531 N Virginia Ct - Multi-Family FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$999,000 USD
818-795-4477
531 N Virginia Ct, Long Beach, CA for Sale
$999,000 USD
Multi-Family - FOR SALE
1/24
null | 4.82% Cap Rate

531 N Virginia Ct
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Fully stabilized property offers long-term value and reliable income.
  • Located 2 blocks from the vibrant Downtown Long Beach core & less than 1 mile to the Ocean.
  • Recent Cap Ex includes fully remodeled units with new roofs and plumbing upgrades
  • Conveniently located near the 710 and 405 freeways and the Metro Blue Line.
  • Long Beach's thriving economy supported by its shipping, aerospace, and healthcare sectors ensures a strong tenant base.
  • Turnkey investment in one of Southern California's most desirable markets.

OVERVIEW

Prime Investment Opportunity in Downtown Long Beach! This fully stabilized, 3-unit property at 531 N Virginia Court offers long-term value and reliable income. Recent Cap Ex includes fully remodeled units with updated roofs and extensive 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 offer evidence of 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!

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$503 USD /SF

# OF UNITS

3

PRICE/UNIT

$333,000

CAP RATE

4.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1908

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,315 SF

ZONING

LBPD30

APN/PARCEL ID

7280-001-012

ASK ABOUT THIS PROPERTY

Jeffrey IsenbergBuckingham InvestmentsMore Info
818-795-4477

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Jeffrey IsenbergBuckingham InvestmentsMore Info
818-795-4477

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.