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

Welcome to the vibrant community of Los Altos in Long Beach, California—a neighborhood that effortlessly blends suburban charm with urban convenience. Nestled in the heart of Los Angeles County, Los Altos is renowned for its tree-lined streets, well-maintained parks, and a strong sense of community, making it an ideal place for families, young professionals, and retirees alike.

Los Altos boasts a diverse array of homes, including a significant number of properties with apartment subtypes. These homes offer an excellent opportunity for those seeking to invest in rental properties or those who desire the flexibility of multi-generational living. Many of these residences feature spacious layouts, modern amenities, and private outdoor spaces, ensuring comfort and convenience for all residents.

The neighborhood is also a stone's throw away from popular attractions, including the Long Beach Museum of Art, the beautiful coastline, and a variety of shopping and dining options. With excellent schools and a plethora of recreational activities, Los Altos is not just a place to live—it’s a community where you can thrive.

Whether you’re looking to purchase your first home, invest in a rental property, or find a cozy apartment, Los Altos offers a unique blend of options that cater to a variety of lifestyles. Experience the charm and convenience of this delightful neighborhood, where your dream home awaits! Explore the possibilities in Los Altos and discover why so many are proud to call this area 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

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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.