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!
|
DAYS ON MARKET
|
21
|
LAST UPDATED
|
3/28/2025
|
|
TRACT
|
Alamitos Beach (AB)
|
YEAR BUILT
|
1908
|
|
COMMUNITY
|
Downtown Area, Alamitos Beach
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
None |
| APPLIANCES |
Dishwasher, Gas Range, Microwave, Refrigerator, Water Heater |
| AREA |
Downtown Area, Alamitos Beach |
| CONSTRUCTION |
Asphalt, Wood Siding |
| GARAGE |
One Space |
| HEAT |
Wall Furnace |
| INTERIOR |
Bedroom on Main Level, Ceiling Fan(s), Quartz Counters, Recessed Lighting |
| LOT |
3315 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| PARKING |
One Space |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
1 |
| STYLE |
Bungalow |
| SUBDIVISION |
Alamitos Beach (AB) |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| ZONING |
LBPD30 |
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Listed with Buckingham Investments, Inc
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/17/25 4:30 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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