16 38th Pl, Long Beach, CA 90803
16 38th Pl, Long Beach, CA 90803
16 38th Pl, Long Beach, CA 90803
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Ever Banuelos

Ever Banuelos

+1(323) 833-9824
$3,800,000
Est. payment /mo
10 Beds
8 Baths
4,275 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,275 sqft

Price per Sqft $888

MLS Listing ID 26643731

Bedrooms 10

Year Built 1962

Lot Size 5,257 Sqft

Acres 0.1207

Property Sub-Type Multi-Family

Property 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 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.

Location

State CA

County Los Angeles

Area Belmont Shore, Belmont Park, Naples

Zoning LBR4R

Rooms

Other Rooms Other

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features Assigned, Controlled Entrance

Garage Spaces 10.0

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

Nearby Locations

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Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

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