714-745-2708

16 38th Place, Long Beach, CA 90803

$3,800,000 Approx. USD 10 beds, 8 baths
4,275 sqft

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Taylor Avakian | taylor@lyonstahl.com
Lic#: 02060040
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.
Phone: 916-996-4421

Co Listing Agent

Aaron Jacobson | aaron@lyonstahl.com
Lic#: 02100737
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.
Phone: 310-729-1559

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26643731

List price is $3,800,000 Reduced by $100,000 on 3/7/2026

Price: $3,800,000

Beds: 10

Baths: 8

Built in 1962

4,275 sqft

0.12 acres

Lot size: 0.1207

County: Los Angeles

Zoning: LBR4R

Parking description: Assigned,Controlled Entrance

Heating/cooling: None

Heating description: None

MLS area: 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr

Last Updated: 6/11/2026

Days On Market (DOM): 143

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This listing belongs to the 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr MLS area

Lat/Long: 33.759610, -118.148442.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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