$2,040,000
$1,795,000
13.6%For more information regarding the value of a property, please contact us for a free consultation.
3,976 SqFt
SOLD DATE : 03/31/2022
Key Details
Sold Price $2,040,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,976 sqft
Price per Sqft $513
Subdivision Belmont Shore (Bsd)
MLS Listing ID PW22033128
Sold Date 03/31/22
HOA Y/N No
Year Built 1928
Lot Size 4,508 Sqft
Acres 0.1035
Property Description
Best location with significant upside potential, surrounded by multi-million dollar homes. 2 short blocks to Alamitos Bay with sandy beaches, water activities and boat docks. Also two blocks to 2nd Street restaurants and boutique shops. A very short distance to Naples, Peninsula, bike path and award-winning schools. 5354 E. The Toledo is a fantastic investment. 1928 Spanish structure with 4 large and bright two bedroom, one bath units, oozing character and charm with mock fireplaces, wood flooring, and old charm. Each unit has its own inside laundry and a one car garage. Each is individually metered for gas and electricity. In addition, there is a fenced yard that is enjoyed by the tenants. This property with it's prime location is in a very high demand rental area and is ripe for repositioning and renovating to achieve market rents that are approximately 50% higher than current rents.
Location
State CA
County Los Angeles
Area 1 - Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr
Zoning LBR2S
Rooms
Ensuite Laundry Inside, Laundry Closet
Interior
Interior Features Multiple Staircases
Laundry Location Inside,Laundry Closet
Flooring Carpet, Wood
Fireplaces Type Decorative
Fireplace Yes
Laundry Inside, Laundry Closet
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description Corner Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7249017001
Energy Description 701.0
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Cash
Special Listing Condition Standard
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Bought with Moe Shahbani • Coldwell Banker Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner