
Long Beach, California 90803
Analysis of 5400 E The Toledo 701, Long Beach, California 90803 is currently available with a list price of $8,000,000. 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.
Property is moderate renovation needed.
Built in 1962, this penthouse features high-end renovations that appear to be 20-25 years old. While the unit is well-maintained and functional, the heavy wood cabinetry in the kitchen and bar, along with the bathroom tile and granite choices, are dated and would require modernization to meet current luxury standards.
Elementary School: Naples Elementary School (10/10).
The penthouse offers breathtaking 300-degree views encompassing the Pacific Ocean, Alamitos Bay, and the coastline, complemented by an extraordinary 3,000 square feet of private wrap-around decks.
Includes a rare assigned private boat dock accommodating up to a 30’ vessel with direct ocean access, a highly coveted asset in the exclusive Naples Island community.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4100, other record living area = 4000.
Constructed in 1962, the property may require substantial capital investment to modernize aging systems or common areas to meet the expectations of today's ultra-luxury buyers.
The $8 million price point is at the extreme high end for the Long Beach condominium market, which may result in a more limited pool of qualified buyers and a longer absorption period.
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, 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 3000 square feet of 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 dock that will accommodate up to a 30’ vessel. A larger dock that can accommodate up to 60’ vessel may be available. 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.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 4,100 | 926 |
| Lot Size | 34,805 | 30,781 |
| Price | $8.00M | $514.8K |
| Price per sq ft | $2.0K | $568 |
| Built year | 1962 | 1979 |
| HOA | $600.0 | $475 |
| Days on market | 0 | 76 |
Jun 6, 2026
$8,000,000
Initial Listing
Dec 20, 2000
$975,000
Public Record