Portofino 5400 E The Toledo Unit 701 Long Beach, CA 90803
Naples NeighborhoodEstimated payment $57,258/month
Highlights
- Ocean View
- Boat Dock
- In Ground Pool
- Naples Bayside Academy Rated A
- Boat Slip
- Fishing
About This Home
Perched atop the crown jewel of exclusive Naples Island, this extraordinary penthouse at the Portofino offers a rare opportunity to own a landmark residence in one of Southern California’s most coveted waterfront communities. Spanning approximately 4,000 square feet, this 3-bedroom, 4.5-bathroom masterpiece delivers commanding, unobstructed views of Alamitos Bay, the Pacific Ocean, city skyline, and distant mountains. Positioned at the end of Belmont Shore’s iconic 2nd Street, the penthouse is just steps from premier dining, boutique shopping, and vibrant coastal culture—yet feels worlds away in its elevated privacy and serenity. Designed with the entertainer in mind, this open-concept home seamlessly blends indoor and outdoor living. Expansive wraparound terraces provide the perfect setting for intimate dinners or large-scale gatherings, offering panoramic vistas that leave a lasting impression. Floor-to-ceiling windows flood the living spaces with natural light, showcasing the ever-changing scenery from every room. Inside, the residence boasts a thoughtfully designed layout with grand living and dining areas, a gourmet kitchen tailored for both culinary precision and casual elegance, a stylish bar area, and dedicated laundry and fitness rooms. Two of the 3 spacious bedrooms offers its own ensuite bath, the third bedroom also enjoys a full bath down the hall, while an additional guest powder room adds convenience and sophistication. Notably, this penthouse was once home to Hollywood royalty and is being offered for sale only for the second time since its original construction in 1962—underscoring its legacy and exclusivity. A defining feature of the Portofino lifestyle is the private marina just steps from your door, offering seamless access to the water and an exclusive coastal living experience. Included in the sale is one boat slip accommodating vessels up to 30 feet—ideal for spontaneous bay cruises or sunset sails. Residents also enjoy a refreshing waterfront pool, perfect for relaxing after a day on the water or simply soaking in the serene bayfront ambiance. And for one unforgettable night each year, the penthouse becomes the ultimate vantage point for the city’s dazzling July 4th fireworks, reflected across the bay in a breathtaking display. With timeless elegance, unmatched views, and a location that combines vibrant city living with tranquil coastal charm, this is more than a residence—it’s a rare piece of Southern California history.
Last Listed By
The Agency Brokerage Phone: 562-355-0334 License #01912506 Listed on: 05/30/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $18,128
Year Built
- Built in 1962
Lot Details
- No Common Walls
HOA Fees
- $2,677 Monthly HOA Fees
Parking
- Subterranean Parking
- Parking Available
Property Views
- Ocean
- Marina
- Coastline
- Catalina
- Panoramic
- Bridge
- Canal
- Mountain
- Hills
- Neighborhood
Interior Spaces
- 4,000 Sq Ft Home
- 1-Story Property
- Formal Entry
- Living Room
- Home Office
- Laundry Room
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Primary Bedroom Suite
Outdoor Features
- In Ground Pool
- Boat Slip
- Exterior Lighting
Utilities
- Two cooling system units
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 28697
- Assessor Parcel Number 7244015090
Community Details
Overview
- 62 Units
- Portofino HOA Of Long Beach Association, Phone Number (714) 557-5900
- Tritz Pm HOA
- Naples Subdivision
Recreation
- Boat Dock
- Community Pool
- Fishing
- Water Sports
- Bike Trail
Pet Policy
- Pets Allowed
- Pet Restriction
Security
- Security Service
- Controlled Access
Map
About Portofino
Home Values in the Area
Average Home Value in this Area
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 | $18,128 | $1,440,353 | $919,762 | $520,591 |
| 2023 | $17,829 | $1,412,112 | $901,728 | $510,384 |
| 2022 | $16,699 | $1,384,425 | $884,048 | $500,377 |
| 2021 | $16,384 | $1,357,280 | $866,714 | $490,566 |
| 2019 | $16,146 | $1,317,023 | $841,007 | $476,016 |
| 2018 | $15,786 | $1,291,200 | $824,517 | $466,683 |
| 2016 | $14,512 | $1,241,062 | $792,500 | $448,562 |
| 2015 | $13,915 | $1,222,421 | $780,596 | $441,825 |
| 2014 | $13,797 | $1,198,477 | $765,306 | $433,171 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $975,000 | Lawyers Title | |
| Grant Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $750,000 | New Conventional | |
| Closed | $364,000 | New Conventional | |
| Closed | $417,000 | Unknown | |
| Closed | $50,000 | Credit Line Revolving | |
| Closed | $750,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS25078331
APN: 7244-015-090
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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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