Skip To Content

973 N Park

Long Beach, CA 90813
  • $2,750,000
  • STATUS: Active
  • ON SITE: 25 Days
  • ID#: DW26088637
$2,750,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1903
County:

School Ratings & Info

Listing Agent(s): Ixbalanque Garcia of Won Suk Kim Real Estate, Inc. (562-474-1722)


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.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-19T00:28:22.46. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
www.inlandempiresold.com/homes/175737845
Print Image

973 N Park Long Beach, CA 90813

  • Price: $2,750,000
  • Status: Active
  • On Site: 25 Days
  • ID#: DW26088637
0
Beds
0
Baths
0
½ Baths
0.22
Acres
1903
Built
Neighborhood:
Willmore District (Wm)
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
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.
Exterior Features

Entry Level 1 Entry Location 4 Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 8 Open Parking Spaces 8 Parking Features None Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes View Back BayCity LightsPark/Greenbelt View YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling Ductless Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Laminate Heating Ductless Heating YN Yes

Property Features

Additional Parcels YN No Cable Tv Expense 0 Common Interest None Community Features Street Lights Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 174507 Gross Scheduled Income 18400 Insurance Expense 9037 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 Exchange Maintenance Expense 0 Net Operating Income 174507.9 New Construction YN No New Taxes Expense 34375 Number Of Separate Gas Meters 8 Number Of Separate Water Meters 1 Operating Expense 46292 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Trash Expense 0 Water Sewer Expense 0 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-19T00:28:22.46. 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 deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_426706887-3.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_426706887-3.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_426706887-3.jpg
Logo
RE/MAX Empire Properties
street
Hemet CA, 92545
Listing Agent(s): Ixbalanque Garcia of Won Suk Kim Real Estate, Inc. (562-474-1722)