29 days on rocket

5285 E The Toledo, Long Beach, CA, 90803

$2,195,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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5285 E The Toledo, Long Beach$2,195,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1947
MLS #OC24065252
Lot Size0.08 Acres
StatusActive

About 5285 E The Toledo

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.

Property Details

Property Features

Property Information:

  • Year Built: 1947
  • Stories: 2

Listing Office:

  • Office Name: Marcus & Millichap RE Invest
  • Office Phone: (714) 713-9086
  • Listing Agent: Tyler Leeson

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Other

Directions Information:

  • Directions: Cross Streets of East The Toledo & La Verne Avenue

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,195,000

Tax Information:

  • Annual Amount: $11,781
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Long Beach, CA.

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Long Beach, CA

City

Med. Sold Price

$790.3K

Med. Price/SqFt

$616

Avg. Days On Market

27

# of Sold Homes

179

5285 E The Toledo vs Long Beach

29 DAYS ON ROCKET

+2 Days

$2,195,000

+$1.4M More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price in Long Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #OC24065252

Listing Office:

  • Office Name: Marcus & Millichap RE Invest
  • Office Phone: (714) 713-9086
  • Listing Agent: Tyler Leeson

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 11:25:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 08, 2000Home Sold
$162,000
Jul 07, 1988Home Sold
$589,000

Tax History

YEARPROP. TAXASSESSMENT
2021$11,781$891,567
2020$11,611$881,793
2019$11,318$864,504
2018$11,197$847,554
2017$11,197$830,936

History based on county public records data.

Payment Calculator

$11K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,647

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4689630
7
/10

  • Lowell Elementary School

  • 5201 E Broadway

  • 0.20 miles

  • Public District Grades KG-5

school-card-donut-4689631
9
/10

  • Naples Elementary School

  • 5537 E The Toledo

  • 0.52 miles

  • Public District Grades KG-5

school-card-donut-4689632
8
/10

  • Fremont Elementary School

  • 4000 E 4th St

  • 0.99 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $70,567. The majority of Long Beach, CA residents have income between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5285 E The Toledo

What is the listing price of this property?

The listing price of 5285 E The Toledo property is $2,195,000.

What type of property is this?

The property 5285 E The Toledo is a condo located in Long Beach, California, 90803.

Is this property for sale now?

Active Listing: 5285 E The Toledo is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $11,781 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 8, 2000 for $162,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 5285 E The Toledo is 1947.

Rocket Homes›California›Los Angeles County›Long Beach›90803›5285 E The Toledo

This home is located at 5285 E The Toledo in Long Beach, CA and zip code 90803 in the The Harbor neighborhood. This home, which was built in 1947, sits on a 0.08 acre lot. It has been listed on Rocket Homes since April 02, 2024 and is currently priced at $2,195,000.

In April 2024, from all listings sold in Long Beach, CA there were more than 96 sold above asking price, over 47 sold below and more than 36 were sold right at the asked price. The number of homes for sale in Long Beach, CA increased by 8% between March 2024 and April 2024. While the average time on the market in April 2024 was 27 days, the median list price was $790,334.

From Rocket Homes Real Estate and based on county public records data.

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