NOT LISTED FOR SALE

Portofino 5400 E The Toledo Unit 502 Long Beach, CA 90803

Naples Neighborhood

Estimated Value: $844,000 - $1,053,000

2 Beds
2 Baths
1,118 Sq Ft
$585/mo HOA Fee

Last Sold May 10, 2021

Last sale price $800,000 $716 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $6,732/month

42 Days on Market

Highlights

  • Ocean View
  • Custom Home
  • Open Floorplan
  • Naples Bayside Academy Rated A
  • 0.8 Acre Lot
  • Main Floor Primary Bedroom

About This Home

As of May 2021

Recently reduced Portofino home is just waiting for the right owner to come along with a vision to make this condo their own. Rarely available West facing condo has 2 bedrooms/2 bathrooms, full sized washer/dryer and central heating/air. Upon entering you will find floor to ceiling windows with sliding glass doors looking onto Alamitos Bay and 2nd street bridge.

This premium location gives you the best of both worlds, beautiful views all the way to Catalina on your left and the picturesque 2nd Street Bridge with City lights on your right. There’s nothing like living on an actual island in the Alamitos Bay and enjoying the Christmas Trees in the Bay and watching the Christmas Boat Parade from your own living room window.

Location, Location, Location!

Last Agent to Sell the Property

Jennifer Goldstein

Keller Williams South Bay License #01847157 Listed on: 03/10/2021

Keller Williams South Bay

Co-Listed By

Michele Brown

Keller Williams South Bay License #01165450

Last Buyer's Agent

Blake Nicolai

Re/Max R. E. Specialists License #01896527

Re/Max R. E. Specialists

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $11,967

Year Built

  • Built in 1962

Lot Details

  • Two or More Common Walls

HOA Fees

  • $585 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Parking Available
  • Garage Door Opener
  • Assigned Parking

Property Views

  • Ocean
  • City Lights
  • Pool

Home Design

  • Custom Home
  • Contemporary Architecture

Interior Spaces

  • 1,118 Sq Ft Home
  • Open Floorplan
  • Entryway
  • Family Room Off Kitchen
  • Living Room
  • Closed Circuit Camera

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Electric Oven
  • Self-Cleaning Oven
  • Electric Cooktop
  • Dishwasher
  • Tile Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms
  • Tile Bathroom Countertop
  • Makeup or Vanity Space
  • Bathtub with Shower
  • Walk-in Shower

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Living Room Balcony
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 28697
  • Assessor Parcel Number 7244015066

Community Details

Overview

  • Master Insurance
  • 62 Units
  • Portofino HOA Of Long Beach Association, Phone Number (818) 981-1802
  • Lbpm HOA
  • Maintained Community

Amenities

  • Trash Chute

Recreation

  • Community Pool

Security

  • Security Service
  • Resident Manager or Management On Site
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,967

Year Built

Built in 1962

Lot Details

0

HOA Fees

$585 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Inclusions: Washer/Dryer and Refrigerator
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Security: Card/Code Access, Closed Circuit Camera(s)
  • View: Yes
  • Zoning: LBR4N
  • Architectural Style: Contemporary, Custom Built
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 7244015066
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1118.00 Square Feet
  • Interior Amenities: Balcony, Elevator, Living Room Balcony, Open Floorplan, Trash Chute
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 2
  • Eating Area: Breakfast Counter / Bar
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 715.56
  • Room Type: All Bedrooms Down, Entry, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom
  • Bathroom Features: Shower In Tub, Tile Counters, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Kitchen Open To Family Room, Tile Counters

Exterior Features

  • View: City Lights, Ocean, Pool
  • Pool Features: Community
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Assigned, Garage Door Opener
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Self Cleaning Oven, Dishwasher, Electric Oven, Electric Cooktop, Refrigerator, Water Heater
  • Heating Type: Central
  • Laundry Features: In Kitchen, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pool, Cable TV, Insurance, Maintenance Grounds, Trash, Water, Management, Security, Controlled Access
  • Association Fee: 584.60
  • Association Fee Frequency: Monthly
  • Association Name: Portofino HOA of Long Beach
  • Phone: 1-818-9811802
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Sidewalks, Street Lights
  • Association Management: LBPM

Schools

  • School District: Long Beach Unified

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 34797.00
  • Lot Size Acres: 0.7988

Multi Family

  • Lease Considered: No
  • Lot Size Area: 34797.0000 Square Feet
  • Number Of Units In Community: 62
  • Number Of Units Total: 62

Tax Info

  • Tax Census Tract: 5775.01
  • Tax Lot: 1
  • Tax Tract Number: 28697

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 24, 2022
Sold by
Suares Family Trust
Bought by
Frank And June Ornelas Revocable Trust
Total Days on Market
42
Current Estimated Value
$917,480

Purchase Details

Listed on
Mar 10, 2021
Closed on
Apr 28, 2021
Sold by
Gamble Joseph D and The Thomas F Gamble 2014 Trust
Bought by
Suares Rahamin and Suares Julie Susan
Seller's Agent
Jennifer Goldstein
Keller Williams South Bay
Buyer's Agent
Blake Nicolai
Re/Max R. E. Specialists
List Price
$885,000
Sold Price
$800,000
Premium/Discount to List
-$85,000
-9.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.24%

Purchase Details

Closed on
Jan 23, 2015
Sold by
Gold Gamble Marlene
Bought by
Gold Gamble Marlene and Marlene Gold Gamble Living Trust

Purchase Details

Closed on
Sep 24, 2014
Sold by
Gamble Thomas F
Bought by
Gamble Thomas F and Thomas F Gamble 2014 Trust

Purchase Details

Closed on
Sep 1, 2014
Sold by
Gamble Thomas F
Bought by
Gamble Thomas F

Purchase Details

Closed on
Jun 25, 1998
Sold by
Fox Betty K
Bought by
Gamble Thomas F and Gold Marlene A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
6.93%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Frank And June Ornelas Revocable Trust $907,500 Ticor Title
Suares Rahamin $800,000 Provident Title
Gold Gamble Marlene -- None Available
Gamble Thomas F -- None Available
Gamble Thomas F -- None Available
Gamble Thomas F $275,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gold Gamble Marlene A $338,381
Previous Owner Gamble Thomas F $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/10/2021 05/10/21 Sold $800,000 -5.9% $716 / Sq Ft
04/15/2021 04/15/21 Price Changed $850,000 -4.0% $760 / Sq Ft
03/10/2021 03/10/21 For Sale $885,000 -- $792 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $11,967 $944,162 $639,637 $304,525
2023 $11,769 $925,650 $627,096 $298,554
2022 $9,942 $816,000 $561,918 $254,082
2021 $4,889 $398,266 $238,963 $159,303
2020 $4,875 $394,183 $236,513 $157,670
2019 $4,816 $386,455 $231,876 $154,579
2018 $4,703 $378,879 $227,330 $151,549
2016 $4,322 $364,168 $218,503 $145,665
2015 $4,146 $358,698 $215,221 $143,477
2014 $4,116 $351,673 $211,006 $140,667
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB21046161

California Regional Multiple Listing Service (CRMLS)

APN: 7244-015-066