16 38th Pl

Long Beach, CA 90803

$3,800,000
Price
10
Beds
8
Baths
4,275 Sq. Ft.
$889 / Sq. Ft.
4,275
Sq. Ft.
$889
per Sq. Ft.
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Description

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...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.
  1. Listed by Taylor Avakian • DRE #02060040 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by Aaron Jacobson • DRE #02100737 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 16 38th Place

Zoning
LBR4R
Parcel Number
7256001023
Total Units
7.0
Living Area
4275
Source Living Area
Vendor Enhanced
Area
Belmont Shore/Park, Naples, Marina Pac, Bay Hrbr (1)
Vacancy Rate
100%
Lot Size Area
5257
LISTING UPDATED: 03/10/2026 08:06 AM

Property Details for 16 38th Place

StatusActive
MLS #26643731
Days on Market109
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.12 AC / 5,257 SF
CountyLos Angeles County
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Location

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Taylor Avakian, DRE #02060040; Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson, DRE #02100737
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Building Information for 16 38th Place

Stories-Residences-Year Built1962Building Size-Lot Size0.12 AC / 5,257 SF

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$22,506 per month

30 year fixed, 6.36% Interest

Principal and Interest

$18,936

Property Taxes

$3,570

HOA Dues

$0

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Property Information for 16 38th Place

Community / Development
Community / Development
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Mixed
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $297,000
  • Net Operating Income: $209,370.00
  • Gross Income: $288,150
  • Cap Rate: 5.51%
  • Gross Rent Multiplier: $12.79
  • Total Annual Expense: 78780
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1207
  • Lot Size Square Feet: 5257
  • Lot Size Dimensions: 50x105
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Assigned, Controlled Entrance
  • Total Parking: 10
  • Parking Features: Assigned, Controlled Entrance
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: None
  • Cooling Type: None
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 02-03-2026
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,500.00
  • Unit Actual Rent: $4,500.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $9,000.00
  • Unit Projected Rent: $9,000.00
  • Like Units: 3
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $12,000.00
  • Unit Projected Rent: $12,000.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,980,840.00
  • Assessed Improvement Percent: 60.84
  • Assessed Land Value: $1,275,000.00
  • Assessed Land Percent: 39.16
  • Assessed Total Value: $3,255,840.00

Property History for 16 38th Place

DateEvent & SourcePriceAppreciation
Mar 7, 2026

Price Change

CRMLS #26643731

$3,800,000—
Mar 7, 2026

Price Change

CLAW #26643731

$3,800,000—
Feb 1, 2026

Listed (Active)

CRMLS #26643731

$3,900,000—
DateEvent & SourcePrice
03/07/2026

Price Change

CRMLS #26643731

$3,800,000
03/07/2026

Price Change

CLAW #26643731

$3,800,000
02/01/2026

Listed (Active)

CRMLS #26643731

$3,900,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 16 38th Place

Taxable ValueLand$1,275,000Additions$1,980,840Total$3,255,840
Tax Record2025$42,836 ($3,570 / month)
Home Facts
Total Finished SqFt5,473 SqFtAbove Grade Finished SqFt5,473 SqFtLot Size5,257 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLBR4RCountyLOS ANGELESAPN7256-001-023

Schools near 16 38th Place

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Mann Elementary School
Public - K to 5
Jefferson Leadership Academies School
Public - 6 to 8
Wilson High School
Public - 9 to 12
IVA - Intellectual Virtues Academy Middle School
Charter - 6 to 8
Rating
School
Distance
Mann Elementary School
PublicK to 5

Jefferson Leadership Academies School
Public6 to 8

Wilson High School
Public9 to 12

IVA - Intellectual Virtues Academy Middle School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 16 38th Place, Long Beach, CA 90803

16 38th Place is a multi-family home for sale in Long Beach, CA 90803. This property was listed for sale on February 1, 2026 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $3,800,000. It has been on the market for a total of 109 days and was last sold on March 29, 2024. This listing's school district is Long Beach Unified School District. Nearby schools include Mann Elementary School, Jefferson Leadership Academies School and Wilson High School. 16 38th Place is a 10-bed, 8-bath, 4,275 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Taylor Avakian, DRE #02060040; Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson, DRE #02100737

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. 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. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.