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531 N Virginia Ct 3 Unit Apartment Building $1,347,063 CAD ($449,021 CAD/Unit) 5.10% Cap Rate Long Beach, CA 90802
INVESTMENT HIGHLIGHTS
- Fully stabilized property offers long-term value and reliable income.
- Recent Cap Ex includes fully remodeled units with new roofs and plumbing upgrades
- Long Beach's thriving economy supported by its shipping, aerospace, and healthcare sectors ensures a strong tenant base.
- Located 2 blocks from the vibrant Downtown Long Beach core & less than 1 mile to the Ocean.
- Conveniently located near the 710 and 405 freeways and the Metro Blue Line.
- Turnkey investment in one of Southern California's most desirable markets.
EXECUTIVE SUMMARY
Prime Investment Opportunity in Downtown Long Beach! This fully stabilized, 3-unit property at 531 N Virginia Court offers long-term value and reliable income. Recent Cap Ex includes fully remodeled units with updated roofs and extensive plumbing upgrades make for a unique opportunity at this price point!
Tenant in unit #531 (1) bedroom has moved out as of 10/23/2025 and can be delivered vacant at close of escrow. Section #8 rental limits for 2025 are at $2,332 per month for this zip code! Perfect for owner/user or investment.
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 offer evidence of 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!
Tenant in unit #531 (1) bedroom has moved out as of 10/23/2025 and can be delivered vacant at close of escrow. Section #8 rental limits for 2025 are at $2,332 per month for this zip code! Perfect for owner/user or investment.
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 offer evidence of 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!
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,347,063 CAD | Building Class | C |
| Price Per Unit | $449,021 CAD | Lot Size | 0.08 AC |
| Sale Type | Investment | Building Size | 1,987 SF |
| Cap Rate | 5.10% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.34 | No. Stories | 1 |
| No. Units | 3 | Year Built/Renovated | 1908/2019 |
| Property Type | Multifamily | Parking Ratio | 1.01/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LBPD30 | ||
| Price | $1,347,063 CAD |
| Price Per Unit | $449,021 CAD |
| Sale Type | Investment |
| Cap Rate | 5.10% |
| Gross Rent Multiplier | 13.34 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 1,987 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1908/2019 |
| Parking Ratio | 1.01/1,000 SF |
| Zoning | LBPD30 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Double Pane Windows
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- Laundry Facilities
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $2,733 CAD | 670 - 816 |
| 1+1 | 1 | $2,811 CAD | 501 |
1 1
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (87)
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531 N Virginia Ct
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