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  • 16 38Th Place

16 38th Place, Long Beach, CA 90803

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

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Photo of Scott Waid

Scott Waid REALTOR® - Sales Associate 858-945-4004 m
858-683-8071 o
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com Text Me
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Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com Rancho Bernardo Office
16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
Phone: 858-487-3520
Fax: 858-451-0932
 Rancho Bernardo 16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
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Fax: 858-451-0932
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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): 139

 Find more Long Beach homes and real estate

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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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Photo of Scott Waid

Scott Waid REALTOR® - Sales Associate 858-945-4004 m
858-683-8071 o
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com Text Me
Call My Cell
Call My Office
Lic#: 01338684
NRDS ID: 196519114
Swaid3@san.rr.com
Rancho Bernardo Office
16969 Bernardo Center Drive, Suite 100
San Diego, CA 92128
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