Thank you
Tyler Leeson
Marcus & Millichap RE Invest
949-419-3200
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.
Sell a home like this and save $131,201 Find Out How
Water Source : Public
Sewer : Public Sewer
Year Built: 1947
Building Area Total: 3,389
None
Common Area
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.08
Lot Size Source: Assessor
Lot Size Square Feet: 3484.8
Original List Price: 2,195,000
Listing Contract Date: 2024-04-02
Listing Agreement: Exclusive Right To Sell
Parcel Number: 7249013038
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
Postal Code Plus 4: 1863
Directions: Cross Streets of East The Toledo & La Verne Avenue
Zoning: LBR4R
Source Property Type: Residential Income
Area: 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
Property SubType: Apartment
Property Age: 77
Common Walls: No Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 1
Entry Location: First level
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
3939 E Allin Street #214, Long Beach, CA,90803 | $600,000 | 2 | 1 | 912 | 35003 Sqft |
85 Rivo Alto Canal, Long Beach, CA,90803 | $3,995,000 | 4 | 2 | 2,363 | 2426 Sqft |
2611 E Broadway, Long Beach, CA,90803 | $12,995,000 | -- | -- | 28,010 | 20477 Sqft |
6271 Emerald Cove, Long Beach, CA,90803 | $279,000 | 2 | 2 | 1,034 | -- |
297 Nieto Avenue, Long Beach, CA,90803 | $1,600,000 | 3 | 2 | 1,681 | 5931 Sqft |
6086 Lido Lane, Long Beach, CA,90803 | $7,250,000 | 4 | 4 | 3,970 | 2735 Sqft |
5517 China Point, Long Beach, CA,90803 | $2,850,000 | 3 | 3 | 2,307 | 3468 Sqft |
11 Temple Avenue, Long Beach, CA,90803 | $2,500,000 | 5 | 5 | 4,300 | 4012.5 Sqft |
144 Rivo Alto Canal, Long Beach, CA,90803 | $4,750,000 | 4 | 6 | 3,282 | 3244 Sqft |
5634 Naples Canal, Long Beach, CA,90803 | $4,185,000 | 3 | 3 | 2,369 | 2509 Sqft |
Copyright © 2024 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.
ByOwner last updated this listing 05/09/2024 @ 19:52
MLS: OC24065252
LISTED BY: Tyler Leeson, Marcus & Millichap RE Invest
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.