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5285 E The Toledo, Long Beach, CA 90803
$2,150,000
5285 E The Toledo, Long Beach, CA 90803View this property at 5285 E The Toledo, Long Beach, CA 90803
5285 E The ToledoLong BeachCA90803
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Property Description
5285 East The Toledo is a rare 8-unit multifamily investment property located in the prime Belmont Park neighborhood of Long Beach, CA. 5285 East The Toledo offers investors an opportunity to preserve its existing vintage and character, while allowing a new investor to capture upwards of 30% rental upside by modernizing the apartment's interiors. Situated in a prime Belmont Park location, 5285 East The Toledo offers exclusively studio floor plans measuring approximately 424 square feet. Residents enjoy the property's idyllic location within walking distance of the abundance of retail, dining, and entertainment options at Belmont Shore's 2nd Street. The property is also just over 1 mile from 2nd & PCH, a recently developed open-air mall, providing residents with convenient access to a plethora of popular retailers and restaurants. Additionally, 5285 East The Toledo is in close proximity to Marine Stadium, Marina Vista Park, and Alamitos Bay, providing residents with an abundance of recreational opportunities. Furthermore, the property's close proximity to Pacific Coast Highway provides residents with easy access throughout Long Beach and neighboring coastal cities.
Full Property Details
Full Property Details for 5285 E The Toledo
General
- Sold For: $2,150,000
- Status: Closed
- Type: Multi-Family
- MLS ID: OC24065252
- Added to Site: 76 day(s) ago
Rooms
Other Rooms
- Laundry: Community
Additional Information
- Pool Description: None
Location
- Area: 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
- County: Los Angeles
- Development Name: 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
- Driving Directions: Cross Streets of East The Toledo & La Verne Avenue
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 8
- # Electric Meters: 8
Structural Information
- Entry Location: First level
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 3,389
- Year Built: 1947
Unit Information
Unit 1
- Number of Units: 8
- Total Bathrooms: 1
Lot Features
- Lot Size (Acres): 0.08
- Lot Size Source: Assessor
- Zoning: LBR4R
- Lot Description: Level with Street
Financial Considerations
- Price Per Sq. Ft.: $634.41
- Price Per Unit: 274375
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Marcus & Millichap RE Invest, Tyler Leeson
Sold by Main Street Realtors, William Keye
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Schools
Schools serving 5285 E The Toledo
School District:Long Beach Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
5201 E Broadway, Long Beach, CA 90803 | PK-5 | 0.2 mi | |
365 Monrovia Ave, Long Beach, CA 90803 | 6-8 | 0.3 mi | |
4400 E 10th St, Long Beach, CA 90804 | 9-12 | 1.2 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5285 E The Toledo
Date
Details
Price
Change
Source
5/23/2024
Sold
$2,150,000
-2.05%
MLS
4/24/2024
Price Reduced
$2,195,000
-2.44%
MLS
4/02/2024
Listed
$2,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5285 E The Toledo, Long Beach, CA 90803 (MLS# OC24065252) is a Multi-Family property that was sold at $2,150,000 on May 23, 2024. Want to learn more about 5285 E The Toledo? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.