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531 N Virginia Court, Long Beach, California 90802, Long Beach, 90802 - bed, bath

531 N Virginia Court, Long Beach, California 90802 home-pic-0
ACTIVE$965,000
531 N Virginia Court, Long Beach, California 90802
0Bed
0Bath
1,987Sqft
3,315Lot
Year Built
1908
Close
-
List price
$965K
Original List price
$999K
Price/Sqft
$486
HOA
-
Days on market
-
Sold On
-
MLS number
SB25067464
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $965.0K(27th), sqft - 1987(27th), beds - undefined(50th), baths - undefined(50th).

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!

Nearby schools

5/10
Edison Elementary School
Public,•K-5•0.2mi
7/10
International Elementary School
Public,•K-5•0.4mi
7/10
Stevenson Elementary School
Public,•K-5•0.8mi
6/10
Chavez Elementary School
Public,•K-5•0.9mi
7/10
Roosevelt Elementary School
Public,•K-5•1.1mi
7/10
Lincoln Elementary School
Public,•K-5•1.3mi
6/10
Washington Middle School
Public,•6-8•0.8mi
6/10
Franklin Classical Middle School
Public,•6-8•1.1mi
6/10
Polytechnic High School
Public,•9-12•1.2mi
3/10
Cabrillo High School
Public,•9-12•1.7mi

Price History

Date
Event
Price
09/30/25
Price Change
$965,000
03/28/25
Listing
$999,000
09/05/19
Sold
$835,000
08/02/18
Sold
$420,000
Condition Rating
Excellent
Despite being built in 1908, the property has undergone extensive and recent renovations, as stated in the description ('remodeled units with new roofs and plumbing upgrades'). The images confirm this, showcasing modern kitchens with white shaker cabinets, granite/quartz countertops, subway tile backsplashes, and stainless steel appliances. Bathrooms feature new white subway tile surrounds, modern patterned floor tiles, and updated fixtures. Throughout the units, there is new wood-look laminate flooring, fresh paint, recessed lighting, and modern ceiling fans, indicating a virtually new interior condition meeting current quality standards.
Pros & Cons

Pros

Income-Generating Asset: This is a fully stabilized, cash-flowing 3-unit multifamily property, offering immediate and reliable income for investors.
Prime Coastal Location & Accessibility: Located less than 1 mile from the ocean, minutes from Downtown Long Beach, and with excellent access to 710/405 freeways and Metro Blue Line, enhancing tenant appeal and property value.
Recent Capital Improvements: Recent Cap Ex includes remodeled units, new roofs, and plumbing upgrades, reducing immediate maintenance concerns and enhancing property condition.
Strong Market Growth & Demand: The property benefits from significant surrounding developments and ongoing multifamily projects, indicating increasing demand for quality housing in the area.
Robust Local Economy: Long Beach's thriving economy, supported by diverse sectors, ensures a strong and stable tenant base for the property.

Cons

Age of Property: Built in 1908, the property's age, despite recent upgrades, may present ongoing maintenance challenges or require future investments in original infrastructure.
Lack of Views: Despite its proximity to the ocean, the property description explicitly states 'view: None,' which could limit its appeal compared to other coastal properties.
Small Lot Size: With a lot size of 3315 sqft for a triplex, outdoor space and potential for expansion or additional amenities are limited.

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