ActiveResidential · sale

5400 E The Toledo 701

Long Beach, CA 90803

$7,900,000

  • 3 beds
  • 5 baths
  • 4,100 sq ft
  • 0.8 acres
  • Built 1962

Listed by Coldwell Banker Realty · MLS #OC26120962

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5400 E The Toledo 701, Long Beach, CA 90803 · MLS #OC26120962

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1962.

Garage parking

4 garage spaces listed.

Property size

0.8 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Welcome to The Portofino penthouse at 5400 The Toledo,701. This spectacular Mid Century contemporary icon stands high, overlooking the gateway to the exclusive community of Naples and Naples Island. Featuring approximately 4100 square feet of luxury living, this spectacular residence can be the primary residence that you’ve always dreamed of, or the secondary residence that you may never want to leave. From the seventh floor, you and your guests will be dazzled by nearly 300 degree views of the Pacific Ocean, Alamitos Bay, Long Beach/LA Harbors, the glittering shops, boutiques, city lights, Marinas to the Mountains, downtown Long Beach, the Palos Verde Peninsula, and on and on, in every direction. The residence, itself has a secure lobby entrance, with exclusive elevator rights, to your 7th. floor penthouse, then directly to the 30’ long, covered breezeway, that leads to your private entry. When entering, you’ll see why this special property has had a history of being the residence of special personalities in the motion picture and music industry. The openness and volume is something to behold. The sheer amount of openness allows you to configure it the way you want to use it, informal or formal. The gourmet kitchen will suffice to the needs of the family, or catering and preparing for spectacular events. Not to mention approximately 10,400 square foot rooftop pad, featuring surrounding view decks and verandas. Either one of the two primary bedrooms can be used a master. Just take your pick of the view that you like the best. The room that is now being used as an office, with an attached full bath, can also be used as a guest room or servant’s quarters. Also included, is an assigned, private boat slip that will accommodate up to a 30’ vessel. A larger slip that can accommodate up to 60’ vessel may be available to purchase. Getting out to open ocean is no problem. Four assigned parking spaces in the gated subterranean parking garage and charging station, are also included with the residence, as is a private community pool. There is just so much to see and do, without leaving the area. The stores, restaurants, banks and boutiques, and fun things to do, are just a short stroll down 2nd street. Lots of places to live it up. The Long Beach Airport and freeways are just a few miles away. Whether a primary residence or a second home, 5400 The Toledo 701, is the prestigious address that you will always want to call home.

THE NEIGHBORHOOD

Explore the location.

5400 E The Toledo 701, Long Beach, CA 90803

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1962
Full baths
4
Half baths
1
Garage spaces
4
Cooling
CentralAir,Dual
Heating
Central
Flooring
Carpet,Tile
Utilities
CableAvailable
Pool
No
Pool features
Community,InGround,Association
Subdivision
Naples (NA)
Parcel
7244015090
HOA
Portofino HOA of LB
HOA amenities
ControlledAccess,Dock,Pool,PetRestrictions,Trash,CableTv
HOA fee frequency
Monthly
HOA fee
$600.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$32,916.67
Cap rate

Annual operating income:

HOA: Includes $600.00 per month in HOA dues, converted from the $600.00 monthly fee reported by the listing source.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #OC26120962 · California Regional MLS

Listing brokerage: Coldwell Banker Realty
Listing agent: David Berman

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.