3029 Pacific AV Lot 23
Long Beach, CA, 90806
$1,195,000
Beds
0 Baths
0 SqFt
0.1 Acres
Add
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Prime North Wrigley Location. 4-Units | Duplex + 2 ADU (2023) | 5.90% CAP | 11.86 GRM | $298K/PPU. Ideal for DSCR, Non-QM, and 1031 Exchange Buyers. 3 of 4 units Renovated – Turnkey. Low CapEx. Two 2023-Built ADUs – Fully Permitted, Turnkey Income Units. One 2BR in Original Condition – Simple Value-Add Opportunity. Excellent for Short, Mid, and Long Term Rentals. 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. Set on a wide, tree-lined street just north of Willow, this location sits within one of Wrigley’s more desirable pockets—known for larger lots, higher owner occupancy, and proximity to Bixby Knolls, Virginia Country Club, and the 405 Freeway. The property’s proximity to Pacific Hospital of Long Beach, Memorial Medical Center, and multiple transit options—including the Metro A Line (Wardlow & Willow stations) and Bus Line 182—enhances its appeal to renters seeking convenience, access, and connectivity. 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 escrow—ideal for an owner-occupant or investor looking to maximize returns through optimal rental potential, whether via long-term market rent or short-term and 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 meters, and LBR2N zoning, this is a well-located, low-maintenance asset in a high-demand rental submarket—with the hard work already done.

Property Details

Price:
$1,195,000
MLS #:
PW25142786
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Subdivision:
Wrigley Heights WH
Neighborhood:
5
Listed Date:
Nov 25, 2025
Total Sq Ft:
2,734
Lot Size:
4,361 sqft / 0.10 acres (approx)
Year Built:
1955
5Wrigley Heights Wh

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Schools

Interior

Laundry Features
SEE

Exterior

Community Features
SUB
Parking Spots
4

Financial

Gross Operating Income
$98,754
Maintenance Fee
$3,000
Net Operating Income
$73,346

Map

Community

Subdivisions in Long Beach

Market Summary

Current real estate data for Single Family in Long Beach as of Nov 28, 2025
408
Single Family Listed
50
Avg DOM
456
Avg $ / SqFt
$955,611
Avg List Price

Property Summary

    Located in the Wrigley Heights (WH) subdivision, 3029 Pacific AV Lot 23 Long Beach CA is a Single Family for sale in Long Beach, CA, 90806. It is listed for $1,195,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1955. The average price per square foot for Single Family listings in Long Beach is $456. The average listing price for Single Family in Long Beach is $955,611.

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