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
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License #02059354
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Buckingham Investments, Inc
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818-795-4477
Last updated October 31, 2025
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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.
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.