Long Beach, CA 90803,5354 E The Toledo
Long Beach, CA 90803,5354 E The Toledo
Long Beach, CA 90803,5354 E The Toledo
4
$2,040,000
$1,795,000
13.6%
Est.Price: ?

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8 BD
4 BA
4,508 Sqft Lot

5354 E The Toledo Long Beach, CA 90803

Est. payment /mo
SOLD DATE : 03/31/2022

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Key Details

Sold Price $2,040,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW22033128

Sold Date 03/31/22

Bedrooms 8

HOA Y/N No

Lot Size 4,508 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

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.
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.

Location

State CA

County Los Angeles

Area Long Beach (90803)

Zoning Assessor

Building

Lot Description Corner Lot, Sidewalks

Story 2

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Acceptable Financing Exchange

Space Rent $1,810

Listing Terms Exchange

Financing Cash

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San Diego Regional MLS (SDMLS)
Listed by Moe Shahbani • Coldwell Banker Realty
Bought with Moe Shahbani • Coldwell Banker Realty

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agent

Alcy Garcia

BROKER | OWNER | License ID: 01890606

+1(442) 204-0928

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