BuySellBlogBrowse Listings

531 N Virginia CourtLong Beach, CA 90802

For Sale

$965,000

Smart Buyer Rebate $9,650

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.

Don’t miss this turnkey investment in one of Southern California's most desirable markets!

Listed by Jeffrey Isenberg

·

License #02059354

·

Buckingham Investments, Inc

·

818-795-4477

Last updated October 31, 2025

·

Source: CRMLS #SB25067464

Listing Facts

  • TypeMulti-family
  • NeighborhoodWest Village
  • Days on Prevu236

Amenities

  • Dishwasher
  • Parking

Location

Mortgage Calculator

Listing History

10/26/2025
Status changed to Active
$965,000
10/24/2025
Status changed to Removed from Feed
$965,000
10/24/2025
Status changed to Active
$965,000
10/22/2025
Status changed to Removed from Feed
$965,000
10/17/2025
Status changed to Active
$965,000
10/16/2025
Status changed to Removed from Feed
$965,000
09/30/2025
Status changed to Active
$965,000
09/30/2025
Price Decreased
$965,000
09/07/2025
Status changed to Temporarily Off Market
$999,000
09/05/2025
Status changed to Removed from Feed
$999,000
07/29/2025
Status changed to Temporarily Off Market
$999,000
04/17/2025
Status changed to Temporarily Off Market
$999,000
03/28/2025
Listed by Buckingham Investments, Inc
$999,000

Property Details for 531 N Virginia Court

Association

Amenities

  • Community Features: Park

Exterior

Construction

  • Number Of Units Total: 3
  • Property Condition: Updated/Remodeled
  • Roof: Asphalt
  • Stories: 1
  • Stories Total: 1
  • Year Built: 1908
  • Architectural Style: Bungalow
  • Common Walls: No Common Walls
  • Construction Materials: Asphalt, Wood Siding
  • Entry Level: 1
  • Entry Location: Street

Features

  • Fencing: Vinyl
  • Road Frontage Type: Alley,City Street

Measurements

  • Building Area Total: 1,987
  • Building Area Units: Square Feet
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Acres: 0.07
  • Lot Size Area: 3,315
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 3,315
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 5.6
  • Operating Expense: $8,391.00

Taxes

  • Parcel Number: 7280001012

Interior

Features

  • Appliances: Dishwasher, Gas Range, Microwave, Refrigerator, Water Heater
  • Flooring: Vinyl
  • Interior Features: Ceiling Fan(s), Quartz Counters, Recessed Lighting, Bedroom On Main Level

Other

General

  • Exclusions: Tenants Personal Property

Location

  • Subdivision Name: Alamitos Beach (AB)
  • Tax Block: 60
  • Tax Lot: 16

Parking

Parking

  • Open Parking Spaces: 2
  • Parking Features: One Space
  • Parking Total: 2

Utilities

Equipment

  • Heating: Wall Furnace
  • Has Heating: Yes
  • Laundry Features: Common Area, Washer Hookup, Electric Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Based on information from California Regional Multiple Listing Service, Inc. 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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.