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3109 E Corto Place

Long Beach, CA 90803
  • $3,290,000
  • STATUS: Active Under Contract
  • ON SITE: 83 Days
  • MLS #: PW24219287
Under Contract
UPDATED: 187 min ago
$3,290,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Louis Mannone of Realty One Group West (714-274-2720) and Nina Mannone of ()


Description

Upgraded 9 units in the prime and desirable area of Bluff Heights which boarders Bluff Park and Belmont Heights.This 8,966 sqft, two-story balcony style building offer a very attractive unit mix of: (2)- 3bd/1.75ba units with fireplaces, (1)- 3bd/1ba unit and (6)- 2bd/1bath units, on-site laundry room and 5 single car garages accessed off the alley. Nearly all of the units (8 of 9) have been upgraded with dual pane windows, the kitchens have newer cabinets, countertops, tile flooring and the bathrooms with vanities, tile in the shower & floors. Other upgrades in some units: crown molding, baseboards, 2 tone paint, upgraded interior doors, lighting, some electrical upgrades, professionally managed, spacious units, well cared for building, and more. It is located on a small and more private sub-street, Corto Place, which appears to have better off-street parking than the more busy street. Tenants will enjoy being just off East Broadway which offers many restaurants, coffee shops and shopping, plus it's near Belmont Shore, 4th Street and downtown giving them great access to restaurants, shopping, near the ocean and beaches, and close to many freeways, the Long Beach airport, CSLB, yacht clubs, and more.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-17T00:30:05.24. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/157160413
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3109 E Corto Place Long Beach, CA 90803

  • Price: $3,290,000
  • Status: Active Under Contract
  • On Site: 83 Days
  • Updated: 187 min ago
  • MLS #: PW24219287
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1964
Built
Neighborhood:
Bluff Heights
County:
Los Angeles
Area:
2 - Belmont Heights, Alamitos Heights
Property Description
Upgraded 9 units in the prime and desirable area of Bluff Heights which boarders Bluff Park and Belmont Heights.This 8,966 sqft, two-story balcony style building offer a very attractive unit mix of: (2)- 3bd/1.75ba units with fireplaces, (1)- 3bd/1ba unit and (6)- 2bd/1bath units, on-site laundry room and 5 single car garages accessed off the alley. Nearly all of the units (8 of 9) have been upgraded with dual pane windows, the kitchens have newer cabinets, countertops, tile flooring and the bathrooms with vanities, tile in the shower & floors. Other upgrades in some units: crown molding, baseboards, 2 tone paint, upgraded interior doors, lighting, some electrical upgrades, professionally managed, spacious units, well cared for building, and more. It is located on a small and more private sub-street, Corto Place, which appears to have better off-street parking than the more busy street. Tenants will enjoy being just off East Broadway which offers many restaurants, coffee shops and shopping, plus it's near Belmont Shore, 4th Street and downtown giving them great access to restaurants, shopping, near the ocean and beaches, and close to many freeways, the Long Beach airport, CSLB, yacht clubs, and more.
Exterior Features

Entry Level 1 Entry Location ground Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 10 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Heating Fireplace(s)RadiantWall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 4.9 Common Interest Community Apartment Community Features Sidewalks Electric Expense 550 Fuel Expense 0 Garage YN Yes Gross Income 256152 Gross Scheduled Income 256151 Insurance Expense 4296 Land Lease YN No Laundry Features Common Area Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New LoanSubmit Net Operating Income 161526 New Construction YN No New Taxes Expense 45460 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 86975 Possession Close Of Escrow Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Trust Tenant Pays ElectricityGasOther Trash Expense 0 Vacancy Allowance 7650 Vacancy Allowance Rate 3 Water Sewer Expense 4794 Water Source Public Zoning LBR2A



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-17T00:30:05.24. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Louis Mannone of Realty One Group West (714-274-2720) and Nina Mannone of ()