$3,800,000
-$100,00016 38th Place, Long Beach CA 90803
Multi-Family (7 Units)
Property type
122 days
On market
$889
Price per sqft
N/A
Garage
1962
Year built
5,257 sqft
Lot size
Open Houses
Overview
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 /...
Listing provided by: Taylor Avakian DRE #02060040 916-996-4421, Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson DRE #02100737 310-729-1559, Lyon Stahl Investment Real Estate, Inc.
Listing updated: Mar 10, 2026 at 03:12pm.
Last checked: Jun 5, 2026 at 02:30am
Source: CRMLS #26643731
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $4,500 | $4,500 | $4,500 | Unfurnished |
| 3 | 1 | 1 | — | $3,000 | $9,000 | $9,000 | Unfurnished |
| 3 | 2 | 1 | — | $4,000 | $12,000 | $12,000 | Unfurnished |
# of Buildings: 1
# of Units Total: 7
Financial Snapshot
Gross Rent Multiplier
13.2x
List Price / Annual Gross Rent
Cap Rate
5.51%
NOI / List Price
Net Operating Income: $209,370
Interior
Cooling: None
Heating: None
Exterior
Stories Total: 0
Levels: Multi Split
Garage and Parking
Parking: Assigned, Controlled Entrance
Parking Total: 10
Lot Information
Land Lease: No
Parcel #: 7256001023
Zoning: LBR4R
Lot Size Dimensions: 50x105
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 16 38th Place, Long Beach, CA 90803. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$3,040,000
Total Interest
$3,877,352
Total Payment
$6,917,352
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$23,323
per month
Property History for 16 38th Place
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90803.
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