531 N Virginia Court Long Beach, CA $ 969,000
531 N Virginia Court
$ 969,000
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531 N Virginia Court

Long Beach, CA, 90802
$ 969,000
Baths1.0 Sq 1,987

Monthly Estimate*

$ 6,118

Listed by Buckingham Investments, Inc
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Studio

Multi-Family Home for sale in Long Beach, CA

for $969,000 with 1 full bath. This 1,987 square foot home was built in 1908 on a lot size of 0.0761.

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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Multi-Family Active

Price

$ 969,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.0761

Year Built

1908

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

SB26155784

Days on Market

2

Features
General
Sewer Public Sewer
Heating Wall Furnace
Cooling None
Roof Asphalt
Appliances Dishwasher Gas Range Microwave Refrigerator Water Heater
Zoning LBPD30
Garage Spaces 0
Architectural Style Bungalow
Pool Features None
Construction Materials Asphalt Wood Siding
Exclusions Tenants Personal Property
Year Built 1908
Tenant Pays Electricity Gas
View None
Stories Count 1
Levels One
Property Subtype Triplex
Gross Income 0
Community Features Park
Accessibility None
County Los Angeles
Net Operating Income 60623
Operating Expense 8391
Insurance Expense 1940
New Construction false
Property Type Residential Income
MaintenanceExpense 3451
Subdivision Name Alamitos Beach (AB)
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions 710 Fwy S to 6th St to N Virginia Ct. Between Magnolia Ave. & Chestnut Ave.
City Long Beach
Entry Location Street
Senior Community Y/N false
Open Parking Spaces 2
Number Of Units Total 3
MLS Area 4 - Downtown Area Alamitos Beach
Lot Size Units Square Feet
Lot Size Square Feet 3315
Number of Units Leased 3
Listing Terms Cash Cash to New Loan 1031 Exchange FHA
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Property Condition Updated/Remodeled
Trash Expense 0
Water Sewer Expense 2500
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Public Records
Tax Lot 16
Total Actual Rent 5929
Property Sub Type Additional Triplex
Cap Rate 6.3
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Interior
Interior Amenities Ceiling Fan(s) Quartz Counters Recessed Lighting Bedroom on Main Level
Flooring Vinyl
Fireplace Features None
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Laundry Features Common Area Washer Hookup Electric Dryer Hookup
Entry Level 1
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Exterior
Fencing Vinyl
Parking Features One Space
Lot Features 0-1 Unit/Acre
Water Source Public
Total Parking 2
Lot Size Area 3315
Number of Buildings 3
Spa false
Building Area Total 1987
Lot Size Acres 0.0761
Road Surface Type Alley Paved Paved
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
Road Frontage Type Alley City Street
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* Excluded Features
List By
Buckingham Investments, Inc

Broker

jeffrey.isenberg@buckinghaminvestments.com

Email

Affordability Calculator

$6,118
Per Month
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Monthly Principal & Interest
$6,118
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/16/2026$969,000 Listed Price

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531 N Virginia Court, Long Beach, CA, 90802 is a Multi-Family Home for sale at $969,000 with 1,987 sqft and a lot size of 0.0761. 531 N Virginia Court is a studio with 1.0 baths and was built in 1908. The property's zip code is 90802 which is in Long Beach, CA