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$ 965,000
Est. payment | /mo
5 Beds
3,315 Sqft Lot
$ 965,000
Est. payment | /mo
5 Beds
3,315 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID SB25067464
Bedrooms 5
Lot Size 3,315 Sqft
Property Sub-Type Res Income 2-4 Units
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 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. Dont miss this turnkey investment in one of Southern California's most desirable markets!
Location
State CA
County Los Angeles
Zoning Public Rec
Direction 710 Fwy S to 6th St to N Virginia Ct., Between Magnolia Ave. & Chestnut Ave.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 7280001012
Acceptable Financing Cash, Exchange, FHA
Listing Terms Cash, Exchange, FHA
Listed by Jeffrey Isenberg Buckingham Investments, Inc
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