$1,595,000
 $8,562 est/mo Sourced by Back At You

920 N Park,Long Beach, CA 90813

Long Beach, CA 90813

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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.

Details

MLS #SB26199827
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1923
Days On Site47
Listing Provided ByBuckingham Investments, Inc | Kristen Mussenden

Features

SQ Feet4,840
Garage5
Story(s)2
Units6
Building(s)2
Acreage0.17

Exterior

Lot FeaturesSix To Ten Units Acre, Back Yard

Parking

Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesPark, Street Lights, Suburban, Sidewalks

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area699 Not Defined
Listing VS Median (in 90813)
Price:
$1,595,000
low | high
Med:
$899,000
93.636363636364% of Average
sqft:
4,840
low | high
Med:
3,960
68.181818181818% of Average
$ / sqft:
$330
low | high
Med:
$227
81.111111111111% of Average
On site:
47
low | high
Med:
272
17.279411764706% of Average
Sourced by Back At You

Market Activity 90813

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Contact

Learn More About This Property

Benjamin Leaskou

Benjamin Leaskou

01754516 (760) 799-4290ben@leaskouhiggins.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90813
Area699 Not Defined
Listing VS Median (in 90813)
Price:
$1,595,000
low | high
Med:
$899,000
93.636363636364% of Average
sqft:
4,840
low | high
Med:
3,960
68.181818181818% of Average
$ / sqft:
$330
low | high
Med:
$227
81.111111111111% of Average
On site:
47
low | high
Med:
272
17.279411764706% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.196M - $1.993M
sqft: 3,500 - 6,000
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944 Pacific Property Photo 1
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Listing Updated: October 17, 2026 at 6:26:59 AM PDT

Benjamin Leaskou - Desert Lifestyle Properties