Richard Gaylord
Re/Max R. E. Specialists
(424) 300-8259
25 Total Sales
6 in Belmont Shore
$1.3M - $2.9M Price Range
5261 E The Toledo Long Beach, CA 90803
Belmont Shore Neighborhood
8
Beds
8
Baths
4,468
Sq Ft
5,304
Sq Ft Lot
Highlights
- 0.12 Acre Lot
- Property is near public transit
- 5-minute walk to Livingston Drive Park
- Lowell Elementary School Rated A-
About This Home
As of August 2024Introducing “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.
Last Agent to Sell the Property
INTI Realty Brokerage Phone: 562-572-4978 License #01408839 Listed on: 06/07/2024
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1943 | Remodeled
Lot Details
- 5,304 Sq Ft Lot
- 1 Common Wall
Parking
- 2 Car Garage
- Parking Available
- Single Garage Door
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 4,468 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Additional Features
- Exterior Lighting
- Property is near public transit
Listing and Financial Details
- Tenant pays for cable TV, electricity
- Legal Lot and Block 3 / 24
- Tax Tract Number 7029
- Assessor Parcel Number 7249013019
- $1,418 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 8 Units
- Belmont Park Subdivision
Amenities
- Laundry Facilities
Building Details
- 7 Leased Units
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $3,500
- Maintenance Expense $4,800
- Other Expense $300
- Trash Expense $1,450
- Water Sewer Expense $1,550
- New Taxes Expense $41,250
- Operating Expense $53,231
- Gross Income $221,640
- Net Operating Income $163,976
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 7, 2024
Closed on
Aug 19, 2024
Sold by
Bought by
Seller's Agent
Gia Silva
INTI Realty
Buyer's Agent
Rose Butler
Fiv Realty Co
List Price
$3,300,000
Sold Price
$3,300,000
Views
13
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,310,000
Interest Rate
6.89%
Mortgage Type
Construction
Purchase Details
Listed on
Apr 18, 2013
Closed on
May 30, 2013
Sold by
Bought by
Seller's Agent
Larry Bustamante
Keller Williams Realty Downey
Buyer's Agent
Marna Brennan
Marna Brennan, Broker
List Price
$1,748,000
Sold Price
$1,700,000
Premium/Discount to List
-$48,000
-2.75%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.09%
Purchase Details
Closed on
Jun 22, 2009
Sold by
Bought by
Purchase Details
Closed on
Mar 1, 2005
Sold by
Bought by
Purchase Details
Closed on
Mar 20, 2002
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.94%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Belmont Shore, CA
-
Richard Gaylord
-
Heidi Bailey
Heidi Bailey
Keller Williams Coastal Prop.
(949) 356-7766
36 Total Sales
2 in Belmont Shore
$1,525,000 Price Range
-
Allison Van Wig
Allison Van Wig
Responds QuicklyKeller Williams Coastal Prop.
(562) 582-8861
237 Total Sales
1 in Belmont Shore
$1,297,000 Price
-
Erika Alvarez
Erika Alvarez
RE/MAX Select One
(657) 325-5556
41 Total Sales
1 in Belmont Shore
$1,370,000 Price
-
Joshua Glaz
Joshua Glaz
The Ave
(657) 325-8448
255 Total Sales
1 in Belmont Shore
$2,450,000 Price
-
Dave Shorter
Dave Shorter
David Shorter, Broker
(562) 418-5957
37 Total Sales
1 in Belmont Shore
$1,600,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,300,000 | First American Title Company | ||
| $1,700,017 | First American Title Ins Co | ||
| -- | Accommodation | ||
| $1,530,000 | North American Title Co | ||
| -- | Commonwealth Land Title Co |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $2,233,124 | ||
| Closed | $2,310,000 | ||
| Previous Owner | $1,400,000 | ||
| Previous Owner | $1,000,000 | ||
| Previous Owner | $550,000 | ||
| Previous Owner | $350,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/27/2024 08/27/24 | Sold | $3,300,000 | 0.0% | $739 / Sq Ft | |
| 06/28/2024 06/28/24 | Pending | -- | -- | -- | |
| 06/07/2024 06/07/24 | For Sale | $3,300,000 | +94.1% | $739 / Sq Ft | |
| 06/10/2013 06/10/13 | Sold | $1,700,000 | -2.7% | $380 / Sq Ft | View Prior Sale |
| 05/01/2013 05/01/13 | Pending | -- | -- | -- | |
| 04/18/2013 04/18/13 | For Sale | $1,748,000 | -- | $391 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $43,445 | $3,300,000 | $1,800,000 | $1,500,000 |
| 2024 | $26,925 | $2,052,370 | $1,146,914 | $905,456 |
| 2023 | $26,465 | $2,012,128 | $1,124,426 | $887,702 |
| 2022 | $24,837 | $1,972,676 | $1,102,379 | $870,297 |
| 2021 | $24,338 | $1,933,997 | $1,080,764 | $853,233 |
| 2019 | $23,990 | $1,877,476 | $1,048,709 | $828,767 |
| 2018 | $23,379 | $1,840,681 | $1,028,147 | $812,534 |
| 2016 | $21,519 | $1,768,400 | $988,224 | $780,176 |
| 2015 | $20,653 | $1,741,838 | $973,380 | $768,458 |
| 2014 | $20,520 | $1,707,718 | $954,313 | $753,405 |
Source: Public Records
Agents Affiliated with this Home
-
Gia Silva
Seller's Agent in 2024
Gia Silva
INTI Realty
(562) 572-4978
2 in this area
79 Total Sales
-
Rose Butler
Buyer's Agent in 2024
Rose Butler
Fiv Realty Co
(818) 437-9152
2 in this area
72 Total Sales
-
Larry Bustamante
Seller's Agent in 2013
Larry Bustamante
Keller Williams Realty Downey
(323) 481-9788
17 Total Sales
-
Marna Brennan
Buyer's Agent in 2013
Marna Brennan
Marna Brennan, Broker
(562) 621-0903
1 Total Sale
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24115206
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.
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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