CA > Long Beach > Wrigley Area (Wr)
Long Beach, CA 90806,3029 Pacific AVE
Long Beach, CA 90806,3029 Pacific AVE
Long Beach, CA 90806,3029 Pacific AVE
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$1,375,000
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4,360 Sqft Lot
Open Sun 1PM-4PM

3029 Pacific AVE Long Beach, CA 90806

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Renaldo Wilson

Renaldo Wilson

LPT Realty

+1(951) 458-3226

OPEN HOUSE

Sun Jun 29, 1:00pm - 4:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision Wrigley Area (Wr)

MLS Listing ID PW25142786

Construction Status Repairs Cosmetic,Turnkey

HOA Y/N No

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

Fireplace No

Laundry See Remarks

Exterior

Parking Features Asphalt, Concrete, Driveway, On Site, Paved, One Space, Uncovered

Pool None

Community Features Suburban

Total Parking Spaces 4

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Repairs Cosmetic,Turnkey

Others

Senior Community No

Tax ID 7206009032

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

CRMLS – RECore
Listed by Naomi Yamagami Reed Sage Real Estate Group, Inc. 310-803-7662

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agent

Renaldo Wilson

Company | License ID: DRE# 02103516

+1(951) 458-3226

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3029 Pacific AVE