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%.
Property Details
Price:
$1,375,000
MLS #:
PW25142786
Status:
Active
Baths:
0
Address:
3029 Pacific Avenue
Type:
Residential Income
Subtype:
Quadruplex
Subdivision:
Wrigley Area WR
Neighborhood:
5wrigleyarea
City:
Long Beach
Listed Date:
Jun 25, 2025
State:
CA
ZIP:
90806
Lot Size:
4,361 sqft / 0.10 acres (approx)
Year Built:
1955
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Schools
Interior
Exterior
Community Features
Suburban
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre
Parking Features
Driveway, Asphalt, Concrete, Paved, On Site, Parking Space, Uncovered
Parking Spots
4.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
All Utilities
Map
Community
- Address3029 Pacific Avenue Long Beach CA
- Area5 – Wrigley Area
- SubdivisionWrigley Area (WR)
- CityLong Beach
- CountyLos Angeles
- Zip Code90806
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3029 Pacific Avenue
Long Beach, CA
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