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920 N Park, Long Beach, CA 90813

Long Beach
Local realty services provided by:CENTURY 21 Masters
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...

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Home facts

  • Listing ID #:SB26199827
  • Added:8 day(s) ago
  • Updated:September 20, 2026 at 02:57 PM

Rooms and interior

  • Bedrooms:5

Finances and disclosures

  • Price:$1,595,000
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