscaped
About This Home
As of February 2021PROBATE SALE;
Pleased to present the opportunity to acquire the Canton Street Property, a 11-unit apartment building located in Long Beach, CA. Built in 1963; the property offers an excellent unit mix of six 1 bedroom units, four 2 bedroom units, and one 3 bedroom unit. The property is well maintained with a laundry facility, and ample parking. The property will be delivered with three vacant units at close which would offer an attractive 5%+ CAP on current numbers with the opportunity to produce over a 6% CAP on Market Rents. There are three units currently vacant. Actual rents are including those units at market rents. Current Income is $10,370.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 9,123 Sq Ft Lot
- Two or More Common Walls
- Landscaped
Parking
- 4 Car Garage
- 4 Carport Spaces
Home Design
- Property Attached
Interior Spaces
- 8,096 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 20 / 4
- Assessor Parcel Number 7206023039
Community Details
Building Details
- Rent Control
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- Operating Expense $60,854
- Gross Income $190,800
- Net Operating Income $124,222
Additional Features
- 11 Units
- Laundry Facilities
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/08/2021 02/08/21 | Sold | $2,400,000 | -2.0% | $296 / Sq Ft |
| 11/05/2020 11/05/20 | For Sale | $2,450,000 | -- | $303 / 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 | $35,333 | $2,597,835 | $865,945 | $1,731,890 |
| 2024 | $33,787 | $2,546,898 | $848,966 | $1,697,932 |
| 2023 | $33,210 | $2,496,960 | $832,320 | $1,664,640 |
| 2022 | $33,581 | $2,448,000 | $816,000 | $1,632,000 |
| 2021 | $21,145 | $1,611,551 | $675,134 | $936,417 |
| 2020 | $15,028 | $1,091,408 | $336,440 | $754,968 |
| 2019 | $14,853 | $1,070,035 | $329,844 | $740,191 |
| 2018 | $14,380 | $1,049,081 | $323,377 | $725,704 |
| 2016 | $13,214 | $1,007,077 | $310,821 | $696,256 |
| 2015 | $12,708 | $991,951 | $306,153 | $685,798 |
| 2014 | $12,670 | $972,521 | $300,156 | $672,365 |
Source: Public Records
Agents Affiliated with this Home
-
Gary Tolfa
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW20233499
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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