Est. cap rate

2.1%

Assumed rent, all units

$6,080/mo

Units

2

Price per unit

$850,000

Est. annual NOI

$36,480

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

2

Building size

2,183 sqft

Lot size

3,138 sqft

Year built

1946

Stories

2

Garage spaces

2

Style

Custom Built

Heating

Floor Furnace,Wall Furnace

Cooling

None

Pool

None

View

Neighborhood

Status

Active

Days on market

3

MLS #

248691775

About this property

Amazing opportunity to own a residential duplex in this highly desired water-oriented area of coastal Long Beach, California called Naples Island! This is a 2 unit tenant-occupied property that offers a wonderfully maintained 2 bedroom unit in front and a larger three bedroom townhouse style unit in the rear, along with 2 single car garages, also in back. The large two-story rear unit was updated in 2025 with vinyl plank flooring throughout. The sun-filled primary bedroom upstairs offers a separate staircase entrance and its own kitchenette with a breakfast bar, custom real wood cabinets and a one-year-old quartz countertops. Downstairs you will find a complete kitchen with a new built-in stove top and laundry hook-ups. All bedrooms are upstairs. The direct garage access off the dining room offers an often-overlooked convenience. The custom brick patio backyard makes entertaining and summer barbecues a great addition to your newly acquired beach city lifestyle! The front unit has been impeccably maintained by a long term tenant. It offers an open kitchen with breakfast bar and inside laundry hook-ups. With the beach and bay just a short walk away and Long Beach preparing to host major international events, including the 2028 Summer Olympics, this unique property offers exceptional versatility as a possible primary residence, income property or coastal retreat. Plenty of things you can walk to, including: the canals of Naples with gondola rides, sandy beaches of Belmont Shore, and the ever-popular Peninsula beaches. Easy to reach the trendy shops, restaurants, public library, sandy beach, marina and pubs of Naples, Belmont Shore and Alamitos Bay

Location

5413 E The Toledo

Long Beach, Los Angeles, CA, 90803