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920 N Park

Long Beach, CA 90813
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Bed 7

Bed

Bath 0

Bath

SqFt7,316

Sqft(Lot)

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 str eet 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,595,000

AD Id : 91180298

MLS Id : SB26199827

Beds : 7

Lot Size : 7,316 Sqft

Year Built : 1923

Garage : 5

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1923
    Building Area Total: 4840
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 7316 Lot Size Acres: 0.168 Lot Size Source: Assessor Lot Size Square Feet: 7,316 Lot Description: SixToTenUnitsAcre,BackYard

  • Listing Price Information

    Listing Price: $1595000
    Cash, CashToExistingLoan, CashToNewLoan, Conventional, Exchange1031

  • Tax Information

    Parcel Number: 7271022018 Tax Lot: 14 Tax Block: B

  • Parking Information

    Parking Total: 5

    Garage Information

    Has Garage: Yes Garage Space: 5

  • Location Information

    Direction: Northeast of the intersection of 7th and Daisy Ave WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1083 Gaviota Avenue, Long Beach, CA, 90813 $2,348,000 18 10 -- 6,114 Sqft
1025 Gaviota Avenue, Long Beach, CA, 90813 $2,250,000 16 16 -- 6,085 Sqft
1071 N Almond Court, Long Beach, CA, 90813 $888,000 8 5 -- 4,257 Sqft
753 Cerritos Avenue, Long Beach, CA, 90813 $2,900,000 18 18 -- 7,338 Sqft
1071 Olive, Long Beach, CA, 90813 $1,450,000 12 6 -- 6,517 Sqft
1136 Linden Avenue, Long Beach, CA, 90813 $1,630,000 3 -- -- 7,273 Sqft
1111 Pine Avenue, Long Beach, CA, 90813 $2,125,000 1 2 -- 0.17 Acre
1425 Cedar Avenue, Long Beach, CA, 90813 $2,045,000 3 2 -- 0.15 Acre
1211 Magnolia Avenue, Long Beach, CA, 90813 $3,200,000 1 1 -- 8,737 Sqft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/12/2026 @ 04:36

MLS: SB26199827 LISTED BY: Kristen Mussenden, Buckingham Investments, Inc 310-982-7055 SOURCE: CRMLS

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