NOT LISTED FOR SALE

5212 E The Toledo Long Beach, CA 90803

Belmont Shore Neighborhood
3 Beds
2 Baths
4,913 Sq Ft
1950 Built

Last Sold March 02, 2017

Last sale price $2,400,000 $488 Per Sq Ft

Highlights

  • 214,010,280 Sq Ft lot
  • Fireplace in Bathroom
  • Wood Flooring
  • Lowell Elementary School Rated A-
  • Traditional Architecture
  • 4-minute walk to Livingston Drive Park

About This Home

As of March 2017

A rare opportunity to purchase a 10 unit complex, located in the highly desirable Belmont Shore area of Long Beach. First time on the market, original owner, purchased the land and built the complex. The property is walking distance to the popular retail, dining and entertainment center of 2nd Street, parks and schools. Exterior of the complex recently painted. Coin operated washer & dryer located in the upstairs laundry room. Lower units have original hardwood flooring, upstairs units are carpeted, tiled kitchen cabinets.

Last Agent to Sell the Property

Sue Hughes

Y Realty License #01910550 Listed on: 12/19/2016

Last Buyer's Agent

Sue Hughes

Y Realty License #01910550 Listed on: 12/19/2016

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,300

Year Built

  • Built in 1950

Lot Details

  • 4,913 Acre Lot
  • Property fronts an alley
  • End Unit
  • Two or More Common Walls
  • Chain Link Fence
  • Density is up to 1 Unit/Acre

Parking

  • On-Street Parking

Home Design

  • Traditional Architecture
  • Property Attached
  • Stucco

Interior Spaces

  • 4,913 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Living Room
  • Wood Flooring
  • Neighborhood Views
  • Gas Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Fireplace
  • Exterior Lighting

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tenant pays for cable TV
  • Tax Lot 3
  • Tax Tract Number 3885
  • Assessor Parcel Number 7249028003

Community Details

Overview

  • No Home Owners Association
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • 10 Separate Electric Meters
  • 10 Separate Gas Meters
  • 11 Separate Water Meters
  • Electric Expense $612
  • Gardener Expense $785
  • Insurance Expense $3,495
  • Trash Expense $320
  • Water Sewer Expense $1,300
  • New Taxes Expense $300,000
  • Operating Expense $36,512
  • Gross Income $74,850
  • Net Operating Income $74,850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,300

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Assessments: No
  • Inclusions: Coin Operated Washer, Dryer, Refrigerators, Ranges
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Paved
  • Subdivision Name Other: Belmont Shore (BSD)
  • View: Yes
  • Water Sewer Expenses: 1300.00
  • Zoning: LBR2S
  • Architectural Style: Traditional
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Gardener Expense: 785.00
  • Parcel Number: 7249028003
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Unfurnished
  • Stories: 2
  • Common Walls: 2+ Common Walls, End Unit
  • Flooring: Wood
  • Appliances: Yes
  • Fireplace Features: Bath, Outside, Gas
  • Levels: Two
  • Price Per Square Foot: 488.50
  • Room Type: Kitchen, Living Room

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 320.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 214010280.00

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Average1 Bed Area: 9 Square Feet
  • Average2 Bed Area: 1 Square Feet
  • Electric Expense: 612.00
  • Gross Income: 74850.00
  • Gross Scheduled Income: 110400.00
  • Insurance Expense: 3495.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 175.00
  • Net Operating Income: 74850.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 11
  • Number Of Units Total: 10
  • Number With Carpet: 5
  • Number With Patio: 1
  • Number With Range: 10
  • Number With Refrigerator: 10
  • Operating Expense: 35550.00
  • Rent Control: No
  • Total Expenses: 36512.00

Tax Info

  • New Taxes Expense: 300000.00
  • Tax Census Tract: 5774.00
  • Tax Lot: 3
  • Tax Tract Number: 3885
  • Tax Annual Amount: 10300.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
03/05/2017 03/05/17 Off Market $2,400,000 -- --
03/02/2017 03/02/17 Sold $2,400,000 0.0% $488 / Sq Ft
02/05/2017 02/05/17 For Sale $2,400,000 -- $488 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sue Hughes

    Seller's Agent in 2017

    Sue Hughes

    Y Realty

    (562) 260-0588

    2 in this area

    13 Total Sales

    Sue Hughes
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW16763535

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90803 Belmont Shore

5212 E The Toledo, Long Beach, CA

Not Listed for Sale

MultiFamily

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