Property Details
About this Property
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%.
MLS Listing Information
MLS #
CRPW25142786
MLS Source
California Regional MLS
Days on Site
22
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Common Parking Area, Other, Parking Area, Garage: 0 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Naomi Yamagami Reed
Sage Real Estate Group, Inc.
License #: 01887689
Phone: –
Co-Listing Agent
Andrea Swann
Swann Investments
License #: 02192788
Phone: (310) 464-7647
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 4 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
3029 Pacific Ave is a Residential Income in Long Beach, CA 90806. This – square foot property sits on a 4,361 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,375,000 and was built in 1955. This address can also be written as 3029 Pacific Ave, Long Beach, CA 90806.
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This listing information is up-to-date as of July 14, 2025. For the most current information, please contact Naomi Yamagami Reed
