Property Detail

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 you’re 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 escrow—ideal 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 meters, and LBR2N zoning, this is a well-located, low-maintenance asset in a high-demand rental submarket-with the hard work already done. Reach out for details and Lender Referral for 20% Down DSCR loan. OM (Full Investment Package) available upon request.