Homes for sale - 3945 N Virginia RD, Long Beach, CA 90807

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Robert Cole

Real Brokerage Technologies

rob@thecolegroup.co +1(714) 253-3777

$ 6,995,000

Est. payment | -/mo

0.34 Acres Lot

Save

$ 6,995,000

Est. payment | -/mo

Save

0.34 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25223690

HOA Y/N No

Year Built 1988

Lot Size 0.336 Acres

Property Sub-Type Apartment

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 units—features 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 neighborhood's 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

Area 699 - Not Defined

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 25.0

Garage Description 25.0

Pool None

Community Features Sidewalks

Total Parking Spaces 25

Private Pool No

Building

Lot Description Irregular Lot

Story 3

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community Yes

Tax ID 7139017010

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Listed by Christopher Walker Triqor Group chris.walker@triqorgroup.com

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(714) 253-3777

rob@thecolegroup.co

3945 N Virginia RD Long Beach, CA 90807