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!
For sale
Listed by: Buckingham Investments, Inc • Jeffrey Isenberg • Contact: 818-795-4477
$969,000
531 N Virginia Ct, Long Beach, CA 90802
5beds
3baths
1,987sqft
Triplex
Built in 1908
-- sqft lot
$961,400 Zestimate®
$488/sqft
$-- HOA
What's special
- 50 days
- 310
- 30
Zillow last checked:
Listing updated:
Listed by:
Jeffrey Isenberg DRE #02059354 818-795-4477,
Buckingham Investments, Inc
Source: CRMLS,MLS#: SB26155784
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Rooms
- Room types: Bedroom
Bedroom
- Features: Bedroom on Main Level
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Dishwasher, Gas Range, Microwave, Refrigerator, Water Heater
- Laundry: Common Area, Washer Hookup, Electric Dryer Hookup
Features
- Ceiling Fan(s), Quartz Counters, Recessed Lighting, Bedroom on Main Level
- Flooring: Vinyl
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,987
- Total interior livable area: 1,987 sqft
Property
Parking
- Total spaces: 2
- Parking features: One Space
- Uncovered spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Entry location: Street
- Pool features: None
- Spa features: None
- Fencing: Vinyl
Lot
- Size: 3,315 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 7280001012
- Zoning: LBPD30
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Triplex
Materials
- Asphalt, Wood Siding
- Roof: Asphalt
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1908
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Park
- Subdivision: Alamitos Beach (Ab)
Location
- Region: Long Beach
Financial & listing details
- Price per square foot: $488/sqft
- Tax assessed value: $856,800
- Date on market: 7/16/2026
- Cumulative days on market: 50 days
- Listing terms: Cash,Cash to New Loan,1031 Exchange,FHA
- Exclusions: Tenants Personal Property
- Total actual rent: 5929
- Tenant pays: Electricity, Gas
- Road surface type: Alley Paved, Paved
Estimated market value
$961,400
$913,000 - $1.01M
$2,479/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Listed for sale | $969,000+16%$488/sqft |
Source:  CRMLS #SB26155784 Report a problem | ||
| 8/21/2020 | Listing removed | $1,550$1/sqft |
Source: Go Section8 Report a problem | ||
| 7/23/2020 | Listed for rent | $1,550-18.2%$1/sqft |
Source: Go Section8 Report a problem | ||
| 9/5/2019 | Sold | $835,000-1.5%$420/sqft |
Source:  CRMLS #PW19159296 Report a problem | ||
| 8/8/2019 | Pending sale | $848,000$427/sqft |
Source: First Team Real Estate #PW19159296 Report a problem | ||
| 7/6/2019 | Listed for sale | $848,000+101.9%$427/sqft |
Source: First Team Real Estate #PW19159296 Report a problem | ||
| 4/28/2019 | Listing removed | $1,895$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/28/2019 | Listed for rent | $1,895$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 8/2/2018 | Sold | $420,000-8.1%$211/sqft |
Source: Public Record Report a problem | ||
| 4/25/2018 | Pending sale | $457,000$230/sqft |
Source: Keller Williams Realty #PW18035867 Report a problem | ||
| 4/5/2018 | Price change | $457,000-8.2%$230/sqft |
Source: Keller Williams Realty #PW18035867 Report a problem | ||
| 3/10/2018 | Price change | $498,000-9.1%$251/sqft |
Source: Keller Williams Realty #PW18035867 Report a problem | ||
| 2/16/2018 | Listed for sale | $548,000$276/sqft |
Source: Keller Williams Rlty Whittier #PW18035867 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $856,800 +2% |
| 2025 | $11,322 -3.4% | $840,000 -6.2% |
| 2024 | $11,719 +1.7% | $895,284 +2% |
| 2023 | $11,521 +6.5% | $877,731 +2% |
| 2022 | $10,814 +2% | $860,522 +2% |
| 2021 | $10,599 +0.3% | $843,650 +1% |
| 2020 | $10,571 | $835,000 +98.8% |
| 2019 | $10,571 +346.5% | $420,000 +166.6% |
| 2018 | $2,368 | $157,535 +2% |
| 2017 | $2,368 +1.1% | $154,447 +2% |
| 2016 | $2,342 +7.6% | $151,420 +1.5% |
| 2015 | $2,176 +3.6% | $149,146 +2% |
| 2014 | $2,100 | $146,226 +2.5% |
| 2012 | -- | $142,712 +2% |
| 2011 | -- | $139,914 +0.8% |
| 2010 | -- | $138,870 -0.2% |
| 2009 | -- | $139,201 +6.1% |
| 2005 | -- | $131,175 +4% |
| 2004 | -- | $126,083 +1.9% |
| 2003 | -- | $123,773 +2% |
| 2002 | -- | $121,347 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Downtown
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