5279 E THE TOLEDO

Long Beach , CA 90803

MLS#: 15964265

$1,995,000

Status: Closed
Listing number: 15964265
Listing provided by: Sperry Van Ness
Listing agent phone: None
Last update: 2 years ago
On site: 10 years ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1947

Sq.Footage

N/A

The Toledo Apartments is a charming 2-story, balcony style walk up multifamily property consisting of 8 studio/1 bath units comprised of 4 different floor plans. Current owners have infused approximately $90,000 in recent building improvements including renovated interiors with new hardwood laminate floors, stainless steel kitchen appliances, new trims and baseboards, resurfaced cabinets and upgraded vanity tile flooring, mirror, and light fixtures in the bathrooms. Additionally, some major systems have been replaced including a new roof and partial copper plumbing. The building offers 1.5 parking spaces with abundance of street parking. Given the high rental demand in this sub-market combined with the affluent local demographics, the rental rates in this building remain competitive with 8% upside to realize in rents. With easy management and low operating cost this represents an excellent turn-key opportunity for an Investor in a well located beach neighborhood.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Parking

    On Street

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.086

  • Property Type

    Residential Income

Price

  • Sales Price

    $1,995,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Daniel Baird , Sperry Van Ness

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Lina Mirza

FOUNDER

Lina Mirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
The Toledo Apartments is a charming 2-story, balcony style walk up multifamily property consisting of 8 studio/1 bath units comprised of 4 different floor plans. Current owners have infused approximately $90,000 in recent building improvements including renovated interiors with new hardwood laminate floors, stainless steel kitchen appliances, new trims and baseboards, resurfaced cabinets and upgraded vanity tile flooring, mirror, and light fixtures in the bathrooms. Additionally, some major systems have been replaced including a new roof and partial copper plumbing. The building offers 1.5 parking spaces with abundance of street parking. Given the high rental demand in this sub-market combined with the affluent local demographics, the rental rates in this building remain competitive with 8% upside to realize in rents. With easy management and low operating cost this represents an excellent turn-key opportunity for an Investor in a well located beach neighborhood.

5279 E THE TOLEDO

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

New on site 2 days ago
405 E. Esther Street is a well-maintained, cash-flowing seven-unit multifamily asset located in a desirable Long Beach neighborhood with strong rental demand. The property features a highly attractive unit mix comprised of one (1) spacious 6BD/2BA unit, three (3) 3BD/1BA units, two (2) 2BD/1BA units, and one (1) 1BD/1BA unit. The property also has a driveway with three parking spaces. Fully occupied with long-term, reliable residents, the investment offers immediate, durable income for new ownership while still providing the opportunity to capture significant rental upside through natural turnover and strategic renovations. The property presents an ideal blend of in-place stability and value-add potential in one of Southern California's most consistent and resilient rental markets.
#25630311

Long Beach

405 E Esther Street

None Beds

None Baths

4,252 Sq.Ft.

$1,925,000

MLS#: 25630311

New on site 4 days ago
This is a high demand Belmont Shore location between the 2nd Street Promenade and the ocean - Just a few minutes walk to restaurants and shops on 2nd Street, or walk three blocks south to the beach. This property has 2 studios, 2 one bedrooms, and 1 two bedroom w/ one full bath. There's also a total of three assigned parking spaces: two are covered carports and one is an uncovered space next to the carports. Outside the building there are security cameras and each unit has a separate electric meter. The owner has two storage closets and there's also a laundry room for tenants. Every unit features updated tiled baths, bright clean, well-appointed kitchens with newer refrigerators, stove/ranges, dishwashers, garbage disposals and microwaves. The living and bedroom floors are laminate or vinyl wood look flooring. PLEASE DO NOT DISTURB TENANTS.
#SB25278411

Long Beach

4401 E Division Street

None Beds

None Baths

2,628 Sq.Ft.

$1,950,000

MLS#: SB25278411

Price reduced
None
#RS25272703

Long Beach

1344 Ximeno

None Beds

None Baths

2,812 Sq.Ft.

