Unlocking Potential in Growing Communities

In today’s competitive real estate market, it can be challenging to find a property that balances affordability, location, and potential for growth. But savvy buyers know that the best investments are often hidden in plain sight. The key? Spotting properties with untapped potential in rising neighborhoods—and that’s exactly what you’ll find at 731 W 31st St in Long Beach.

This 3-bedroom, 1-bath home, located in the rapidly appreciating Wrigley neighborhood, isn’t just a house; it’s a canvas bursting with possibilities. Priced at an entry-level point that’s increasingly rare in Southern California, this property offers a unique opportunity to break into the market while setting yourself up for long-term equity growth.

Here’s why this should be on your radar:

• Entry-Level Pricing with Upside Potential: Buy now at an affordable price and build equity fast by making strategic updates.
• Rising Neighborhood with High Demand: Wrigley is quickly becoming one of Long Beach’s most sought-after areas, with home values appreciating 2.4% over the past year.
• Customizable Space: While this home needs some TLC, that’s exactly what makes it so appealing.
• Design it your way and add value without paying a premium for someone else’s style choices.

If you’ve been looking for a smart investment or the perfect starter home, 731 W 31st St offers all the ingredients for success. Whether you’re a first-time buyer, an investor looking for rental income, or someone seeking a customizable living space, this property has something for everyone.

Ready to learn more? Let’s dive into why this opportunity shouldn’t be overlooked.

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Why Wrigley is a Neighborhood to Watch for Equity Growth

The Wrigley neighborhood has been steadily gaining attention, and for good reason:

• Home Value Appreciation: As of January 2025, the average home value in Wrigley is $813,379, reflecting a 2.4% increase over the past year. This steady appreciation makes buying now an even smarter choice.
• Rising Rent Prices: With the median rent in Wrigley at $1,968—a whopping 51% higher than the national average—it’s clear that demand is strong, driving both rental and property values upward.

In today’s competitive real estate market, it can be challenging to find a property that balances affordability, location, and potential for growth. But savvy buyers know that the best investments are often hidden in plain sight. The key? Finding properties with untapped potential in growing communities—and that’s exactly what you’ll find at 731 W 31st St in Long Beach.

This 3-bedroom, 1-bath home, located in the rapidly appreciating Wrigley neighborhood, isn’t just a house; it’s a canvas bursting with possibilities. Priced at an entry-level point that’s increasingly rare in Southern California, this property offers a unique opportunity to break into the market while setting yourself up for long-term equity growth.

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Community Powerhouse: Wrigley City Association

One of the strongest indicators of a neighborhood’s growth and long-term potential is the strength of its community organizations. Wrigley is backed by the influential Wrigley Association, the oldest community organization in Long Beach. As a 501(c)(4) non-profit, the association is dedicated to:

• Promoting Neighborhood Pride and Civic Responsibility: Through regular community events and meetings, the association fosters a sense of belonging and cooperation among residents, property owners, and local businesses.
• Advocacy and Community Improvements: The Wrigley Association actively engages in public safety initiatives, supports new development, and advocates for infrastructure improvements.
• Commercial Revitalization Efforts: The organization collaborates with local businesses to enhance the neighborhood’s commercial appeal, making it a vibrant place to live and invest.

Monthly Meetings:
The association holds meetings on the first non-holiday Monday of each month at 7:00 PM at the Veterans Park Social Hall, located at 101 E 28th St, Long Beach, CA 90806. These gatherings are open to all community members, making it an excellent opportunity to get involved and stay informed about neighborhood developments.

Why This Matters for Buyers:
The strength of a community organization like the Wrigley Association is a positive indicator of long-term neighborhood stability and growth. Active community advocacy often leads to infrastructure improvements, enhanced public safety, and increased property values—all essential factors for real estate investors.

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Exciting Commercial Development on the Horizon

Investing in a neighborhood isn’t just about the home itself—it’s about the surrounding community and what’s on the horizon. Wrigley is poised for growth with several commercial development projects planned, including:

• Wrigley Business Improvement District (BID):
  The City of Long Beach is exploring the creation of a Business Improvement District (BID) in the Wrigley business corridor. This initiative is designed to:

  • Enhance Commercial Areas: By pooling resources, local businesses can fund public safety initiatives, beautification efforts, and community events, making the area more attractive to residents and visitors.
  • Boost Property Values: Improved commercial spaces increase foot traffic and demand, positively impacting nearby residential property values.
  • Strengthen Community Ties: By supporting local businesses, the BID fosters a vibrant neighborhood economy.

• Wrigley Heights River Park Project:
  With $19.3 million in grant funding secured, this ambitious project will:

  • Restore approximately six acres of land for a new park, increasing green space and recreational opportunities.
  • Attract Families and Outdoor Enthusiasts: Parks and recreational facilities are highly desirable for homebuyers, increasing demand in the area.
  • Enhance Neighborhood Appeal: Green spaces boost community well-being and are known to positively impact surrounding property values.

• Wrigley Greenbelt Project:
  Completed in May 2023, this $3.82 million project:

  • Expanded green spaces and pedestrian trails, promoting an active lifestyle.
  • Enhanced neighborhood aesthetics, making Wrigley even more appealing to potential buyers and renters.
  • Strengthened community connections by providing beautiful public spaces for residents to gather and engage.

