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3029 Pacific Avenue, 
Long Beach, CA 90806

$1,375,000


Bed


Bath


2,734

Sq Ft


Multi-Family

Active

Listed by

Naomi Yamagami Reed

Andrea Swann

Sage Real Estate Group, Inc.

Swann Investments

Last updated:

June 27, 2025, 01:56 PM

MLS#

CRPW25142786

Source:

CAMAXMLS

About This Home

3029 Pacific Avenue

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%.

Home Facts

Multi-Family

Built in 1955

Price Summary

1,375,000

$502 per Sq. Ft.

MLS #:

CRPW25142786

Last Updated:

June 27, 2025, 01:56 PM

Added:

3 day(s) ago


Rooms & Interior

Interior

Living Area:

2,734 Sq. Ft.


Structure

Structure

Building Area:

2,734 Sq. Ft.

Year Built:

1955


Lot

Lot Size (Sq. Ft):

4,361


Finances & Disclosures

Finances

Price:

$1,375,000

Price per Sq. Ft:

$502 per Sq. Ft.

MLS Logo
Bay East 2025. CCAR 2025 bridgeMLS 2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at June 27, 2025

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