Long Beach, CA 90803,5218 E The Toledo

$1,300,000

Est. payment /mo
Est.Price: ?

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5218 E The Toledo Long Beach, CA 90803

SOLD DATE : 12/13/2016

Key Details

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Belmont Shore (Bsd)

MLS Listing ID OC16121885

Year Built 1957

Property Description

These three units were constructed by, and owned by the same family since the 1940's. Excellent location, easy walk to the water and top restaurants on 2nd St. In Belmont Shore. The front units are 2 bed one bath 2 story units. The owners occupy one unit which features original hard- wood floors and an amazing deck on the second floor. The deck doubles as a one to two car carport below. In addition to the carport is a detached full two car garage with laundry facilities. Off street parking is essential this close to the beach! The back unit is a cute one bedroom detached house facing Corona Ave. The electrical has been upgraded with three individual panels/meters and there are four gas meters, one for each unit and one for the laundry. The large 5,000 lot allows for individual patio areas for each unit. This property would be ideal to convert the two units into one as a primary residence with the third unit as a rental or guest house. Many people also believe it would be a great weekend/vacation spot with two rentals to help cover any expenses and watch over the property while the owner is away. rentals are on month-to-month basis and are below market.

Location

State CA

County Los Angeles

Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr

Interior

Heating Central

Exterior

Garage Spaces 2.0

Garage Description 2.0

Fence Average Condition

Pool None

Community Features Storm Drain(s), Street Lights, Sidewalks, Urban, Fishing

Utilities Available Sewer Available, Water Available

View Y/N Yes

View Neighborhood

Building

Lot Description Landscaped, Level, Rectangular Lot, Street Level, Yard

Story Two

Others

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Kevin Matson • Matson, Kevin
Bought with Michael Belisle • LB Brokerage, Inc

Scott Goshorn

Director- Luxury Estates | License ID: 01964409

+1(323) 251-5479

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