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5285 The Toledo
Long Beach, CA 90803
Sold
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.
PROPERTY INFORMATION
| MLS # | OC24065252 | Lot Size | 3,485 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Apartment |
| Price | $ 2,195,000
Price Per SqFt: $ 648 |
DOM | 401 Days |
| Address | 5285 The Toledo | Type | Residential Income |
| City | Long Beach | Sq.Ft. | 3,389 Sq. Ft. |
| Postal Code | 90803 | Garage | N/A |
| County | Los Angeles | Year Built | 1947 |
| Bed / Bath | 0 / 0 | Parking | N/A |
| Built In | 1947 | Status | Closed |
| Sold Date | 2024-05-23 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community |
| EntryLocation | First level |
| Entry Level | 1 |
EXTERIOR FEATURES
| Has Pool | No |
| Pool | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,341
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/23/2024 | Sold | $2,150,000 |
| 05/20/2024 | Pending | $2,195,000 |
| 05/09/2024 | Active Under Contract | $2,195,000 |
| 04/02/2024 | Listed | $2,250,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Tyler Leeson, Marcus & Millichap RE Invest. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
