3945 N Virginia Road, Long Beach, CA 90807
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
3945 N Virginia Road,Long Beach, CA 90807
$6,995,000
- 1 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:christopher walker
Office:triqor group
MLS#:PW25223690
Source:San Diego MLS via CRMLS
Price summary
- Price:$6,995,000
About this home
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.
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Home facts
- Listing ID #:PW25223690
- Added:1 day(s) ago
- Updated:September 24, 2025 at 03:36 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:2
Finances and disclosures
- Price:$6,995,000
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