NOT LISTED FOR SALE
1 Bed
2 Baths
18,184 Sq Ft
0.34 Acre Lot

Sale Details

Date Sold: February 5, 2026

Last sale price $6,300,000 $346 Per Sq Ft

57 Days on Market

About This Home

As of February 2026

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.

Last Agent to Sell the Property

Chris Walker

Triqor Group Brokerage Email: chris.walker@triqorgroup.com License #01905338 Listed on: 09/23/2025

Last Buyer's Agent

Chris Walker

Triqor Group Brokerage Email: chris.walker@triqorgroup.com License #01905338 Listed on: 09/23/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 14,642 Sq Ft Lot
  • Two or More Common Walls
  • Irregular Lot

Parking

  • 25 Car Garage

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 18,184 Sq Ft Home
  • 3-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Listing and Financial Details

  • Tax Tract Number 1225
  • Assessor Parcel Number 7139017010

Community Details

Overview

  • Active Adult
  • 25 Units

Amenities

  • Laundry Facilities

Building Details

  • 25 Separate Electric Meters
  • 25 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $190,125
  • Gross Income $526,582
  • Net Operating Income $336,457

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0.34 Acres

Parking

25

Listing Details

  • Property Attached: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7139017010
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 346.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 25.00
  • Total Parking Spaces: 25.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: Yes
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Irregular Lot
  • Lot Size Sq Ft: 14642.00
  • Lot Size Acres: 0.3361

Multi Family

  • Gross Income: 526582.00
  • Gross Scheduled Income: 542868.00
  • Lot Size Area: 14642.0000 Square Feet
  • Net Operating Income: 336457.00
  • Number Of Separate Electric Meters: 25
  • Number Of Separate Gas Meters: 25
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 25
  • Operating Expense: 190125.00
  • Rent Control: No
  • Total Expenses: 190125.00

Tax Info

  • Tax Tract Number: 1225
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/05/2026 02/05/26 Sold $6,300,000 -9.9% $346 / Sq Ft
11/19/2025 11/19/25 Pending -- -- --
09/23/2025 09/23/25 For Sale $6,995,000 -- $385 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25223690

California Regional Multiple Listing Service (CRMLS)
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