3945 N Virginia Road, Long Beach, CA 90807

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Kobe Zimmerman

kobezimmerman@bhhscal.com +1(858) 753-3353

$6,995,000

Est. payment - /mo

1 Bed

0.34 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25223690

Bedrooms 1

Lot Size 0.336 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

We are proud to present Virginia Country Club Apartments, a rare 25-unit multifamily community in the highly coveted Los Cerritos neighborhood of Bixby Knolls. This desirable submarket is recognized for its historic homes, tree-lined streets, and affluent demographics, making it one of the most stable and in-demand rental markets in Long Beach. Currently operating as a 55+ senior living community, the property represents the largest available multifamily asset in the neighborhood today and one of only a handful of buildings above 20 units in all of Bixby Knolls. The unit mix consists of twenty-two (22) spacious one-bedrooms and three (3) studios, supported by a secured parking garage with twenty-five (25) parking spaces and twelve (12) rentable storage unitsfeatures rarely found in competing rental properties. Residents enjoy balconies, dishwashers, gas stoves, wood or tile flooring, and community conveniences such as an elevator, recreation room, and on-site laundry. Each unit is individually metered for gas and electricity, reducing landlord expenses and providing long-term operational efficiency. With current rents approximately 30% below market, investors are presented with a clear mark-to-market strategy that allows for significant near-term income growth with limited capital expenditure. Combined with the neighborhoods low vacancy, high household income base, and strong barriers to entry for new construction, Virginia Country Club Apartments offers investors both immediate upside and long-term stability.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Driving North on Long Beach Blvd., Turn Left Onto E. Roosevelt Rd., Immediately Make a Slight Right Turn Onto N. Virginia Rd., P

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Restrictions Other/Remarks

Tax ID 7139017010

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Listed by Christopher Walker Triqor Group

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3945 N Virginia Road Long Beach, CA 90807