5279 E The Toledo, Long Beach, CA 90803

$3,250,000
List Price
$3,250,000
Price Change
▼ $50,000 1679789082
Status
ACTIVE
MLS#
OC23038334
Year Built
1947
Lot Size
3,755
Acres
0.09
Lot Location
Paved
Days on Market
21
Property Type
Multifamily
Property Sub Type
Mixed Use
Neighborhood
Belmont Park (Bp)

Property Description

This 8-unit Garden-style apartment complex is located in Los Angeles County’s rapidly growing Long Beach Market. Consisting of (8) large Studio units, every tenant appreciates, upgraded interiors, on-site laundry facility and modern exterior upgrades. Strategically located steps away from shopping and entertainment of Belmont Shores and Naples Island. Access to commuting freeways and core job markets continues to make this location irreplaceable. This generational asset offers a rare opportunity to own in one of the most desired neighborhoods in Southern California. A future investor will enjoy long-term upside with this asset, due to a continued shortage of apartment housing and lack of affordability in single-family homes in Southern California. *Attractive assumable financing available! (3.45% I/0 4 Years Remaining, $900k Loan)

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
8
Gross Scheduled Income
$180,444
Operating Expense
56370

Listing courtesy of Listing Agent: Pat Swanson (pat.swanson@colliers.com) from Listing Office: Pat Swanson.

Mortgage Calculator

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.