531 N Virginia CT new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90802
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
Lease Land No