16 38th Place, Long Beach, CA 90803

$3,192,000

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Sold Price
$3,192,000
List Price
$3,499,000
Closing Date
Mar 29, 2024
Status
CLOSED
MLS#
PW24000724
Year Built
1962
Lot Size
5,257
Acres
0.12
Lot Location
No Landscaping, Near Public Transit, Rectangular Lot
Days on Market
50
Property Type
Multifamily
Property Sub Type
Apartment
Neighborhood
Belmont Shore (Bsd)

Property Description

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.

Additional Information

Pool Description
None
Garage Spaces Total
4
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
7
Gross Scheduled Income
$186,120

Listing courtesy of Listing Agent: Spencer Pabst (spabst@pabstkinney.com) from Listing Office: Pabst, Kinney & Associates.

Listing sold by Lawrence Cech from Keller Williams Coastal Prop.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.