16 38th Place Long Beach, CA $ 3,900,000
16 38th Place
$ 3,900,000
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16 38th Place

Long Beach, CA, 90803
$ 3,900,000
Bedrooms10 Baths3.0 Sq 4,275

Monthly Estimate*

$ 24,013

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

for $3,900,000 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, a seven-unit multifamily investment located in a desirable coastal Long Beach rental pocket. Built in 1962, the property offers a rare opportunity to acquire an all-vacant asset, allowing a buyer to immediately execute lease-up, set market rents, and establish predictable cash flow without waiting for tenant turnover. The offering benefits from a durable 1BD / 2BD unit mix, an above-average parking ratio with 10 on-site spaces, and additional ancillary income potential. This is a clean stabilization-driven opportunity with clear NOI growth and long-term hold appeal. Contact the listing team for the Offering Memorandum, financials, and tour details.

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Multi-Family Active

Price

$ 3,900,000

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

8

Features
General
Living Area 4275
Heating None
Cooling None
Zoning LBR4R
Year Built 1962
Levels Multi/Split
Gross Income 296700
County Los Angeles
Net Operating Income 216260
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 5.55
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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

Affordability Calculator

$24,013
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$24,013
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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
2/4/2026$3,900,000 Listed Price

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16 38th Place, Long Beach, CA, 90803 is a Multi-Family Home for sale at $3,900,000 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