$2,195,000
5285 The Toledo, Long Beach 90803
1
Bath
3,485
Lot Size
8
# Of Units
Listing Agent
Tyler Leeson - Marcus & Millichap RE Invest5285 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.
Facts & Features
MLS® # | OC24065252 |
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Price | $2,195,000 |
Bathrooms | 1.00 |
Lot Size | 3,485 |
Year Built | 1947 |
Type | Residential Income |
Sub-Type | Apartment |
Status | Active |
# Of Units | 8 |
Community Information
Address | 5285 The Toledo |
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Area | 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr |
Subdivision | Belmont Shore (BSD) |
City | Long Beach |
County | Los Angeles |
Zip Code | 90803 |
Amenities
Is Waterfront | No |
---|---|
Has Pool | No |
Pool | None |
Interior
Has Basement | No |
---|---|
Fireplace | No |
# of Stories | 2 |
Stories | Two |
Exterior
Lot Description | Street Level |
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Additional Information
Date Listed | April 2nd, 2024 |
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Days on Market | 28 |
Zoning | LBR4R |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Tyler Leeson |
---|---|
Office | Marcus & Millichap RE Invest |