Los Altos, X-100 (34) Homes with Apartment Subtype

Los Altos, X-100 (34) Homes with Apartment Subtype

Welcome to Los Altos, a charming neighborhood nestled in the vibrant city of Long Beach, California. Known for its inviting atmosphere and rich community spirit, Los Altos is a hidden gem in Los Angeles County that offers a perfect blend of suburban tranquility and urban convenience.

Los Altos is characterized by its tree-lined streets, well-maintained parks, and friendly neighbors, making it an ideal place for families and young professionals alike. The area boasts a variety of amenities, including local shops, restaurants, and excellent schools, ensuring that residents have everything they need right at their fingertips. With its close proximity to the stunning beaches of Long Beach and easy access to major highways, commuting to nearby cities or enjoying a day by the ocean is a breeze.

One of the highlights of Los Altos is its diverse housing options, particularly its charming homes with apartment subtypes. These residences offer a unique opportunity for homeowners to enjoy the benefits of multi-family living while maintaining a sense of privacy. Whether you’re looking to invest in a property that generates rental income or seeking a spacious home with an additional unit for guests or family, Los Altos has something to suit every need.

With its friendly community, excellent amenities, and diverse housing options, Los Altos invites you to experience the best of Long Beach living. Discover your dream home in this delightful neighborhood and become part of a community that truly feels like home.

Newest Los Altos, X-100 (34) Homes with Apartment Subtype

$2,590,000
PW26197030 MLS ⋅ Active Status
Located in one of the most coveted, supply constrained submarkets in SoCal, 1720 Petaluma Ave is situated in East Long Beach, just 0.5mi from CSULB's campus. The property is a new construction, purpose built student housing opportunity consisting of two spacious, detached units on an oversized lot. Grossing $182,580 annually, 1720 Petaluma's units consist of a front house 7 bedroom/7 bath open floorplan unit, and a rear home 4 bedroom/4 bath unit with expansive 15ft ceilings and ample natural light. Both units benefit from high end appliances, luxury finishes, and ensuite, private bathrooms. Each unit has dedicated laundry machines, private patios, and a large back yard with a lounge area and spa for tenants' enjoyment. Given the lack of available CSULB student housing, these high-end, new construction units have had consistent, overwhelming rental demand. Additionally, each lease comes with parental co-signer guarantees, and tenants pay 100% of utilities. 1720 Petaluma is priced attractively at a 5% cap rate with another 13% in NOI upside. This opportunity provides access to a strong and steady renter base, a unique hedge against CA rent control, strong rental upside, and long term appreciation in an A+ location.

1720 Petaluma Ave, Long Beach
Start Your Search

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.