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5354 E The Toledo, Long Beach, CA 90803
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5354 E The Toledo Long Beach, CA 90803

$2,450,000 Sold Price as of 07/28/2022
  • 8 Beds
  • 4 Baths
  • 3,976 Sq.Ft.
Sold
$2,450,000 Sold Price as of 07/28/2022 Refinance Your Mortgage
Map preview of 5354 E The Toledo, Long Beach, CA 90803

Property Overview: 5354 E The Toledo Long Beach, CA has 8 bedrooms, 4 bathrooms, 3,976 living square feet and 4,508 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Absolutely amazing quadraplex located in the heart of Belmont Shore less than a block from the bay and 2 blocks from the Ocean. Situated in the heart of all that is Belmont Shore. Take a stroll to Mother's Beach, a hop skip and a jump to Bay View, a short walk to the restaurant, bars and shopping your heart desires. This 4-unit consists of all 2-bedroom units approximately 1,000 square feet in size each. Seller has permits in the works to convert the 2-car garage into an ADU style apartment with a private yard and entrance. Seller has also initiated permits to renovate all 4 units.

Listed by Joshua Glaz | BRE #01856858 | Your Realty Inc.
Last checked: 5 minutes ago | Last updated: July 28th, 2022 | Source CRMLS | DOM: 64

Home details

Lot Sq. Ft
4,508
HOA Dues
$0/mo
Year built
1928
Garage
2 Car
Property Type:
Fourplex
Status
Sold
MLS#
DW22091802
City
Long Beach
County
Los Angeles
Time on Site
737 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,730
  • Total Rent: $1,730
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $86,400
  • Net Operating Income: $84,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 5354 E The Toledo

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Front Yard, Lawn, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 7249017001
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Belmont Shore (BSD)
  • Directions: 2nd St to the Toledo head north
Neighborhood Information
  • Community Features: Curbs, Fishing, Park, Watersports, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 5354 E The Toledo

Last sold for $2,450,000 on July 28th, 2022

  • July, 2022

  • Jul 28, 2022

    Date

    Sold

    CRMLS: DW22091802

    $2,450,000

    Price

  • May 3, 2022

    Date

    Active

    CRMLS: DW22091802

    $2,695,000

    Price

  • February, 2022

  • Feb 20, 2022

    Date

    Active

    CRMLS: PW22033128

    $1,795,000

    Price

  • Listing provided courtesy of CRMLS

    Best location with significant upside potential, surrounded by multi-million dollar homes. 2 short blocks to Alamitos Bay with sandy beaches, water activities and boat docks. Also two blocks to 2nd Street restaurants and boutique shops. A very short distance to Naples, Peninsula, bike path and award-winning schools. 5354 E. The Toledo is a fantastic investment. 1928 Spanish structure with 4 large and bright two bedroom, one bath units, oozing character and charm with mock fireplaces, wood flooring, and old charm. Each unit has its own inside laundry and a one car garage. Each is individually metered for gas and electricity. In addition, there is a fenced yard that is enjoyed by the tenants. This property with it's prime location is in a very high demand rental area and is ripe for repositioning and renovating to achieve market rents that are approximately 50% higher than current rents.

  • October, 2011

  • Oct 6, 2011

    Date

    Sold (Public Records)

    Public Records

    $221,000

    Price

  • May, 1996

  • May 6, 1996

    Date

    Sold (Public Records)

    Public Records

    $400,000

    Price

Show More

Tax History for 5354 E The Toledo

Assessed Value (2020): $1,182,278
Year Land Value Improved Value Assessed Value
2020 $855,745 $326,533 $1,182,278

Home Value Compared to the Market

This property vs the competition

5354 E The Toledo sold on July 28, 2022 for 211.88% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $627.52 per/sqft which puts the price per square foot 0.71% lower than the current median sale per square foot for the city of Long Beach.

About 5354 E The Toledo

Detailed summary of property

5354 E The Toledo is a fourplex that recently sold in Long Beach, CA 90803. This fourplex offered 8 bedrooms, 4 bathrooms, roughly 3,976 living square feet, and sits on an approximately 4,508 square foot lot. 5354 E The Toledo was first listed on ArdentRealEstateGroup.com on May 3, 2022. The homeowner sold the property for $2,450,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 211.88% higher than the current median priced home. Local homes that are currently for sale include 3701 E Broadway, 830 Roswell Ave and 3316 E 3rd St. While the average home in Long Beach, CA is selling in 51 days, 5354 E The Toledo has a days on market of 64 days. There are currently 639 homes for sale in the Long Beach real estate market and 354 of them are single family homes while 271 of them are condos and 14 are townhomes. For more information on this home for sale at 5354 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 5354 E The Toledo

Public county record property details
Beds
8
Baths
4
Year built
1928
Sq. Ft.
3,976
Lot Size
4,507
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,2
APN
7249-017-001

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
$1,499,000
Median List Price/Sq.Ft.
$840
Median Sold Price
$1,600,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
111
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%)

Thinking of Selling?

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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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