Why This Matters for Buyers:
Commercial revitalization and infrastructure improvements are significant growth drivers in real estate. Investing in 731 W 31st St now allows you to benefit from these developments as they enhance the neighborhood’s desirability and value. As demand increases, property values are expected to rise, making this an ideal investment opportunity.

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Close to Parks, Greenbelt, and Schools

Location is everything in real estate, and 731 W 31st St checks all the boxes. This home is conveniently situated near some of the area’s best amenities:

• Walking Distance to Parks and Greenbelt: Enjoy the natural beauty of the Wrigley Greenbelt and the nearby Wrigley Heights River Park with scenic bike and walking paths, equestrian trails, and picnic areas.
• Family-Friendly Schools: Zoned for highly regarded schools within the Long Beach Unified School District, including:
  • Birney Elementary School (Grades K-5)
  • Hughes Middle School (Grades 6-8)
  • Long Beach Polytechnic High School (Grades 9-12, renowned for its rigorous academic programs and standout athletics)
• Convenient Access to Shopping and Dining: Close to local shops, popular dining and coffee spots, and the local library.
• Easy Commuter Access: Quick access to the 405 and 710 Freeways and only minutes from Long Beach’s beaches, vibrant downtown, and the airport.

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Unlock Up to $15,000 in Homebuyer Assistance!

If you’re looking to buy a home, you may qualify for an exclusive homebuyer grant—offering up to $10,000 to cover closing costs or a $15,000 forgivable loan that covers both closing costs and your down payment! No repayment, no second lien—this is a true grant, not a loan, and something most lenders don’t have access to.

In today’s market, every buyer wants the best deal possible. This unique program can help make homeownership more affordable for you, reducing out-of-pocket costs so you can focus on finding the perfect home.

There is a private, non-governmental grant program being offered by Arbor Financial to promote homeownership in historically underserved areas—available in select census tracts across specific California counties.

Want to see if you qualify? Contact the Arbor Financial Group, Jason Barlow, MS, MBA – Mortgage Advisor, Mobile: 760-566-8829, Email: [email protected]

Veteran, U.S. Army – 2/75 Ranger Regiment
NMLS 1368625 CA DRE 02103439 CO MLO.100515798 AZ LO-1043885
Arbor NMLS 236669 DRE 01845041
1805 E Garry Ave, Santa Ana, CA 92705

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The Makings of a Smart Investment 

This 3-bedroom, 1-bath home offers 1,007 sq ft of living space on a 4,950 sq ft lot. It’s a canvas ready for your vision, with hardwood floors, a cozy living room with a fireplace, and a spacious backyard with ADU potential. Whether you’re looking to build equity, create a customized dream home, or invest in a rental property, this home is a strategic choice.

Location Perks:

• Walking distance to Birney Elementary
• Close to newly renovated Wrigley River Park
• Just 3 city blocks from Wrigley Heights Dog Park
• Quick access to the 405 and 710 Freeways
• Minutes away from Long Beach’s stunning beaches, vibrant downtown, and the airport

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A Unique Opportunity for a Wide Range of Buyers

Whether you’re a first-time homebuyer, a savvy investor, or someone looking to downsize or upsize, this property offers something for everyone. Here’s why it appeals to a broad spectrum of buyers:

• First-Time Buyers: Affordably priced and eligible for various financing options, this home offers an accessible entry point into a desirable neighborhood.
• Investors: With ADU potential in the detached garage and increasing rental demand in Long Beach, this property is perfect for those looking to add to their portfolio.
• Downsizers or Upsizers: The single-story layout and cozy size make it ideal for those looking to simplify, while the spacious lot provides room for future expansions (adding on) and/or outdoor entertainment areas (future pool/outdoor living spaces?).

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Unleash the Potential: A Home Ready for Your Vision

This home is brimming with potential and waiting for your personal touch. While it may need some updating, this provides the perfect opportunity to design and customize to your tastes without paying a premium for someone else’s renovations. Imagine the possibilities:

• Modernize and Personalize: Choose your finishes, paint colors, and design layout to create a home that is uniquely yours.
• Value-Add Opportunity: By investing in smart updates, you can build instant equity in a neighborhood with rising property values.
• Income Potential: With a detached two-car garage that could be converted into an Accessory Dwelling Unit (ADU), this property offers the flexibility to generate rental income or create a private guest suite.

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The Numbers Speak for Themselves: Rent vs. Buy

Let’s break down the financials to showcase the value of this investment*:

Buying Scenario:

• Sale Price: $715,000
• Down Payment: $20,000
• Interest Rate: 6.5% (30-year fixed)
• Monthly Mortgage Payment (Including Taxes & Insurance): ~$4,870
• Equity Growth Potential: With home values in Wrigley appreciating at 2.4% over the past year, this property isn’t just a place to live—it’s an investment with potential for significant equity growth.

Renting Scenario:

• Comparable Rent in Wrigley: ~$3,500/month
• Annual Rent Payments/Paying someone else’s mortgage: ~$42,000 with ZERO investment upside
• Equity Growth: $0

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The Bottom Line: Don’t Overlook This Opportunity

In a competitive market, homes that need updates are often overlooked—but they shouldn’t be. 731 W 31st St represents a rare chance to buy into a rising neighborhood at an entry-level price. With strong equity growth potential, the ability to customize your space, and exciting community developments on the horizon, this property is truly an opportunity not to be missed.

Whether you’re looking for a family home, an investment property, or a place to design your dream space, this home offers the flexibility and potential to make it all possible.

Ready to see the potential for yourself? Contact us today!