3029 Pacific AVE Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90806
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID PW25142786
Year Built 1955
Lot Size 4,360 Sqft
Property Sub-Type Quadruplex
Property Description
Turn-key 4-unit income property in the desirable northern section of Wrigley, Long Beach. 3029 Pacific Ave offers strong cash flow, updated interiors, and long-term upside. Located on a wide, tree-lined street just north of Willow, the property benefits from nearby amenities, larger lot homes, and higher owner occupancy. Excellent access to Pacific Hospital, Memorial Medical Center, Metro A Line (Wardlow & Willow stations), and Bus Line 182 makes this a prime location for tenant demand. Desirable unit mix: two spacious 2BR/1BA units + two newer 1BR/1BA ADUs (garage conversions with permits, completed in 2023). One ADU delivered vacant at COE—ideal for an owner-user or rent optimization. Downstairs 2BR was fully renovated in 2023 with in-unit laundry. Upstairs 2BR is in original condition with value-add potential. Coin-op laundry located just two doors down for tenant convenience. Uncovered parking, separate meters, and LBR2N zoning. Low-maintenance, stabilized asset with strong income. GSI: $101,808 | GRM: 13.5 | Cap Rate: 4.81%.
Location
State CA
County Los Angeles
Area 5 - Wrigley Area
Zoning LBR2N
Interior
Laundry See Remarks
Exterior
Parking Features Asphalt,Concrete,Driveway,On Site,Paved,One Space,Uncovered
Pool None
Community Features Suburban
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,1031 Exchange
Listing Terms Cash,Cash to New Loan,1031 Exchange
Special Listing Condition Standard