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… Read More 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%. Read Less
Property listed by Sage Real Estate Group, Inc., Naomi Yamagami Reed 310-803-7662
Listing Snapshot
Days Online
18
Last Updated
Property Type
Quadruplex
Lot Size
0.1 Acres
Year Built
1955
MLS Number
PW25142786
30 Days Snapshot Of 90806
$627k
-20%
(avg) sold price
5
-16%
homes sold
82
+105%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1955, Building area total: 2,734, Levels: Two, 2 stories, 2 buildings, Architectural style: , Attached, Common walls: OneCommonWall
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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