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$ 1,335,000
Est. payment /mo
Price Dropped by $40K
3029 Pacific Avenue Long Beach, CA 90806
6 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Wrigley Area (Wr)
MLS Listing ID PW25142786
Bedrooms 6
Property Sub-Type Res Income 2-4 Units
Property Description
Located in the northern section of Long Beach's 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. Located in North Wrigley's stable residential community of well-maintained single-family homes with strong pride of ownership, 3029 Pacific Ave offers exceptional versatility for any rental strategy. Short-term guests benefit from proximity to Long Beach Airport and 2028 Olympics venues, while mid-term rentals thrive with traveling nurses drawn to three major medical centers within minutes. Long-term tenants appreciate the established neighborhood character, and seamless access to Downtown Long Beach, the 710/405 freeways, public transportation such as Bus Line 182 and Metro A Line - making this an ideal location for professionals, families, and visitors alike, whether youre staying short-term, mid-term, or long-term. 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. One or two ADUs will be delivered vacant at close of escrowideal for an owner-occupant or investor looking to maximize returns through current market rent, or short-term or 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 uncovered parking, separate meter
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
Tax ID 7206009032
Listed by Naomi Yamagami Reed Sage Real Estate Group, Inc.
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