$2,650,000
About this home
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.
Facts & features
- Flooring
- Laminate
- Fireplace
- None
- Heating
- Ductless
- Cooling
- Ductless
- Laundry
- Common Area
- Levels
- Two
- Lot size
- 0.219 acres (9,549 sq ft)
- Pool
- None
- View
- Back Bay, City Lights, Park Greenbelt
- Year built
- 1903
- Parking
- None
- Parking spaces
- 8
- Area
- 4 - Downtown Area, Alamitos Beach
- County
- Los Angeles
- Community features
- Street Lights
- Status
- Active
- Property type
- Apartment
- Days on market
- 25
- Listed
- 2026-04-23
- Original price
- $2,750,000
- Terms
- Cash, Cash To New Loan, Conventional, Exchange 1031
- Parcel #
- 7271021010
- MLS #
- DW26088637
