5400 The Toledo 601-603, Long Beach, California 90803, Long Beach, 90803 - 4 bed, 4 bath

5400 The Toledo 601-603, Long Beach, California 90803 home-pic-0
ACTIVE UNDER CONTRACT$2,249,000
5400 The Toledo 601-603, Long Beach, California 90803
4Beds
4Baths
2,213Sqft
Lot
Year Built
1962
Close
-
List price
$2.25M
Original List price
$2.5M
Price/Sqft
$1,016
HOA
$584
Days on market
-
Sold On
-
MLS number
PW25184251
Home ConditionFair
Features
Excellent View: Bay, Back Bay, Bridge(s), Canal, Catalina, City Lights, Coastline, Harbor, Marina, Mountain(s), Neighborhood, Panoramic, Water
Deck
ViewBay,Back Bay,Bridge(s),Canal,Catalina,City Lights,Coastline,Harbor,Marina,Mountain(s),Neighborhood,Panoramic,Water

About this home

We found 3 Cons,6 Pros. Rank: price - $2.25M(98th), sqft - 2213(98th), beds - 4(98th), baths - 4(98th).

Welcome to 5400 The Toledo, designed by renowned architect Hugh Gibbs and home to one of the rarest and most incredible oceanfront condos you may ever see on Naples Islands. Unit 601/603 is not only expansive by way of sheer square footage, but also boasts one of the most spectacular panoramic views all of the Long Beach coast has to offer. Pulling into one of this condo's two side by side gated parking spaces, you may notice the building's consideration and care which carries from the secured parking garage, into the 24 hour secured lobby, continuing all the way from the elevator to the front door of unit 601 at the end of the hall. Walking inside, you'll more than likely feel a blast of cool ocean air before you notice the reflection in the hall closet of what's to come. Although the kitchen is to your right and a hallway to your left, it's hard not to observe what's directly in front of you. Walking into the living room adjoined by a formal dining area, you're greeted with floor to ceiling 180 degree views from Catalina to the Mountains. When you finally gather yourself and comprehend the impressiveness of what you're seeing, you can head into the galley kitchen accompanied by a bar top with potential for hosting and serving alike. Wrapping back around, you'll find yourself looking down a hall which leads you past 3 guest bedrooms and 3 guest bathrooms, bookmarked with one of the largest and most expensive condominium en-suites in 90803. Aside from the perks of over 2200 square feet, extra storage, guest bedrooms and additional parking, having two units turned into one also offers the perks of a walk-in primary closet with its own laundry hook ups, space for an additional refrigerator with water line, and bedside views from the coast of Long Beach all the way to Laguna. Finding a rarity like this would be a once in a lifetime find in itself, but adding the 30 foot dock into the equation is where things get just that much more special. Whether you plan to walk to the restaurants, award winning schools, or take the boat out for a cruise, coming back home everyday to arguably the best view in town could be just that easy.

Nearby schools

10/10
Naples Elementary School
Public,K-50.2mi
7/10
Rogers Middle School
Public,6-80.7mi
6/10
Wilson High School
Public,9-121.6mi

Price History

Date
Event
Price
10/02/25
Price Change
$2,249,000-10.0%
08/21/25
Listing
$2,499,000
Condition Rating
Fair

Built in 1962, this property is well-maintained but shows significant signs of being outdated. The kitchen/bar area features mid-century wood paneling and mirrored surfaces, indicating it has not been extensively renovated to modern standards. The widespread light-colored carpeting and basic light fixtures further contribute to an aged aesthetic. While functional and offering spectacular views, the property would require substantial cosmetic updates to meet current buyer expectations for a contemporary home, particularly in the kitchen and bathrooms (though no bathroom images were provided, the overall style suggests similar conditions).
Pros & Cons

Pros

Great Schools: Elementary School: Naples Elementary School (10/10).
Unparalleled Panoramic Views: The property boasts spectacular, floor-to-ceiling 180-degree panoramic views stretching from Catalina Island to the mountains, and along the coast from Long Beach to Laguna, offering a truly breathtaking visual experience from multiple rooms.
Exclusive Waterfront Access & Private Dock: A rare and highly desirable feature, the condo includes a 30-foot private dock, providing direct water access for boating and enhancing the luxury waterfront lifestyle.
Expansive & Unique Layout: Comprising two units combined into one, this condo offers over 2200 square feet of living space, including one of the largest condominium en-suites in the 90803 zip code, providing exceptional room and unique amenities like a walk-in primary closet with laundry hook-ups.
Premium Location & Walkability: Situated on Naples Islands, the property benefits from a highly sought-after oceanfront location with convenient walkability to local restaurants and award-winning schools.
Enhanced Security & Parking: The building offers robust security features including a 24-hour secured lobby, secured parking garage, and two side-by-side gated parking spaces, ensuring peace of mind and convenience for residents.

Cons

Building Age & Potential for System Updates: Built in 1962, the building and unit systems may be original or require significant updates, which could lead to future maintenance or renovation expenses for a buyer seeking modern infrastructure.
High Monthly Association Fees: The property carries a substantial monthly association fee of $584.0, which is an ongoing cost that adds to the overall expense of ownership and should be factored into a buyer's budget.
Recent Price Reduction: A significant price reduction from $2.499M to $2.249M suggests the property may have been initially overpriced or is facing market resistance, potentially indicating a need for further negotiation or a perceived value gap.

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