NOT LISTED FOR SALE

145 E Canton St Long Beach, CA 90806

North Wrigley Neighborhood
6 Beds
4 Baths
8,096 Sq Ft
9,123 Sq Ft Lot

Last Sold February 08, 2021

Last sale price $2,400,000 $296 Per Sq Ft

5 Days on Market

Highlights

  • Laundry Room
  • Hughes Middle School Rated A-
  • Landscaped

About This Home

As of February 2021

PROBATE 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.

Last Agent to Sell the Property

Gary Tolfa

Triqor Group License #00955403 Listed on: 11/05/2020

Last Buyer's Agent

Gary Tolfa

Triqor Group License #00955403 Listed on: 11/05/2020

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.10
  • Property Attached: Yes
  • Zoning: LBPD29
  • Property Type: Residential Income
  • Parcel Number: 7206023039
  • Year Built: 1963
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 296.44

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 4.00
  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Landscaped
  • Lot Size Sq Ft: 9123.00
  • Lot Size Acres: 0.2094

Multi Family

  • Gross Income: 190800.00
  • Gross Multiplier: 12.84
  • Gross Operating Income: 185076.00
  • Gross Scheduled Income: 190800.00
  • Lot Size Area: 9123.0000 Square Feet
  • Net Operating Income: 124222.00
  • Number Of Separate Electric Meters: 11
  • Number Of Separate Gas Meters: 11
  • Number Of Units Total: 11
  • Operating Expense: 60854.00
  • Rent Control: Yes
  • Total Expenses: 60854.00
  • Vacancy Allowance: 5724

Tax Info

  • Tax Block: 4
  • Tax Census Tract: 5722.02
  • Tax Lot: 20

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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

Source: Public Records

Agents Affiliated with this Home

  • Gary Tolfa

    Seller's Agent in 2021

    Gary Tolfa

    Triqor Group

    (949) 756-3232

    1 in this area

    19 Total Sales

    Gary Tolfa
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20233499

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90806 North Wrigley

145 E Canton St, Long Beach, CA

This home is located at 145 E Canton St, Long Beach, CA 90806 since 05 November 2020. This property was built in 1963. 145 E Canton St is a home located in Los Angeles County with nearby schools including Birney Elementary School, Hughes Middle School, and Long Beach Polytechnic High School.

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California Regional Multiple Listing Service (CRMLS) 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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