$2,650,000
-$100,000973 N Park, Long Beach CA 90813
Multi-Family (8 Units)
Property type
43 days
On market
$399
Price per sqft
0 cars
Garage
1903
Year built
9,549 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Ixbalanque Garcia DRE #02035537 562-474-1722, Won Suk Kim Real Estate, Inc.
Listing updated: May 19, 2026 at 07:53am.
Last checked: Jun 3, 2026 at 09:31pm
Source: CRMLS #DW26088637
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $0 | $0 | $2,100 | Unfurnished |
| 1 | 2 | 1 | — | $0 | $0 | $2,100 | Unfurnished |
| 1 | 2 | 2 | — | $0 | $0 | $2,200 | Unfurnished |
| 1 | 2 | 2 | — | $0 | $0 | $2,200 | Unfurnished |
| 1 | 2 | 1 | — | $0 | $0 | $1,900 | Unfurnished |
| 1 | 2 | 1 | — | $0 | $0 | $1,900 | Unfurnished |
| 1 | 3 | 1 | — | $0 | $0 | $3,000 | Unfurnished |
| 1 | 3 | 1 | — | $0 | $0 | $3,000 | Unfurnished |
# of Buildings: 2
# of Units Total: 8
Separate Electric Meters: 8
Separate Gas Meters: 8
Separate Water Meters: 1
Rent Control: Yes
Tenant Pays: All Utilities
Financial Snapshot
Gross Rent Multiplier
144.0x
List Price / Annual Gross Rent
Cap Rate
6.59%
NOI / List Price
Gross Scheduled Income: $18,400
Operating Expense: $46,292
Net Operating Income: $174,508
Annual Operating Expenses
Cable TV: $0
Electric: $0
Furniture Replacement: $0
Gardener: $2,400
Fuel: $0
Insurance: $9,037
Licenses: $480
Maintenance: $0
New Taxes: $34,375
Professional Management: $0
Trash: $0
Water / Sewer: $0
Workers Comp: $0
Interior
Flooring: Laminate
Cooling: Ductless
Heating: Ductless
Fireplace: None
Laundry: Common Area
Entry Location: 4
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Lot Features: Six To Ten Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
View: Back Bay, City Lights, Park Greenbelt
Garage and Parking
Parking: None
Garage Spaces: 0
Uncovered Spaces: 8
Parking Total: 8
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7271021010
Additional Parcels: No
Tax Lot: 15
Tax Block: E
Subdivision: Willmore District (WM)
Community
Senior Community: No
Community Features: Street Lights
Nearby Schools
Nearby schools around the 973 N Park, Long Beach, CA 90813. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,120,000
Total Interest
$2,703,943
Total Payment
$4,823,943
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$16,310
per month
Property History for 973 N Park
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90813.
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