NOT LISTED FOR SALE

16 38th Place Long Beach, CA 90803

Belmont Heights Neighborhood
10 Beds
7 Baths
5,473 Sq Ft
5,257 Sq Ft Lot

Last Sold March 29, 2024

Last sale price $3,192,000 $583 Per Sq Ft

50 Days on Market

Highlights

  • Property is near public transit
  • Laundry Room
  • Rectangular Lot
  • Woodrow Wilson High School Rated A

About This Home

As of March 2024

Rare opportunity to own a true pride of ownership building with unparalleled location in Belmont Shore. This 7 unit building consists of 5,473 rentable SF and features (3) 2 bed | 1 Bath units, and (4) 1 Bed | 1 Bath units. Expansive Pacific Ocean views from 3 of the 7 units. One of the 2 bedroom units is a two story owner’s unit with stunning ocean views and a wrap around balcony. Ample Parking with 1 tandem 2 car garage, 2 single car garages and 6 surfaces spaces. First time on the market in 45 years. Tons of upside in the rents. Walking Distance to Long Beach Memorial Pier, The Beach and Bluff Park. Within 1 Mile of the abundance of Retail, Dining & entertainment Options at Belmont Shore’s Famous 2nd Street.

Last Agent to Sell the Property

Spencer Pabst

Pabst, Kinney & Associates Brokerage Phone: 562-884-6875 License #01849377 Listed on: 01/03/2024

Last Buyer's Agent

Lawrence Cech

Keller Williams Coastal Prop. License #02211873

Keller Williams Coastal Prop.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 5,257 Sq Ft Lot
  • Two or More Common Walls
  • No Landscaping
  • Rectangular Lot

Parking

  • 6 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Apartment
  • Entry on the 2nd floor

Interior Spaces

  • 5,473 Sq Ft Home
  • 3-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Location

  • Property is near public transit

Listing and Financial Details

  • Legal Lot and Block 1 / 250
  • Tax Tract Number 5772
  • Assessor Parcel Number 7256001023
  • $1,329 per year additional tax assessments

Community Details

Overview

  • 7 Units
  • Belmont Shore Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Gross Income $15,510
  • Net Operating Income $186,120

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Belmont Shore (BSD)
  • Zoning: LBR4R
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7256001023
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Stories: 3
  • Common Walls: 2+ Common Walls
  • Entry Level: 2
  • Price Per Square Foot: 583.23

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot, Near Public Transit, No Landscaping
  • Lot Size Sq Ft: 5257.00
  • Lot Size Acres: 0.1207

Multi Family

  • Gross Income: 15510.00
  • Gross Scheduled Income: 186120.00
  • Lot Size Area: 5257.0000 Square Feet
  • Net Operating Income: 186120.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 7
  • Rent Control: No
  • Total Actual Rent: 15510.00

Tax Info

  • Tax Block: 250
  • Tax Census Tract: 5772.00
  • Tax Lot: 1
  • Tax Tract Number: 5772
  • TaxOtherAnnualAssessmentAmount: 1329.00

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2024 03/29/24 Sold $3,192,000 -8.8% $583 / Sq Ft
02/22/2024 02/22/24 Pending -- -- --
01/03/2024 01/03/24 For Sale $3,499,000 -- $639 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Spencer Pabst

    Seller's Agent in 2024

    Spencer Pabst

    Pabst, Kinney & Associates

    (562) 884-6875

    5 in this area

    52 Total Sales

    Spencer Pabst
    Section Image

  • L

    Buyer's Agent in 2024

    Lawrence Cech

    Keller Williams Coastal Prop.

    (215) 519-8300

    1 in this area

    18 Total Sales

    Lawrence Cech
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24000724

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90803 Belmont Heights

16 38th Place, Long Beach, CA

Not Listed for Sale

MultiFamily

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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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