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2 days ago
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Listed by: Kristen Mussenden (323) 362-2253 DRE #02096276, Matthew Mahowald DRE #02001732 | Buckingham Investments, Inc (310) 982-7055
$1,595,000
7 Beds
-- Bath
4,840sqft
920 N Park, Long Beach, CA 90813
$1,595,000
Get Pre-Approved
Apartment
Built in 1923
$-- HOA
7,316 sqft lot
$330/sq.ft
Description
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 ...
Continue Reading- Houzeo last checked: 11 minutes ago
- Listing updated: September 13, 2026 at 5:10 pm
- Source: California Regional MLS-CA | MLS#: SB26199827
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1923
HOA Fees
-
Finished Area
4,840 sqft
Lot Size
7,316 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SB26199827
MLS Status
Active
Days on Market
1
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