$1,650,000

MLS#: RS25272703

Don’t miss this rare opportunity to own a turnkey Downtown Cash Cow! We are proud to offer this once in a lifetime 8-Unit Downtown Trophy Asset approximately 1 mile to the Beach, Pier and everything that's wonderful about Long Beach. NO CITYWIDE RENT CONTROL offers savvy landlords countless flexibility. Ideal Location! Location! Located within city’s fast-growing Opportunity Zone, walking distance to Historic Pine Ave, 4th Street’s Retro-Row, restaurants, bike trails, schools, churches, dog park, grocery store and approximately 200 ft to Metro A line train station. 1025 Locust is a picturesque 1920s building, featuring all the qualities and characteristics of classic 20th century architecture – boasting magnificent woodwork, built-in cabinetry, high ceilings, crown moldings, expansive floor plans with an abundance of natural light and great curb appeal. “Pride of Ownership” is evident. Recent interior upgrades include remodeled kitchens and bathrooms, refurbished hardwood flooring, new quartz/granite countertops, new wood plank vinyl flooring, 44 new windows installed in 2021, new fixtures, custom two-tone paint and AC window cooling. Recent exterior upgrades include: New common area plank flooring, New landscaping, exterior paint and trim, new garage/auto door, and concrete driveway. The units are much larger than many of the nearby apartment units. The oversized 3-room studios include galley style kitchens with counter to ceiling cabinets, walk-in closets and the extremely large 1 bedrooms offer full-size kitchens, walk-in showers, bathtubs and a service porch. Additional investor notables: spacious backyard area and four garages offer great duplex ADU building potential; new statewide density and parking requirements for multi-units near mass transit offers similar development upside as 97-unit 1112 Locust apartment building; improve best use of 5,498 sq. ft building space to double current bedroom count or increase income immediately with fully furnished apartments similar to current AirBnB Apt. #6. Don’t miss this rare opportunity to own a turnkey Cash Cow and a legacy of authentic history while taking full advantage of endless income growth. Seller MOTIVATED!!
#PW25270914

Long Beach

1025 Locust Avenue

None Beds

None Baths

5,498 Sq.Ft.

$1,875,000

MLS#: PW25270914

Huge 200k Price Reduction! Fully Renovated 6-unit building cash flowing at an amazing Current Cap Rate of 5.6% from day 1! Preliminary plans to add 5 ADUs to achieve an incredible 9.4% Cap Rate, 8 GRM, and only 195k/unit after taking into account all the construction costs (~546k assuming $200/SF). Attractive unit mix consisting of (4) well-designed One-Bedroom | One-Bathroom residential units plus (2) well-established commercial tenants (mini-market & flower-shop) both of which have been at this location for many years and have expressed interest for continued tenancy for years to come. The property is separately metered for gas and electrical utilities and each unit has its own individual water heater to further reduce operating costs. Large lot with 7 parking spaces in the back with future development & ADU potential. The property has seen a complete restoration, down to every inch. Overall systems were updated with new copper plumbing in units, new electrical sub-panels in units, new HVAC systems, new water heaters, and brand-new windows in each unit. The units have undergone gut-level updating with new wood flooring, updated lighting fixtures, and brand-new kitchen and bathrooms. In the kitchen, there are new cabinets and modern countertops. The bathrooms boast new vanities and modern fixtures along with sleek bathtubs. Located in the heart of the vibrant Zaferia Design District, this well-positioned asset offers unbeatable access to local staples such as Joe Jost’s, the Traffic Circle, Recreation Park, eclectic restaurants, bars, boutiques, galleries, and more. Located just minutes from the beach and central to the 405, 710 and 605 Freeways, offering tenants easy access to attractions and employers across the region. Long Beach is a popular rental market and population and employment hub with easy access to the beach, colleges (such as Cal State Long Beach), and major attractions including the Queen Mary, Aquarium of the Pacific, and more. Long Beach offers investors the opportunity to acquire assets in a coastal rental market with low vacancy rates without premium coastal pricing.
#PW25271411

Long Beach

2626 E Anaheim

None Beds

None Baths

3,644 Sq.Ft.

$1,600,000

MLS#: PW25271411

***Immediate Income Opportunity***Value-add 6-unit in Long Beach with enough land for additional units + parking. Fully renovated, strong cash flow, and ready for a developers expansion plans. High upside via development or hold. Rare Long Beach opportunity: a fully stabilized 6-unit multifamily income property (5 of 6 units recently renovated, 6th unit has been updated) offered with garage parking for 5 spaces. Located near freeway access, top Long Beach dining and shopping corridors, and waterfront attractions. Excellent for investors seeking both strong cash flow and development upside. [CROSS POSTED MLS# IV25264295]
#IV25271614

Long Beach

1048 E 5th Street

None Beds

None Baths

4,450 Sq.Ft.

$2,350,000

MLS#: IV25271614

Discover the perfect blend of historic charm, modern upgrades, and unmatched living flexibility at 831 Mira Mar Ave, located in the heart of Long Beach. This exceptional property features a beautifully renovated Craftsman style front home paired with two brand new, fully permitted 2025 ADUs. You want multigenerational living, a lifestyle compound, or a premium house-hack opportunity, this rare three-unit offering delivers it all. Updated in 2021, the main house maintains its Craftsman appeal while offering the modern comforts today’s buyers expect: Spacious 3-bedroom layout with a private en-suite bedroom and its own entrance, Fully remodeled kitchen and bathrooms with tile floors and tub/shower combos, LVP flooring throughout, Central HVAC, Washer & dryer included, Refrigerator, stove, and dishwasher included, Fresh paint and updated finishes, 2-car garage plus carport, Potential Mills Act eligibility for long-term property tax savings. This home is truly move-in ready and ideal for families, blended households, or an owner-occupant who values privacy and flexibility. Completed in July and never lived in, these two detached ADUs elevate the property with premium finishes, thoughtful layouts, and long-term adaptability. Each ADU includes 2 bedrooms and 2 full bathrooms, with each bedroom offering its own private en suite, modern kitchens with all-new appliances, decorative barn doors and thoughtful designer touches throughout, mini-split heating and cooling, owned solar panels, hardwired smoke and carbon monoxide detectors, fire sprinklers, tankless water heaters, washer/dryer hookups, individually metered gas and electric, and private 2-car garages with EV charging and alley access, with the lower ADU featuring its own private entrance. With their fresh construction and quality finishes, these ADUs stand out in a neighborhood known to command above-average rents for well-designed, newer units, giving owner-occupants excellent lifestyle flexibility without focusing on investor buyers. The three-unit configuration further expands how the property can be used. Enjoy the main home while keeping loved ones close, create private quarters for extended family, transform an ADU into a guest suite, office, or creative studio, or shape the property into your own multi-home compound. This rare setup provides maximum freedom to tailor the entire property to your lifestyle and long-term goals.
#PW25268177

