16 38th Place Long Beach, CA $ 3,800,000
16 38th Place
$ 3,800,000
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16 38th Place

Long Beach, CA, 90803
$ 3,800,000
Bedrooms10 Baths3.0 Sq 4,275

Monthly Estimate*

$ 23,397

Listed by Lyon Stahl Investment Real Estate, Inc.
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Multi-Family Home for sale in Long Beach, CA

for $3,800,000 with 10 bedrooms and 3 full baths. This 4,275 square foot home was built in 1962 on a lot size of 0.1207.

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.

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Multi-Family Active

Price

$ 3,800,000

Bedrooms

10

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1207

Year Built

1962

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

26643731

Days on Market

57

Features
General
Living Area 4275
Heating None
Cooling None
Zoning LBR4R
Year Built 1962
Levels Multi/Split
Gross Income 288150
County Los Angeles
Net Operating Income 209370
New Construction false
Property Type Residential Income
HOA false
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions At the end of 38th Pl
City Long Beach
Senior Community Y/N false
Number Of Units Total 7
MLS Area 1 - Belmont Shore/Park Naples Marina Pac Bay Hrbr
Lot Size Units Square Feet
Lot Size Square Feet 5257
Standard Status Active
Cap Rate 5.51
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Interior
Total Stories 0
Air Conditioning Y/N false
Heating Y/N false
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 10
Total Baths 8
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Exterior
Parking Features Assigned Controlled Entrance
Total Parking 10
Lot Size Area 5257
Number of Buildings 1
Building Area Total 4275
Lot Dimensions 50x105
Lot Size Acres 0.1207
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* Excluded Features
List By
Lyon Stahl Investment Real Estate, Inc.

Broker

taylor@lyonstahl.com

Email

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$23,397
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Monthly Principal & Interest
$23,397
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/7/2026$3,800,000 -2.56% Price Down
2/5/2026$3,900,000 Listed Price

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16 38th Place, Long Beach, CA, 90803 is a Multi-Family Home for sale at $3,800,000 with 4,275 sqft and a lot size of 0.1207. 16 38th Place has 10 bedrooms, 3.0 baths, and was built in 1962. The property's zip code is 90803 which is in Long Beach, CA