NOT LISTED FOR SALE

5129 E The Toledo Long Beach, CA 90803

Belmont Shore Neighborhood
4 Beds
4 Baths
3,488 Sq Ft
5,170 Sq Ft Lot

Last Sold February 11, 2014

Last sale price $1,185,000 $340 Per Sq Ft

18 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Laundry Room
  • Lowell Elementary School Rated A-
  • No HOA
  • 3-minute walk to Livingston Drive Park

About This Home

As of February 2014

Here is an outstanding opportunity to own in Belmont Park, one of the premier investment locations in Long Beach, where we enjoy NO RENT CONTROL and LOWER DENSITY than adjacent areas. Lot sizes in Belmont Park are nearly twice as large as lots in Belmont Shore, yet Belmont Park remains just one block from 2nd St Shopping and Restaurants, and four blocks to the Pacific Ocean. All units are one bedroom, and VERY easy to rent. Rents are low and upside potential is strong. Excellent loan with Chase is assumable to qualified Buyer.

Last Agent to Sell the Property

Mary Nimocks

Sandpiper Properties License #00580178 Listed on: 09/19/2013

Last Buyer's Agent

Robert Stepp

Keller Williams Realty Downey License #01456379

Keller Williams Realty Downey

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1943

Lot Details

  • 5,170 Sq Ft Lot
  • Lot Dimensions are 50 x 103.2
  • Property fronts an alley
  • No Common Walls
  • South Facing Home

Parking

  • 2 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Additions or Alterations
  • Raised Foundation
  • Slab Foundation
  • Rolled or Hot Mop Roof
  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 3,488 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 20
  • Tax Tract Number 11625
  • Assessor Parcel Number 7249012020

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $280
  • Insurance Expense $1,100
  • Trash Expense $500
  • Water Sewer Expense $1,000
  • New Taxes Expense $15,625
  • Gross Income $54,720
  • Net Operating Income $33,926

Property Details

Home Type

Multi-Family

Year Built

Built in 1943

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • CapRate: 3.40
  • Inclusions: Ranges, refrigerators, laundry equipment
  • Price Per Unit: 250000
  • Property Attached: No
  • Road Frontage Type: Alley
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Belmont Park (BP)
  • Water Sewer Expenses: 1000.00
  • Zoning: LBR4R
  • Architectural Style: Traditional
  • Property Condition: Additions/Alterations
  • Property Type: Residential Income
  • Gardener Expense: 280.00
  • Parcel Number: 7249012020
  • Year Built: 1943
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 339.74

Exterior Features

  • Direction Faces: South
  • Foundation: Slab, Concrete Perimeter, Raised
  • Pool Private: No
  • Roof: Composition, Rolled/Hot Mop
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Assigned, Garage
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Available, Sewer Connected, Phone Available, Water Connected
  • Laundry: Yes
  • Laundry Features: Community, Individual Room
  • Trash Expense: 500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Storm Drains

Lot Info

  • Lot Size: 50 X 103.2
  • Lot Size Sq Ft: 5170.00
  • Lot Size Acres: 0.1190

Multi Family

  • Average1 Bed Area: 700
  • Gross Income: 54720.00
  • Gross Multiplier: 17.00
  • Gross Scheduled Income: 54720.00
  • Insurance Expense: 1100.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 5170.0000 Square Feet
  • Net Operating Income: 33926.00
  • Number Of Rented Garages: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 19152.00
  • Operating Expense Percent: 35.00
  • Other Income Description: Pro forma rents $83,400/year
  • Rent Control: No
  • Total Actual Rent: 4560.00
  • Vacancy Allowance: 1642
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 15625.00
  • Tax Area: 5500
  • Tax Lot: 20
  • Tax Tract Number: 11625

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2014 02/11/14 Sold $1,185,000 -5.2% $340 / Sq Ft
10/07/2013 10/07/13 Pending -- -- --
09/19/2013 09/19/13 For Sale $1,250,000 -- $358 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Mary Nimocks

    Sandpiper Properties

    (562) 212-1677

    3 Total Sales

    Mary Nimocks
    Section Image
  • Robert Stepp

    Buyer's Agent in 2014

    Robert Stepp

    Keller Williams Realty Downey

    (310) 804-5079

    1 in this area

    71 Total Sales

    Robert Stepp
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW13194922

California Regional Multiple Listing Service (CRMLS)

APN: 7249-012-020

California Los Angeles County Long Beach 90803 Belmont Shore

5129 E The Toledo, Long Beach, CA

This home is located at 5129 E The Toledo, Long Beach, CA 90803 since 19 September 2013. This property was built in 1943. 5129 E The Toledo is a home located in Los Angeles County with nearby schools including Lowell Elementary School, Rogers Middle School, and Woodrow Wilson High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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. Properties may or may not be listed by the office/agent presenting the information

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