5354 E The Toledo Long Beach, CA 90803
Listing Courtesy of: CRMLS / Long Beach / Mohsen "Moe" Shahbani

  5354 E The Toledo Long Beach, CA 90803

Sold (11 Days)
$2,040,000

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.

MLS #:
PW22033128
Lot Size
4,508 SQFT
Type
Multifamily
Year Built
1928
County
Los Angeles County
Community
Belmont Shore (Bsd)

Listed By

Mohsen "Moe" Shahbani, DRE #01068932 CA, Long Beach
Bought with
Moe Shahbani, DRE #01068932 CA, Coldwell Banker Realty
Source
CRMLS
Last checked Jun 17 2025 at 6:29 PM GMT+0000
Bathroom Details
Interior Features
  • Multiplestaircases
  • Laundry: Inside
  • Laundry: Laundrycloset
Subdivision
  • Belmont Shore (Bsd)
Lot Information
  • Cornerlot
Property Features
  • Fireplace: Decorative
Pool Information
  • None
Flooring
  • Carpet
  • Wood
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Publicsewer
Stories
  • 2
Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.