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Listed by Christopher Walker • Triqor Group
$ 6,995,000
Est. payment | /mo
18,184 SqFt
$ 6,995,000
Est. payment | /mo
18,184 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 18,184 sqft
Price per Sqft $384
MLS Listing ID PW-25223690
Year Built 1988
Lot Size 0.336 Acres
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
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
Interior
Laundry Common Area
Exterior
Garage Spaces 25.0
Pool None
Community Features Sidewalks
Building
Lot Description Irregular Lot
Sewer Public Sewer
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114