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$ 1,195,000
Est. payment | /mo
6 Beds
4,361 Sqft Lot
$ 1,195,000
Est. payment | /mo
6 Beds
4,361 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Wrigley Heights (Wh)
MLS Listing ID PW25142786
Bedrooms 6
Lot Size 4,361 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
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 Beachs 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 Wrigleys more desirable pocketsknown for larger lots, higher owner occupancy, and proximity to Bixby Knolls, Virginia Country Club, and the 405 Freeway. The propertys proximity to Pacific Hospital of Long Beach, Memorial Medical Center, and multiple transit optionsincluding the Metro A Line (Wardlow & Willow stations) and Bus Line 182enhances 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 escrowideal 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 orig
Location
State CA
County Los Angeles
Zoning Assessor
Direction Near at the corner of W Spring St and Pacific Ave.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7206009032
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Naomi Yamagami Reed Sage Real Estate Group, Inc.