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5285 E The Toledo, Long Beach, CA 90803
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5285 E The Toledo Long Beach, CA 90803

$2,195,000
  • 0 Beds
  • 8 Baths
  • 3,389 Sq.Ft.
For Sale
$2,195,000 Get Pre-Qualified
Map preview of 5285 E The Toledo, Long Beach, CA 90803

Property Overview: 5285 E The Toledo Long Beach, CA has -- bedrooms, 8 bathrooms, 3,389 living square feet and 3,484 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Tyler Leeson | BRE #01451551 | Marcus & Millichap RE Invest
Last checked: 29 seconds ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 31
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Home details

Lot Sq. Ft
3,484
HOA Dues
$0/mo
Year built
1947
Garage
--
Property Type:
Apartment
Status
Active
MLS#
OC24065252
City
Long Beach
County
Los Angeles
Time on Site
32 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $11,731
  • Total Rent: $11,731
  • Pro Forma/Market Rent: $16,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.16%
  • Gross Rent Multiplier: 15.46
  • Gross Scheduled Income: $140,767
  • Net Operating Income: $91,281
  • Gross Operating Income: $136,544
  • Vacancy Allowance: $4,223
  • Other Income 1: $1,200
  • Other Income Description: Misc
Annual Expense Breakdown
  • Total Operating Expense: $46,463
  • Electric: $1,468
  • Gas/Fuel: $1,468
  • New Taxes: $27,312
  • Trash: $1,468
  • Insurance: $4,200
  • Maintenance: $4,000
  • Professional Management: $0
  • Water/Sewer: $1,469
  • Other Expenses: $9,078
  • Other Expense Description: Misc

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Property Details for 5285 E The Toledo

Interior Features
Laundry Information
  • Has Laundry
  • Community
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level with Street
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 8
  • Parcel Number: 7249013038
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Shore (BSD)
  • Directions: Cross Streets of East The Toledo & La Verne Avenue
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 5285 E The Toledo

Last leased for $1,150 on January 10th, 2019

  • April, 2024

  • Apr 2, 2024

    Date

    Active

    CRMLS: OC24065252

    $2,250,000

    Price

  • January, 2019

  • Jan 10, 2019

    Date

    Leased

    CRMLS: OC18286869

    $1,150

    Price

  • Jan 5, 2019

    Date

    Pending

    CRMLS: OC18286869

    $1,150

    Price

  • Dec 6, 2018

    Date

    Active

    CRMLS: OC18286869

    $1,150

    Price

  • Listing provided courtesy of CRMLS

    Belmont Shore Studio Available January 10th 2018. Upstairs Unit Includes Stove Refridgerator. Dining Area in Kitchen/ Separate Bath. Water, Trash Paid by Landlord. Street Parking , Laundry on Premises, Total of 8 Units in Building

  • June, 2000

  • Jun 8, 2000

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2000

  • Jun 8, 2000

    Date

    Sold (Public Records)

    Public Records

    $162,000

    Price

Show More

Tax History for 5285 E The Toledo

Assessed Value (2020): $882,433
Year Land Value Improved Value Assessed Value
2020 $530,457 $351,976 $882,433

Home Value Compared to the Market

This property vs the competition

5285 E The Toledo is listed 174.41% higher than the median list price for the city of Long Beach which has a median list price of $799,900. The median price per/sqft for Long Beach is $644 and this home is listed at $647.68 per/sqft which puts the price per square foot 0.57% higher than the median price per square foot for the city of Long Beach.

About 5285 E The Toledo

Detailed summary of property

5285 E The Toledo is a apartment located in Long Beach, CA 90803 and is currently for sale. This apartment offers -- bedrooms, 8 bathrooms, roughly 3,389 living square feet, and sits on an approximately 3,484 square foot lot. 5285 E The Toledo was first listed on ArdentRealEstateGroup.com on April 2, 2024. The homeowner is currently asking $2,195,000 and was originally asking $2,250,000. The median priced home in Long Beach is $799,900 with a median price per square foot of $644. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 174.41% higher than the median priced home. Local competing homes currently for sale include 337 Ximeno Ave, 249 Grand Ave and 3701 E Broadway. While the average home in Long Beach, CA is selling in 54 days, 5285 E The Toledo has a days on market of 31 days. There are currently 610 homes for sale in the Long Beach real estate market and 349 of them are single family homes while 248 of them are condos and 13 are townhomes. For more information on this home for sale at 5285 E The Toledo Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 5285 E The Toledo

Public county record property details
Beds
--
Baths
8
Year built
1947
Sq. Ft.
3,389
Lot Size
3,309
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
3
APN
7249-013-038

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,400,000
Median List Price/Sq.Ft.
$838
Median Sold Price
$1,600,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
100
Median Sale to List Price %
100%
Avg Days on Market
57
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (43.75%), Other (6.25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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