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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 diverse 1BD / 2BD unit mix, an above-average parking ratio with 10 on-site spaces, and additional ancillary income potential through parking and laundry operations. 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.
Property Type(s):
Residential Income
| Last Updated | 3/7/2026 | Year Built | 1962 |
|---|---|---|---|
| Community | 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr | County | Los Angeles |
Price History
| Prior to Mar 7, '26 | $3,900,000 |
|---|---|
| Mar 7, '26 - Today | $3,800,000 |
Additional Details
| AIR | None |
|---|---|
| AREA | 1 - Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr |
| HEAT | None |
| LOT | 5258 sq ft |
| LOT DIMENSIONS | 50x105 |
| PARKING | Assigned |
| STORIES | Split/Multi Level |
Location
Contact us about this Property
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Listed with Lyon Stahl Investment Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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