Long Beach

831 Mira Mar Avenue

None Beds

None Baths

2,958 Sq.Ft.

$1,599,000

MLS#: PW25268177

Amazing Income Opportunity in the Heart of the Shore! This rare two-story 3BR/3BA front home offers stunning peek-a-boo views of Alamitos Bay and includes a desirable 1BR/1BA apartment perched above two full-size garages—perfect for rental income, multigenerational living, or a work-from-home retreat. The front home features an ideal floor plan with two inviting living rooms, a cozy fireplace, and an updated kitchen complete with granite counters, stainless steel appliances, recessed lighting, and an eat-in dining area. The downstairs also includes travertine tile flooring, a 3/4 bath, and a serene private inner courtyard for outdoor dining or lounging. Upstairs you’ll find three spacious bedrooms and two baths. The primary suite includes an ensuite bath and a charming peek a boo bay view. The secondary bedroom also captures impressive views of the water—rare for homes in this price range and location. Parking is a breeze with two true full-size garages, an exceptional advantage in this highly parking-impacted coastal community. The separate back unit features its own private stairway entrance and offers excellent rental potential. Solar panels on the rear-facing roof generate an annual credit—keeping energy costs low and adding long-term value. All of this just minutes from premier shopping, dining, and everything Long Beach and Belmont Shore have to offer. Don’t miss this beautiful Shore gem—ideal for investors, owner-users, or anyone seeking the perfect blend of coastal living and income potential.
#PW25266494

Long Beach

75 Claremont

None Beds

None Baths

2,300 Sq.Ft.

$2,390,000

MLS#: PW25266494

Large high yield postwar 10 unit property in a dense high demand rental area of Long Beach. Great unit mix with five 2 bed/1 bath units, four 1 bed/1 bath units, and one studio in nearly 7,000 square feet of rentable space. High in-place cash flow at close with actual rents at 9.59X gross and a 6.2% cap rate plus a 12% upside to 8.43X GRM and a 7.4% cap rate at market. Community laundry room plus 5 garages for additional income or ADU conversion potential. All windows recently replaced in 2025. Convenient location in the Washington neighborhood directly across the street from Washington Middle School, currently undergoing a massive $176 Million reconstruction project. Excellent transit access only a few blocks to the metro blue line rail station, PCH, and the 710 freeway. Just 7 blocks North of Downtown Long Beach, with ongoing new developments of over $8 Billion. Walk Score 86/100
#SB25266595

Long Beach

1415 Cedar

None Beds

None Baths

6,922 Sq.Ft.

$2,095,000

MLS#: SB25266595

1425 Cedar Avenue is a 10-unit apartment building in Long Beach, California surrounded by numerous major development projects. This offering is an excellent acquisition opportunity for any investor looking for an outstanding going-in cap rate (6.30%) and both immediate and long-term upside potential in a strong coastal rental market. Current rents offer 27 percent rental upside, and plans have been drafted to convert the existing four single-car garages to four one-bedroom ADU’s. 1425 Cedar Avenue consists of eight one-bed/one-bath units and two two-bed/one-bath units, all of which are separately metered for gas and electricity. Select units have been remodeled, and the property also offers income-generating on-site laundry. This building is located directly across from the five-acre site of the $176 Million rebuild of Washington Middle School that is currently underway. Demonstrating further investment in the area, two new 10- and 36-unit condo projects have been completed nearby in the past few years, a 160-unit project is under construction a few blocks away, and on the opposite side of Washington Middle School, a residential care facility has plans for expansion to 60 beds. Furthermore, 1425 Cedar is just down the block from 14th Street Park, around the corner from Seaside Park, a half-mile to the Anaheim Street Station of the Metro Blue Line, and conveniently near the 710 Freeway and Downtown Long Beach. This strong rental location provides consistent rental demand.
#PW25265523

Long Beach

1425 Cedar

None Beds

None Baths

6,222 Sq.Ft.

$2,100,000

MLS#: PW25265523

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service