3945 Virginia Rd - Apartments FOR SALE


Long Beach, CA 90807- Bixby Knolls
$6,995,000 USD
949-756-3232
3945 Virginia Rd, Long Beach, CA for Sale
$6,995,000 USD
Apartments - FOR SALE
1/10
null | 4.81% Cap Rate

3945 Virginia Rd
Long Beach, CA 90807
Bixby Knolls


HIGHLIGHTS

  • Built in 1988 | 55+ Senior Living Community in One of Long Beach’s Most Affluent Neighborhoods
  • Rare 25-Unit Offering Adjacent to Virginia Country Club & Multimillion-Dollar Homes
  • Significant 30%+ Rental Upside — Below-Market Rents with Stable, Long-Term Tenancy
  • Gated, Secured Parking Garage with 25 Spaces + (12) Rentable Storage Units
  • Individually Metered for Gas & Electric — Copper Plumbing Throughout
  • Elevator, Controlled-Access Building with Rec Room & Onsite Laundry

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,995,000 USD

PRICE/SF

$385 USD /SF

# OF UNITS

25

PRICE/UNIT

$279,800

CAP RATE

4.81%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Villa Virginia

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1988

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,641 SF

ZONING

R34, Long Beach

APN/PARCEL ID

7139-017-010

ASK ABOUT THIS PROPERTY

Chris WalkerTriqor GroupMore Info
949-756-3232

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Chris WalkerTriqor GroupMore Info
949-756-3232

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.