First Team Real Estate Logo

Long Beach, CA 90803 5285 E The Toledo

$2,195,000

5285 E The Toledo Long Beach, Ca - Image 15285 E The Toledo Long Beach, Ca - Image 25285 E The Toledo Long Beach, Ca - Image 3
9 more
5285 E The Toledo Long Beach, Ca - Image 45285 E The Toledo Long Beach, Ca - Image 55285 E The Toledo Long Beach, Ca - Image 65285 E The Toledo Long Beach, Ca - Image 75285 E The Toledo Long Beach, Ca - Image 85285 E The Toledo Long Beach, Ca - Image 95285 E The Toledo Long Beach, Ca - Image 105285 E The Toledo Long Beach, Ca - Image 115285 E The Toledo Long Beach, Ca - Image 125285 E The Toledo Long Beach, Ca - Image 13
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; 714-713-9086
  • MLS# OC24065252
  • 04/02/2024
  • Request Tour
  • Request Info
  • BedBeds • 8
  • BathBaths • 1
  • FootageSQFT • 3,389

Home Details

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.
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; 714-713-9086

Interior Features for 5285 E The Toledo

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 5285 E The Toledo

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.16
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Gutters, Sidewalks
CountyLos Angeles
Days on Market22
DirectionsCross Streets of East The Toledo & La Verne Avenue
Electric Expense1468.0
Entry LocationFirst level
Fuel Expense1468.0
Garage Spaces0.0
Garage Y/NNo
Gross Income141967.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense4200.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Item1031Exchange, OwnerWillCarry
Lot Size Square Feet3484.8
MLS Area1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
MaintenanceExpense4000.0
MobileHomeRemainsYNNo
Net Operating Income91281.0
New ConstructionNo
Operating Expense46463.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street NameThe Toledo
Subdivision NameBelmont Shore (BSD)
Tax Lot3
Taxes$27,312
Total Units8
Trash Expense1468.0
View Y/NNo
Water Sewer Expense1469.0
Waterfront Y/NNo
Year Built1947
Year Built SourceAssessor
ZoningLBR4R

Exterior for 5285 E The Toledo

Building Area Total3389.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.08
Lot Size Area0.08
Lot Size SourceAssessor
Lot Size UnitsAcres
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,195,000
MLS#OC24065252
List Date 04/02/2024
Property Type Multi-Family
Phone 714.964.3311
Request Tour
Request Info
Visit My Website

Similar Properties to 5285 E The Toledo

Ask A Question

CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors