5400 E The Toledo 701, Long Beach, California 90803, Long Beach, 90803 - 3 bed, 5 bath

5400 E The Toledo 701
Long Beach, California 90803
Property Price
SUMMARY
Analysis of 5400 E The Toledo 701, Long Beach, California 90803 is currently available with a list price of $7,999,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Long Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1962, this penthouse has been well-maintained and features some updated components, but the overall aesthetic and several key areas show signs of being outdated. The kitchen appliances appear relatively modern, but the cabinetry style and backsplash are not contemporary. The bathrooms exhibit varying levels of renovation, with some appearing to be 10-20 years old (e.g., master bath) and others significantly older in style (e.g., the blue-tiled bathroom). The slate-like flooring in the main living areas, while durable, is not a current trend. While functional and move-in ready, the property requires substantial aesthetic updates to meet modern luxury standards, aligning with the 'Fair' criteria of being aged but maintained with functional components showing signs of being outdated, and potential for older core systems as noted in the listing's weaknesses.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Naples Elementary School (10/10).
- Unparalleled Views
The penthouse offers commanding, unobstructed panoramic views of Alamitos Bay, the Pacific Ocean, city skyline, and distant mountains from expansive wraparound terraces and floor-to-ceiling windows, providing a truly spectacular living experience.
- Prime Waterfront Location & Exclusivity
Situated on exclusive Naples Island, steps from Belmont Shore's 2nd Street, this landmark residence combines elevated privacy and serenity with immediate access to premier dining, boutique shopping, and vibrant coastal culture.
CONSRISKS & DEFICIENCIES
- High Monthly Association Fee
The substantial monthly association fee of $2,677.00 could be a significant ongoing cost, potentially impacting affordability and long-term ownership expenses for prospective buyers.
- Age of Building & Potential for Dated Systems
Built in 1962, while described as having 'timeless elegance,' the property's core building systems (e.g., plumbing, electrical, HVAC) may be original or older, potentially requiring future updates or maintenance not explicitly detailed as modernized throughout.
- Niche Market Appeal
As a highly unique and exclusive penthouse with a significant price point and specific historical context, its market appeal may be limited to a very particular buyer demographic, potentially leading to a longer marketing period.
About 5400 E The Toledo 701
Perched atop the crown jewel of exclusive Naples Island, this extraordinary penthouse at the Portofino offers a rare opportunity to own a landmark residence in one of Southern California’s most coveted waterfront communities. Spanning approximately 4,000 square feet, this 3-bedroom, 4.5-bathroom masterpiece delivers commanding, unobstructed views of Alamitos Bay, the Pacific Ocean, city skyline, and distant mountains. Positioned at the end of Belmont Shore’s iconic 2nd Street, the penthouse is just steps from premier dining, boutique shopping, and vibrant coastal culture—yet feels worlds away in its elevated privacy and serenity. Designed with the entertainer in mind, this open-concept home seamlessly blends indoor and outdoor living. Expansive wraparound terraces provide the perfect setting for intimate dinners or large-scale gatherings, offering panoramic vistas that leave a lasting impression. Floor-to-ceiling windows flood the living spaces with natural light, showcasing the ever-changing scenery from every room. Inside, the residence boasts a thoughtfully designed layout with grand living and dining areas, a gourmet kitchen tailored for both culinary precision and casual elegance, a stylish bar area, and dedicated laundry and fitness rooms. Two of the 3 spacious bedrooms offers its own ensuite bath, the third bedroom also enjoys a full bath down the hall, while an additional guest powder room adds convenience and sophistication. Notably, this penthouse was once home to Hollywood royalty and is being offered for sale only for the second time since its original construction in 1962—underscoring its legacy and exclusivity. A defining feature of the Portofino lifestyle is the private marina just steps from your door, offering seamless access to the water and an exclusive coastal living experience. Included in the sale is one boat slip accommodating vessels up to 30 feet—ideal for spontaneous bay cruises or sunset sails. Residents also enjoy a refreshing waterfront pool, perfect for relaxing after a day on the water or simply soaking in the serene bayfront ambiance. And for one unforgettable night each year, the penthouse becomes the ultimate vantage point for the city’s dazzling July 4th fireworks, reflected across the bay in a breathtaking display. With timeless elegance, unmatched views, and a location that combines vibrant city living with tranquil coastal charm, this is more than a residence—it’s a rare piece of Southern California history.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1962
- Lot Size
- 34,805 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $2677.0 / Month
Neighborhood Insights
Long Beach Unified Schools
Naples Elementary School
Grades K-5 • 0.2 mi
Rogers Middle School
Grades 6-8 • 0.7 mi
Wilson High School
Grades 9-12 • 1.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 89% |
| Baths | 5.0 | 2.0 | 97% |
| Square foot | 4,000 | 1,080 | 97% |
| Lot Size | 34,805 | 15,022.5 | 66% |
| Price | $8.00M | $750.0K | 97% |
| Price per sq ft | $2.0K | $673 | 97% |
| Built year | 1962 | 1972 | 21% |
| HOA | $2677.0 | $497 | 97% |
| Days on market | 280 | 179 | 92% |
Pricing History
Listed for Sale
Oct 10, 2025
$7,999,000
Initial Listing
Price Change
May 30, 2025
$10,000,000
Initial Listing
Sold
Dec 20, 2000
$975,000
Public Record









































































