CA > Long Beach
Long Beach, CA 90806,3029 Pacific Avenue
Long Beach, CA 90806,3029 Pacific Avenue
Long Beach, CA 90806,3029 Pacific Avenue
14
See all 14 photos
$1,375,000
Est. payment /mo
Save
4,361 Sqft Lot
New

3029 Pacific Avenue Long Beach, CA 90806

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Mon
30
Jun
Tue
1
Jul
Wed
2
Jul
Richard Combs

Richard Combs

Hunter & Maddox International Inc.

+1(619) 838-9307

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25142786

HOA Y/N No

Lot Size 4,361 Sqft

Property Sub-Type Res Income 2-4 Units

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 COEideal 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%.
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 COEideal 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 Long Beach (90806)

Zoning Assessor

Building

Story 2

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Monthly Total Fees $62

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

San Diego Regional MLS (SDMLS)
Listed by Naomi Yamagami Reed • Sage Real Estate Group, Inc.

GET MORE INFORMATION

agent

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Hunter & Maddox International Inc., including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

3029 Pacific Avenue

QUICK SEARCH
There are 24 quick searches