Renovated Apartment Buildings with
For Sale
$1,595,000
920 N Park Cir, Long Beach, CA 90813
Two-building multifamily property with renovated units, private garages, and a central courtyard across from Drake Park.
Property SizeContact for details
Lot Size0.17 Acres
Days on Market11
Property Features for 920 N Park Cir
General Information
Standard status
Active
Total Parking Spaces
5
Lot size
0.17 Acres
Property subtype
Residential Income
Financials
Cap Rate
6%
Gross Rent Multiplier
10.99
Additional Details
Multifamily Units
6
Amenities
central courtyard
Building Details
Buildings
2
Listing Agency:
Buckingham Investments, Inc
(310) 982-7055
Listed By:
Kristen Mussenden · License #02096276
(407) 341-3254
Source:
Exprealty
Added: Sep 11
Changed: Sep 19
Last Checked: Sep 20 at 1:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Buckingham Investments, Inc
Investment Insights
Based on property information with market context.
This multifamily property includes 6 units across 2 structures on a 7,316-square-foot lot, along with 5 single-car garages and a central courtyard. Five of the 6 units were renovated in 2021, and subsequent improvements include new exterior stairs, water heaters serving 4 of 6 units, and upgraded breakers and subpanels.
The property is located at 920 N Park Cir in Long Beach, directly across from Historic Drake Park within the Drake Park/Wilmore City neighborhood. Its operating profile includes a 10.99 GRM and a 6.0% cap rate. Five of the 6 units are eligible for rent increases, while the garage configuration may support future ADU conversion, subject to applicable approvals.
The property is located at 920 N Park Cir in Long Beach, directly across from Historic Drake Park within the Drake Park/Wilmore City neighborhood. Its operating profile includes a 10.99 GRM and a 6.0% cap rate. Five of the 6 units are eligible for rent increases, while the garage configuration may support future ADU conversion, subject to applicable approvals.
Key Highlights
- 6 units in 2 structures on a 7,316‑square‑foot lot
- 5 single‑car garages and a central courtyard
- 5 of 6 units renovated in 2021
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,028
Businesses Nearby
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Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-building multifamily property with renovated units, private garages, and a central courtyard across from Drake Park.
Where is this apartment building located?
The property is located at 920 N Park Cir Long Beach, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 6 units in 2 structures on a 7,316‑square‑foot lot; 5 single‑car garages and a central courtyard; 5 of 6 units renovated in 2021
