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531 N Virginia Ct , Long Beach, CA 90802
$969,000
Est. Payment: $5,132.46/mo
5 Bed
3 Bath
1987 Sqft
Status: Active | Days on site: 35
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Chris Heller
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House 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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Highlights

Listed by Jeffrey Isenberg , 310-982-7055 Buckingham Investments, Inc , 310-982-7055. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.08

Year Built

1908

County

Los Angeles

Area

4 - Downtown Area, Alamitos Beach

 Neighborhood

Alamitos Beach (AB)

Listing ID

SB26155784

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:3
  • ▪ Full Bathrooms:
Appliances:Dishwasher, Gas Range, Microwave, Refrigerator, Water Heater
Floor:Vinyl
Other:
  • ▪ Additional:Ceiling Fan(s), Quartz Counters, Recessed Lighting, Bedroom on Main Level
Water:Public

Exterior Features

Lot:0-1 Unit/Acre,No Land Lease
Garage Capacity:2
Zoning:LBPD30
Roof:Asphalt
Others:
  • ▪ Additional:Updated/Remodeled, Asphalt, Wood Siding, 2+ Total Units
Sewer:Public Sewer
Parking Features:One Space
Principal Interest
$5,132
Taxes
$618

Home Price

$969,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$193,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,132.46

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,132.46 $617.74 $0.00 $5,750.20
Yearly $61,589.51 $7,412.85 $0.00 $69,002.36
Total $1,847,685.37 $222,385.50 $0.00 $2,070,070.87

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Long Beach, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T10:55:49.000Z

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