$3,900,000

16 38th Place Long Beach, CA 90803

Belmont Heights Neighborhood

Estimated payment $21,389/month

Total Views 756
10 Beds
8 Baths
4,275 Sq Ft
$912 Price per Sq Ft

About This Home

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.

Listing Agent

Taylor Avakian

Lyon Stahl Investment Real Estate, Inc. License #02060040 Listed on: 02/01/2026

Lyon Stahl Investment Real Estate, Inc.

Co-Listing Agent

Aaron Jacobson

Lyon Stahl Investment Real Estate, Inc. License #02100737

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 5,257 Sq Ft Lot
  • Lot Dimensions are 50x105

Home Design

  • 4,275 Sq Ft Home
  • Split Level Home

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Parking

  • 10 Parking Spaces
  • Assigned Parking
  • Controlled Entrance

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 7256-001-023

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 4275
  • Lot Acreage: 0.1207
  • Lot Dimensions: 50x105
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 10
  • Total Bathrooms: 8.00
  • Price Per S Q F T: 912.28

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Assigned, Controlled Entrance
  • Total Parking: 10

Lot Info

  • Assessed Improvement Percent: 60.84
  • Assessed Improvement Value: 1980840
  • Assessed Land Percent: 39.16
  • Assessed Land Value: 1275000
  • Total Assessed Value: 3255840
  • Assessor Parcel Number: 7256-001-023
  • Lot Size Area: 5257

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 12.75
  • Number Of Units: 7
  • Type Of Units: Mixed

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,641 $3,255,840 $1,275,000 $1,980,840
2024 $13,641 $992,869 $333,085 $659,784
2023 $13,401 $973,402 $326,554 $646,848
2022 $12,597 $954,316 $320,151 $634,165
2021 $12,313 $935,605 $313,874 $621,731
2019 $12,134 $908,106 $304,565 $603,541
2018 $11,774 $890,306 $298,594 $591,712
2016 $10,817 $855,496 $287,000 $568,496
2015 $10,395 $842,646 $282,689 $559,957
2014 $10,347 $826,141 $277,152 $548,989
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2026 02/01/26 For Sale $3,900,000 +22.2% $912 / Sq Ft
03/29/2024 03/29/24 Sold $3,192,000 -8.8% $583 / Sq Ft View Prior Sale
02/22/2024 02/22/24 Pending -- -- --
01/03/2024 01/03/24 For Sale $3,499,000 -- $639 / Sq Ft
Source: The MLS

Source: The MLS

MLS Number: 26643731

The MLS
California Los Angeles County Long Beach 90803 Belmont Heights

16 38th Place, Long Beach, CA

For Sale

MultiFamily

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The MLS © 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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Taylor Avakian
Listing Agent
Taylor Avakian
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Lyon Stahl Investment Real Estate, Inc.
(562) 662-3721