973 N Park, Long Beach, CA 90813
- $2,650,000
- List Price
- $2,650,000
- Price Change
- ▼ $100,000 1779195487
- Status
- ACTIVE
- MLS#
- DW26088637
- Year Built
- 1903
- Lot Size
- 9,549
- Acres
- 0.22
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 96
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
- Neighborhood
- Willmore District (Wm)
Property Description
8-UNIT VALUE-ADD OPPORTUNITY | LEASE-UP POTENTIAL | TURNKEY CONDITION | PRIME LONG BEACH LOCATION. Welcome to 973 N Park Cir — a rare opportunity to acquire an 8-unit multifamily property in the heart of Long Beach. This updated, turnkey asset is ready for immediate occupancy, allowing a new owner to quickly place tenants and begin generating income. The property is ideally positioned for an investor to stabilize operations by securing high-quality tenants at current market rents, offering strong upside in both cash flow and overall property value. With units in move-in ready condition, this is a streamlined lease-up opportunity. Located in front of Drake Park, the property benefits from a central location with access to local amenities, schools, shopping, and dining. It is also in close proximity to Long Beach City College Pacific Coast Campus, making it an attractive option for student and workforce housing. Convenient access to the 710 and 405 freeways provides connectivity throughout Los Angeles County. This is a true value-add investment with turnkey condition, perfect for investors seeking immediate lease-up, strong rental demand, and long-term appreciation.
/u.realgeeks.media/myhomeseekers/jose-new-square2.png)
Additional Information
- Pool Description
- None
- Heat
- Ductless
- Cooling
- Yes
- Cooling Description
- Ductless
- View
- Back Bay, City Lights, Park/Greenbelt
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $18,400
- Operating Expense
- 46292
- Levels
- Two
- Parking Spaces
- 8
Listing courtesy of Listing Agent: Ixbalanque Garcia (ixgrealtor@gmail.com) from Listing Office: Won Suk Kim Real Estate, Inc..
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.