Buckingham Investments, Inc
Listed by Buckingham Investments, Inc
$969,000
531 N Virginia Court
Details
APN 7280001012
Property Type Multifamily
Sub Type Apartment Building
Units 3
Cap Rate 6.30%
Buildings 3
Acreage 0.076
Zoning Public Rec
Multifamily | 6.30% CAP | 3 Units
Marketing 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. Dont miss this turnkey investment in one of Southern California's most desirable markets!
Listing Contacts
Buckingham Investments, Inc
Listed by Buckingham Investments, Inc
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