3029 Pacific Avenue, Long Beach, CA 90806

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Glen Henderson

[email protected] +1(619) 889-7646

$1,195,000

Est. payment - /mo

6 Beds

4,361 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Wrigley Heights (Wh)

MLS Listing ID PW25142786

Bedrooms 6

Lot Size 4,361 Sqft

Property Sub-Type Res Income 2-4 Units

Type of Financing Cash,Exchange

Property Type Res Income 2-4 Units

Property Description

Prime North Wrigley Location. 4-Units | Duplex + 2 ADU (2023) | 5.90% CAP | 11.86 GRM | $298K/PPU. Ideal for DSCR, Non-QM, and 1031 Exchange Buyers. 3 of 4 units Renovated - Turnkey. Low CapEx. Two 2023-Built ADUs - Fully Permitted, Turnkey Income Units. One 2BR in Original Condition - Simple Value-Add Opportunity. Excellent for Short, Mid, and Long Term Rentals. Located in the northern section of Long Beachs sought-after Wrigley neighborhood, 3029 Pacific Ave is a turn-key 4-unit income property offering immediate cash flow, updated interiors, and long-term upside potential. Set on a wide, tree-lined street just north of Willow, this location sits within one of Wrigleys more desirable pocketsknown for larger lots, higher owner occupancy, and proximity to Bixby Knolls, Virginia Country Club, and the 405 Freeway. The propertys proximity to Pacific Hospital of Long Beach, Memorial Medical Center, and multiple transit optionsincluding the Metro A Line (Wardlow & Willow stations) and Bus Line 182enhances its appeal to renters seeking convenience, access, and connectivity. The unit mix includes two spacious 2 bed / 1 bath units and two newer 1 bed / 1 bath ADUs, completed in 2023 as permitted garage conversions. The unit mix is perfect for long-term market rent or short-term and mid-term rental strategies. The downstairs 2BR unit was fully renovated in 2023 with modern finishes and in-unit laundry, while the upstairs 2BR remains in original condition, presenting an easy value-add opportunity. A coin-operated laundromat just two doors down adds extra convenience for tenants. With

Location

State CA

County Los Angeles

Zoning Assessor

Direction Near at the corner of W Spring St and Pacific Ave.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7206009032

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

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Listed by Naomi Yamagami Reed Sage Real Estate Group, Inc.

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

3029 Pacific Avenue Long Beach, CA 90806

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

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