REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Jeffrey Isenberg • Buckingham Investments, Inc
$ 965,000
Est. payment /mo
Active
531 North Virginia Court Long Beach, CA 90802
1,987 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,987 sqft
Price per Sqft $485
MLS Listing ID SB-25067464
Style Bungalow
Year Built 1908
Lot Size 3,315 Sqft
Property Sub-Type Triplex
Source California Regional Multiple Listing Service (CRMLS)
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!
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!
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD30
Interior
Interior Features Ceiling Fan(s), Recessed Lighting
Heating Wall Furnace
Flooring Vinyl
Fireplaces Type None
Laundry Common Area, Electric Dryer Hookup, Washer Hookup
Exterior
Parking Features Parking Space
Pool None
Community Features Park
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer