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$6,995,000

Est. payment - /mo

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0.34 Acres Lot

Pending

3945 N Virginia RD Long Beach, CA 90807

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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Pending

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

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

9

Los Cerritos Elementary School

Public | KG - 5
8

Signal Hill Elementary School

Public | KG - 5
8

Alvarado Elementary School

Public | KG - 5
8

Madison Elementary School

Public | KG - 5
7

Muir Academy

Public | KG - 8
7

Birney Elementary School

Public | KG - 5
7

Lafayette Elementary School

Public | KG - 5
7

Longfellow Elementary School

Public | KG - 5
7

Holmes Elementary School

Public | KG - 5
6

Garfield Elementary School

Public | KG - 5
6

Colin Powell Academy

Public | KG - 8
6

Starr King Elementary School

Public | KG - 5
6

Robinson K - 8 Academy

Public | KG - 8
6

Roosevelt Elementary School

Public | KG - 5
6

Riley Elementary School

Public | KG - 5
5

Elizabeth Beth Hudson K - 8 School

Public | KG - 8
5

Daniel Webster Elementary School

Public | KG - 5
5

Dominguez Elementary School

Public | KG - 5
5

Dooley Elementary School

Public | KG - 5
5

Addams Elementary School

Public | KG - 5

Middle Schools 9

9

Intellectual Virtues Academy of Long Beach

Public | 6 - 8
7

Hughes Middle School

Public | 6 - 8
6

Jessie E. Nelson Academy

Public | 6 - 8
5

Stephens Middle School

Public | 6 - 8
5

Lindbergh STEM Academy

Public | 6 - 8
5

Hoover Middle School

Public | 6 - 8
4

Rancho Dominguez Preparatory School

Public | 6 - 12
4

Perry Lindsey Academy

Public | 6 - 8
1

Paramount Alternative Education Center

Public | 6 - 12

High Schools 8

6

Polytechnic High School

Public | 9 - 12
1

Cabrillo High School

Public | 9 - 12
1

Jordan High School

Public | 9 - 12
1

Beach High-Intensive Learning Program

Public | 9 - 12
0

Reid High School

Public | 11 - 12
0

Educational Partnership High School

Public | 9 - 12
0

Long Beach Unified School District Regional Occupational Program

Public | 10 - 12
0

Buena Vista High School

Public | 9 - 12

School and business data provided by Attom Data.

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Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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