16 38th Place, Long Beach, CA 90803

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
16 38th Place,Long Beach, CA 90803
$3,800,000
  • 10 Beds
  • 8 Baths
  • 4,275 sq. ft.
  • Multi-family
  • Active
Listed by: taylor avakian, aaron jacobson
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26643731
Source:CRMLS

Price summary

  • Price:$3,800,000
  • Price per sq. ft.:$888.89

About this home

16 38th Pl | 7-Unit Multifamily in Coastal Long Beach. Built in 1962, the property totals 5,473 SF and presents a rare opportunity to acquire a seven-unit asset delivered 100% vacant, allowing a new owner to immediately execute a full lease-up strategy and establish a clean market-based rent roll from day one. The offering features a desirable unit mix of (4) one-bedroom / one-bath units and (3) two-bedroom / one-bath units, supported by 10 on-site parking spaces that create additional ancillary income potential. Underwritten market rents average approximately $3,536 per unit, supporting a projected stabilized NOI of roughly $209K annually. Offered at $3,800,000 ($542,857/unit | $694.32/SF) with a 5.51% cap rate and 12.79 GRM, the asset provides investors a clear path to stabilization and long-term value creation in a highly desirable coastal Long Beach rental corridor.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1962
  • Listing ID #:26643731
  • Added:99 day(s) ago
  • Updated:May 14, 2026 at 10:41 AM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:8
  • Living area:4,275 sq. ft.

Structure and exterior

  • Year built:1962
  • Building area:4,275 sq. ft.
  • Lot area:0.12 Acres

Finances and disclosures

  • Price:$3,800,000
  • Price per sq. ft.:$888.89

Parking

  • Total parking spaces:10
  • Parking description:Assigned, Controlled Entrance
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). Better Homes and Gardens Real Estate Wine Country Group is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Better Homes and Gardens Real Estate Wine Country Group, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

New listings near 16 38th Place