3029 Pacific Ave Long Beach, CA 90806
North Wrigley NeighborhoodEstimated payment $8,218/month
Total Views
3,549
6
Beds
4
Baths
2,734
Sq Ft
$488
Price per Sq Ft
Highlights
- No HOA
- Laundry Room
- 5-minute walk to Veterans Park
- Hughes Middle School Rated A-
- Turnkey
About This Home
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.
Listing Agent
Sage Real Estate Group, Inc. Brokerage Phone: 310-803-7662 License #01887689 Listed on: 06/25/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,328
Year Built
- Built in 1955
Lot Details
- 4,361 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Home Design
- Quadruplex
- Turnkey
- Cosmetic Repairs Needed
Interior Spaces
- 2,734 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
- Parking Available
- Driveway
- Paved Parking
- Parking Lot
Location
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 23 / 13
- Tax Tract Number 3636
- Assessor Parcel Number 7206009032
- $744 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
- Wrigley Area Subdivision
Building Details
- Rent Control
- 4 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $4,000
- Maintenance Expense $3,000
- Other Expense $17,188
- Pest Control $720
- Operating Expense $25,408
- Gross Income $98,754
- Net Operating Income $73,346
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $11,328 | $868,733 | $521,240 | $347,493 |
| 2024 | $11,328 | $851,700 | $511,020 | $340,680 |
| 2023 | $9,501 | $703,800 | $377,400 | $326,400 |
| 2022 | $2,826 | $177,102 | $58,216 | $118,886 |
| 2021 | $2,540 | $173,630 | $57,075 | $116,555 |
| 2019 | $2,505 | $168,482 | $55,383 | $113,099 |
| 2018 | $2,357 | $165,180 | $54,298 | $110,882 |
| 2016 | $2,160 | $158,768 | $52,191 | $106,577 |
| 2015 | $2,080 | $156,385 | $51,408 | $104,977 |
| 2014 | $2,077 | $153,322 | $50,401 | $102,921 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2025 08/04/25 | Price Changed | $1,335,000 | -2.9% | $488 / Sq Ft |
| 06/25/2025 06/25/25 | For Sale | $1,375,000 | +99.3% | $503 / Sq Ft |
| 06/21/2022 06/21/22 | Sold | $690,000 | -4.8% | $329 / Sq Ft |
| 05/14/2022 05/14/22 | Pending | -- | -- | -- |
| 05/12/2022 05/12/22 | Price Changed | $725,000 | -8.8% | $345 / Sq Ft |
| 05/11/2022 05/11/22 | For Sale | $795,000 | 0.0% | $379 / Sq Ft |
| 05/05/2022 05/05/22 | Pending | -- | -- | -- |
| 04/30/2022 04/30/22 | For Sale | $795,000 | +15.2% | $379 / Sq Ft |
| 04/29/2022 04/29/22 | Off Market | $690,000 | -- | -- |
| 04/13/2022 04/13/22 | For Sale | $795,000 | 0.0% | $379 / Sq Ft |
| 03/31/2022 03/31/22 | Pending | -- | -- | -- |
| 03/26/2022 03/26/22 | For Sale | $795,000 | -- | $379 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Pacific Coast Title Company | |
| Grant Deed | -- | Accommodation/Courtesy Recordi | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Commonwealth Title | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $128,000 | Credit Line Revolving | |
| Previous Owner | $430,000 | New Conventional | |
| Previous Owner | $400,000 | Purchase Money Mortgage | |
| Previous Owner | $300,000 | Unknown |
Source: Public Records
Similar Homes in Long Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25142786
APN: 7206-009-032
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