Best location with significant upside potential, surrounded by multi-million dollar homes. 2 short blocks to Alamitos Bay with sandy beaches, water activities and boat docks. Also two blocks to 2nd Street restaurants and boutique shops. A very short distance to Naples, Peninsula, bike path and award-winning schools. 5354 E. The Toledo is a fantastic investment. 1928 Spanish structure with 4 large and bright two bedroom, one bath units, oozing character and charm with mock fireplaces, wood flooring, and old charm. Each unit has its own inside laundry and a one car garage. Each is individually metered for gas and electricity. In addition, there is a fenced yard that is enjoyed by the tenants. This property with it's prime location is in a very high demand rental area and is ripe for repositioning and renovating to achieve market rents that are approximately 50% higher than current rents.