$965,000

531 N Virginia Court, Long Beach, CA 90802

1,987 sqft

Triplex
Built in 1908
3,315sqft lot
—— car garage
$486/sqft
Listed 7 months ago

Property Description

Prime Investment Opportunity in Long Beach! This fully stabilized, cash-flowing, 3-unit multifamily property at 531 N Virginia Court offers long-term value and reliable income less than 1 mile to the Ocean. Recent Cap Ex includes remodeled units with new roofs and plumbing upgrades make for a unique opportunity at this price point! Surrounded by major developments like the Long Beach Civic Center, Queen Mary Island, and West Gateway, the property benefits from the city's continued investment growth. Additionally, ongoing multifamily projects such as the Broadway Block, Shoreline Gateway Tower, and the Aster demonstrate the area's increasing demand for quality housing. Just minutes from the vibrant Downtown Long Beach core, residents enjoy easy access to a wide range of dining, shopping, and entertainment options. Nearby Alamitos Beach, Golden & Lincoln Park, and Shoreline Village provide ample recreation opportunities. Conveniently located near the 710 and 405 freeways and the Metro Blue Line, residents also benefit from seamless accessibility to LA & Orange County. Long Beach's thriving economy, supported by its shipping, aerospace, and healthcare sectors, ensures a strong tenant base. Don’t miss this turnkey investment in one of Southern California's most desirable markets!

Listing Status:: Active
Date Added:: March 28, 2025 at 05:00AM
Listing Office:: Buckingham Investments, Inc : 310 982-7055
Listing Agent:: Jeffrey Isenberg : 310-982-7055
MLS ID:: SB25067464

General: Ceiling Fan(s)Quartz CountersRecessed LightingBedroom on Main Level
Appliances: DishwasherGas RangeMicrowaveRefrigeratorWater Heater
Laundry: Common AreaWasher HookupElectric Dryer Hookup
Flooring: Vinyl
A/C: None
Heating: Wall Furnace
Fireplace: None
Disability Feature: None

General: None
Style: Bungalow
Pool: None
Parking: One SpaceParking spaces: 2

Roofing: Asphalt
General: AsphaltWood Siding1

Road/Access: AlleyCity Street
Originating MLS: CRMLS_CRM
County: Los Angeles

Zoning: LBPD307280001012
View: None
Fencing: Vinyl

Water: Public
Sewer: Public Sewer

Source: CRMLS_CRM
Exclusions: Tenants Personal Property

This listing courtesy of Jeffrey Isenberg, Buckingham Investments, Inc

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Edison Elementary School

625 Maine Ave, Long Beach, CA, 90802

Grades KG-5

0.21 miles away

Washington Middle School

1450 Cedar Ave, Long Beach, CA, 90813

Grades 6-8

0.83 miles away

Renaissance High School for the Arts

235 E 8th St, Long Beach, CA, 90813

Grades 9-12

0.48 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.