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Listed by Buckingham Investments, Inc, Kristen Mussenden, Listing Contact: 407-341-3254 
5 Beds
0 Baths

$1,595,000

920 N Park, Long Beach CA, 90813

Property typeMulti-family

Overview

Active

Listed Sep 11, 2026

Updated 3 weeks ago

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.

$10,612/mo

Est. mortgage payment based on a $1,595,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
SB26199827

Interior Features

Bedrooms
5
Bathrooms
0
Basement
No

Exterior Features

Lot Size
0.17 Acres

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Data last updated 3:23 AM UTC, 9/13/2026

   

 

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