920 N Park, Long Beach, CA 90813

• 5 beds

Property 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.

Listing Status:

Active

Date Added:

September 11, 2026

Data Last Updated:

October 8, 2026 at 10:11PM

Listing Office:

Buckingham Investments, Inc : 310-982-7055

Listing Agent:

Kristen Mussenden : 407-341-3254

MLS ID:

SB26199827

Exterior

• Pool: N/K

Location

• Originating MLS: California Regional MLS
• County: Los Angeles

Lot

• Zoning: Public Rec7271022018

Financial

• Source: California Regional MLS