920 N Park, Long Beach, CA 90813
Local realty services provided by:ERA North Orange County Real Estate
920 N Park,Long Beach, CA 90813
$1,595,000
- 5 Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: kristen mussenden, matthew mahowald
Office: buckingham investments, inc
MLS#:SB26199827
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,595,000
About this home
This clean, well-maintained property presents a great opportunity for those looking to own a stable asset that is east to manage and operate. Located directly across from Drake Park in Long Beach's historic Drake Park/Wilmore City neighborhood, there are 6 large units within 2 structures on a 7,316sqft lot with 5 garages. Priced at a 10.99 GRM and 6.0% cap rate, the property offers immediate upside with 5 of 6 units eligible for rent increases, plus long-term value-add potential via 5 single-car garages that may allow for future ADU conversion. 5 of 6 units tastefully renovated in 2021 and recent capital improvements include new exterior stairs, new water heaters in 4 of 6 units, and upgraded breakers/subpanels. The lot features a charming central courtyard, and it's located across the street from the Historic Drake Park with proximity to over $8 billion in ongoing and planned development near Downtown Long Beach and the Waterfront. This is a great deal for all investors, especially those that need the end of the year tax shelter benefits and/or those currently in a 1031 exchange....
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Home facts
- Listing ID #:SB26199827
- Added:16 day(s) ago
- Updated:September 28, 2026 at 02:27 PM
Rooms and interior
- Bedrooms:5
Finances and disclosures
- Price:$1,595,000
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