N Virginia RD
Long Beach, CA, 90807
$6,995,000
Beds
0 Baths
0 SqFt
0.34 Acres
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MLS #PW25223690 image #0MLS #PW25223690 image #1MLS #PW25223690 image #2MLS #PW25223690 image #3MLS #PW25223690 image #4MLS #PW25223690 image #5MLS #PW25223690 image #6MLS #PW25223690 image #7MLS #PW25223690 image #8MLS #PW25223690 image #9
We are proud to present Virginia Country Club Apartments, a rare 25-unit multifamily community in the highly coveted Los Cerritos neighborhood of Bixby Knolls. This desirable submarket is recognized for its historic homes, tree-lined streets, and affluent demographics, making it one of the most stable and in-demand rental markets in Long Beach. Currently operating as a 55+ senior living community, the property represents the largest available multifamily asset in the neighborhood today and one of only a handful of buildings above 20 units in all of Bixby Knolls. The unit mix consists of twenty-two (22) spacious one-bedrooms and three (3) studios, supported by a secured parking garage with twenty-five (25) parking spaces and twelve (12) rentable storage units—features rarely found in competing rental properties. Residents enjoy balconies, dishwashers, gas stoves, wood or tile flooring, and community conveniences such as an elevator, recreation room, and on-site laundry. Each unit is individually metered for gas and electricity, reducing landlord expenses and providing long-term operational efficiency. With current rents approximately 30% below market, investors are presented with a clear mark-to-market strategy that allows for significant near-term income growth with limited capital expenditure. Combined with the neighborhood’s low vacancy, high household income base, and strong barriers to entry for new construction, Virginia Country Club Apartments offers investors both immediate upside and long-term stability.

Property Details

Price:
$6,995,000
MLS #:
PW25223690
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
699
Listed Date:
Sep 23, 2025
Total Sq Ft:
18,184
Lot Size:
14,642 sqft / 0.34 acres (approx)
Year Built:
1988
Community 55 Plus 699

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Schools

Interior

Laundry Features
AR

Exterior

Community
55+
Community Features
SDW
Parking Spots
25

Financial

Net Operating Income
$336,457

Map

Community

Subdivisions in Long Beach

Market Summary

Current real estate data for Single Family in Long Beach as of Nov 08, 2025
437
Single Family Listed
53
Avg DOM
485
Avg $ / SqFt
$1,042,569
Avg List Price

Property Summary

    N Virginia RD Long Beach CA is a Single Family for sale in Long Beach, CA, 90807. It is listed for $6,995,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1988. The average price per square foot for Single Family listings in Long Beach is $485. The average listing price for Single Family in Long Beach is $1,042,569.

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