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Sold on 08/27/2024
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5261 E The Toledo, Long Beach, CA 90803

$3,300,000

Last sold 08/27/2024 after 82 Days

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    bed

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    bath

Multi-family not for sale
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About 5261 E The Toledo

Property type Multi-family
Neighborhood
Year built 1943
HOA fee $0/month
Lot size 5,304 Sqft
Parking 2 garage spaces
Rental estimate
Property description
Introducing “The Toledo”, an 8-unit, apartment building in the heart of Belmont Shore. This immaculate building features 4 spacious units in the front- 2 of which have front patios, and the remaining 4 units located in the back. The property also includes a two-car garage that presents an excellent opportunity for an ADU conversion. The common areas have been well-maintained, offering a pleasant environment for all tenants. This meticulously maintained 8-unit property offers a unique blend of coastal living and urban convenience, making it a highly desirable location for tenants. Nestled in the vibrant Belmont Shore neighborhood, this property is just a short stroll away from the beach, popular dining spots, boutique shops, and recreational activities. Enjoy the best of Long Beach living with easy access to the bustling 2nd Street and the serene coastline. Don't miss out on this rare opportunity to own this gem in one of Long Beach's best neighborhoods.
Listed by
Listing Agent - Giannina Silva
Listing Agent Contact: 562-572-4978
Listing Office - INTI Realty
Source: CRMLS mls logo
MLS#PW24115206 • last updated 2 years ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1218
Lot Size (SqFt) 5304
Year Built 1943
Condition Updated/Remodeled
Interior
Exterior
Building Area Square Feet, 4468
Parking Garage - Single Door
# Parking Spaces 2
# Garage Spaces 2
Lot Description Near Public Transit
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Curbs, Sidewalks, Street Lights
Subdivision Belmont Park (BP), Belmont Park (BP)
Zoning LBR4R
Directions The Toledo & Covina Ave.
APN 7249013019
Multifamily Details
Vacancy Allowance Rate 2
Vacancy Allowance 4433
Expense: Trash 1450
Laundry Income 600
Operating Expense 53231
Cap Rate 5
Expense: Insurance 3500
Total Expenses 53231
Expense: Maintenance 4800
Expense: Water/ Sewer 1550
Gross Income 221640
Gross Operating Income 217207
Gross Multiplier 15.19
Gross Scheduled Income 221640
Rental est.: $1,748/month
Gross rent multiplier: 157.3
  • Aug 2024
    mls logo MLS # PW24115206
  • Aug 28, 2024 Sold
    $3,300,000
  • Jun 28, 2024 Pending
    —
  • Jun 6, 2024 Listed
    $3,300,000 (+3.1%)
  • Aug 2024
    Public Records
  • Aug 27, 2024 Sold
    $3,300,000
  • Mar 2019
    mls logo MLS # PW18296446
  • Mar 1, 2019 Listed
    $3,200,000 (-20.0%)
  • Dec 27, 2018 Listed
    $4,000,000 (+135.3%)
  • Jun 2013
    mls logo MLS # PW13071296
  • Jun 10, 2013 Sold
    $1,700,000
  • Apr 18, 2013 Listed
    $1,748,000 (+14.2%)
  • Jun 2013
    Public Records
  • Jun 10, 2013 Sold
    $1,700,017 (-2.7%)
  • Mar 2005
    Public Records
  • Mar 17, 2005 Sold
    $1,530,000
  • Year Property taxes Tax assessment
  • 2024
    $26,925 +1.7%
    $2,053,210
  • 2023
    $26,465 +6.6%
    $2,053,210 +4.04%
  • 2022
    $24,837 +2.1%
    $1,973,516 +2.0%
  • 2021
    $24,338 +0.3%
    $1,934,837 +1.04%
  • 2020
    $24,276
    $1,915,008
  • 5261 E The Toledo
    $3.3M
  • Belmont Park
    $1.58M +230% y/y
  • 90803
    $1.17M -1% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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8/10
Lowell Elementary School
public Grades K-5
Long Beach Unified School District
7/10
Rogers Middle School
public Grades 6-8
Long Beach Unified School District
6/10
Wilson High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/11/2026. 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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