16 38th Place, Long Beach, CA 90803

Local realty services provided by:Nelson Shelton Real Estate ERA Powered
16 38th Place,Long Beach, CA 90803
$3,900,000
  • 10 Beds
  • 8 Baths
  • 4,275 sq. ft.
  • Multi-family
  • Active
Listed by: taylor avakian, aaron jacobson
Office: lyon stahl investment real estate, inc.
MLS#:26643731
Source:CRMLS

Price summary

  • Price:$3,900,000
  • Price per sq. ft.:$912.28

About this home

The Group CRE and Jacobson Investments of Lyon Stahl presents 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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Home facts

  • Year built:1962
  • Listing ID #:26643731
  • Added:1 day(s) ago
  • Updated:February 04, 2026 at 03:31 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:$3,900,000
  • Price per sq. ft.:$912.28
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