$3,800,000
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.
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Listed by Taylor Avakian with Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
Property Type
Residential Income
Status
Active
MLS Number
26643731
Year Built
1962
Lot Size
5,258 sq ft