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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 999,000

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531 N Virginia CT Long Beach, CA 90802

3,314 Sqft Lot

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID SB25067464

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1908

Lot Size 3,314 Sqft

Property Sub-Type Triplex

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 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!

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBPD30

Interior

Interior Features Ceiling Fan(s), Quartz Counters, Recessed Lighting, Bedroom on Main Level

Heating Wall Furnace

Cooling None

Flooring Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Range, Microwave, Refrigerator, Water Heater

Laundry Common Area, Washer Hookup, Electric Dryer Hookup

Exterior

Parking Features One Space

Fence Vinyl

Pool None

Community Features Park

View Y/N No

View None

Roof Type Asphalt

Accessibility None

Total Parking Spaces 2

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Architectural Style Bungalow

Level or Stories One

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 7280001012

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, FHA

Listing Terms Cash, Cash to New Loan, 1031 Exchange, FHA

Special Listing Condition Standard

Listed by Jeffrey Isenberg • Buckingham Investments, Inc • 818-795-4477

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

531 N Virginia CT Long Beach, CA 90802

Key Details

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Interior

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531 N Virginia CT