I've done a ton of tinkering with my 3400c, and currently am having fun installing Linux on it. Through my adventures with this thing, I've occasionally seen the stationary green light.
I'd recommend removing what's in the media bay, and any PCMCIA cards, unplugging all components and removing the battery.
Disconnect the unit from power and press the PMU reset button on the back, and hold it for several seconds.
Let the unit sit for about 10 minutes, just to be on the thorough side. Then reconnect the power cable (no battery/media bay necessary). What SHOULD happen is an immediate boot chime.
If the issue persists, you might try booting into open firmware:
Hold down Option + Apple + O + F, and press the power key on upper right of keyboard while holding these keys. Hold them down until you (hopefully) see a grayish-white screen.
If so, type these lines, return after each one:
init-nvram
set-defaults
reset-all
If all goes well, should reboot normally. If not, you may have a hardware issue on your hands. I'd try disassembling it and removing debris, looking for loose components or any point of failure, but if not you may require a new logic board. Luckily, either a 3400c or Kanga G3 board will work with these models if that's the case. (Only caviat is that the ram that originally came with some 3400c models will not work on the Kanga logic boards).