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 fully 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!
Property Details
Price:
$999,000
MLS #:
SB25067464
Status:
Active
Baths:
0
Address:
531 N Virginia Court
Type:
Residential Income
Subtype:
Triplex
Subdivision:
Alamitos Beach AB
Neighborhood:
4downtownareaalamitosbeach
City:
Long Beach
Listed Date:
Mar 27, 2025
State:
CA
ZIP:
90802
Lot Size:
3,315 sqft / 0.08 acres (approx)
Year Built:
1908
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Schools
Interior
Accessibility Features
None
Appliances
Dishwasher, Gas Range, Microwave, Refrigerator, Water Heater
Cooling
None
Fireplace Features
None
Flooring
Vinyl
Heating
Wall Furnace
Interior Features
Ceiling Fan(s), Quartz Counters, Recessed Lighting
Exterior
Community Features
Park
Fencing
Vinyl
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Features
Parking Space
Parking Spots
2.00
Pool Features
None
Roof
Asphalt
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
None
Water Source
Public
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address531 N Virginia Court Long Beach CA
- Area4 – Downtown Area, Alamitos Beach
- SubdivisionAlamitos Beach (AB)
- CityLong Beach
- CountyLos Angeles
- Zip Code90802
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531 N Virginia Court
Long Beach, CA
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