531 N Virginia Court, Long Beach, CA 90802
- $969,000
- List Price
- $969,000
- Status
- ACTIVE
- MLS#
- SB26155784
- Year Built
- 1908
- Lot Size
- 3,315
- Acres
- 0.08
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 11
- Property Type
- Multifamily
- Style
- Bungalow
- Property Sub Type
- Triplex
- Stories
- One Level
- Neighborhood
- Alamitos Beach (Ab)
Property Description
Prime Investment Opportunity in Long Beach! This updated 3-unit property offers long-term value and reliable income less than 1/2 mile to the heart of downtown and less than 1 mile to the Ocean. Recent Cap Ex includes remodeled units with newer roofs and plumbing upgrades make for a unique opportunity at this price point. Perfect scenario to live in one unit and offset the mortgage by renting the other two. 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. 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!
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Additional Information
- Appliances
- Dishwasher, Gas Range, Microwave, Refrigerator, Water Heater
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Exterior Construction
- Asphalt, Wood Siding
- Roof
- Asphalt
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s), Quartz Counters, Recessed Lighting, Bedroom on Main Level
- Attached Structure
- Detached
- Number Of Units Total
- 3
- Gross Scheduled Income
- $72,120
- Operating Expense
- 8391
Listing courtesy of Listing Agent: Jeffrey Isenberg (jeffrey.isenberg@buckinghaminvestments.com) from Listing Office: Buckingham Investments, Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.