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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
Monthly Est:$7,939
7 Beds
-- Bath
4,840sqft
920 N Park, Long Beach, CA 90813
$1,595,000
$7,939/moEst:
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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 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.
- Houzeo last checked: 7 minutes ago
- Listing updated: September 13, 2026 at 5:10 pm
- Source: California Regional MLS-CA | MLS#: SB26199827
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
47
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 7
Bathroom: --
Interior
Sewer
Public Sewer
Utilities & Energy
Water Source
Public
Pool Features
None
Laundry Features
Common Area
Other Features
Lot Features
Six To Ten Units Acre, Back Yard
Community Features
Park, Street Lights, Suburban, Sidewalks
Price History
| Date | Event | Price |
|---|---|---|
09/11/2026 Source: | Listed for Sale | $1,595,000 $330/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 29, 2026, 03:45AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
Advertising Broker: William Johnson DRE #01463271 | William Johnson Brokerage
