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

Welcome to Los Altos, a vibrant neighborhood nestled in the heart of Long Beach, California. Renowned for its family-friendly atmosphere and diverse community, Los Altos offers a unique blend of suburban charm and urban convenience. With tree-lined streets, well-maintained parks, and an array of local shops and eateries, this area is a haven for those seeking a balanced lifestyle.

Los Altos is particularly appealing for homebuyers looking for properties with an apartment subtype. Many homes in this region feature spacious layouts, allowing for versatile living arrangements—perfect for extended families or those seeking rental income opportunities. The architectural styles are varied, from classic mid-century designs to modern updates, ensuring there’s something to suit every taste.

Residents enjoy easy access to top-rated schools, making it an ideal location for families. The neighborhood is also conveniently located near major highways, providing seamless connectivity to downtown Long Beach, the beach, and beyond. Outdoor enthusiasts will appreciate the proximity to parks like El Dorado Park, which offers trails, playgrounds, and picnic areas.

In Los Altos, you’ll find a strong sense of community, with regular events and activities that bring neighbors together. Whether you’re strolling through the local farmer’s market or enjoying a weekend at the nearby beach, this area is brimming with opportunities for connection and enjoyment.

Discover the charm of Los Altos and explore the diverse range of homes available, including those with apartment subtypes, where you can create the perfect living space tailored to your needs. Welcome 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.