920 N Park, Long Beach, CA 90813

Long Beach
Local realty services provided by:ERA Donahoe Realty
920 N Park,Long Beach, CA 90813
$1,595,000
  • - Beds
  • - Baths
  • 4,840 sq. ft.
  • Multi-family
  • Active
Listed by: kristen mussenden, matthew mahowald
Office: buckingham investments, inc310-982-7055
MLS#:SB26199827
Source:CRMLS

Price summary

  • Price:$1,595,000
  • Price per sq. ft.:$329.55

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...

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Home facts

  • Year built:1923
  • Listing ID #:SB26199827
  • Added:61 day(s) ago
  • Updated:November 12, 2026 at 08:23 PM

Rooms and interior

  • Living area:4,840 sq. ft.

Structure and exterior

  • Year built:1923
  • Building area:4,840 sq. ft.
  • Lot area:0.17 Acres
  • Lot Features:Back Yard

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,595,000
  • Price per sq. ft.:$329.55

Parking

  • Total parking spaces:5
  • Garage:Yes
  • Garage spaces:5
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