$2,195,000 - 5285 The Toledo, Long Beach
- 0Beds
- 1Baths
- 0SQ. Feet
- 0.08Acres
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.
Sales Agent
Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent NowEssential Information
- MLS® #:OC24065252
- Price:$2,195,000
- Bathrooms:1.00
- Acres:0.08
- Year Built:1947
- Type:Residential Income
- Sub-Type:Apartment
- Status:Active
- Listing Agent:Tyler Leeson
- Listing Office:Marcus & Millichap RE Invest
Community Information
- Address:5285 The Toledo
- Area:1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
- Subdivision:Belmont Shore (BSD)
- City:Long Beach
- County:Los Angeles
- Zip Code:90803
Amenities
- Pool:None
Interior
- # of Stories:2
- Stories:Two
Exterior
- Lot Description:Street Level
Additional Information
- Date Listed:April 2nd, 2024
- Days on Market:28
- Zoning:LBR4R
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Based on information from California Regional Multiple Listing Service, Inc. as of April 30th, 2024 at 9:20pm CDT. 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.