973 N Park Cir, Long Beach, CA, 90813
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.
Getting Around
Very Walkable
Good Transit
Very BikeableSchools
Construction
Condition
- Year built: 1903
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Laundry features: Common Area
Bedrooms & Bathrooms
- Bedrooms: 18
- Bathrooms: 10
Features
- Flooring: Laminate
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Heating & Cooling
- Heating features: Ductless
- Cooling features: Ductless
Interior Area
- Total structure area: 6,643
- Total interior livable area: 6,643 sqft
Property
Details
- Parcel number: 7271021010
- Attached to another structure: Yes
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Entry location: 4
- Pool features: None
- Has view: Yes
- View description: Back Bay,City Lights,Park/Greenbelt
- Has water view: Yes
- Water view: Back Bay
Lot
- Lot size: 9,549 sqft
- Features: 6-10 Units/Acre
Parking
- Total spaces: 8
- Parking features: None
- Uncovered spaces: 8
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $13,399 | $160,788 |
| Home Insurance * | $515 | $6,180 |
| Property Taxes | $3,084 | $37,008 |
| Electricity | $1,424 | $17,094 |
| Total | $18,422 | $221,064 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-24 | Listed for sale | $2,750,000 |
| 2026-02-18 | Listing removed | $2,200 |
| 2025-11-04 | Listed for rent | $2,200 |
| 2023-10-10 | Sold | $1,448,000 |
| 2023-08-09 | Pending sale | $1,498,000 |
| 2023-07-13 | Listed for sale | $1,498,000 |
| 2003-01-03 | Sold | $369,000 |
Pre-Foreclosure - For Sale by Agent
View on Zillow