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

Welcome to the charming region of Los Altos, nestled in the vibrant city of Long Beach, California. This delightful neighborhood is a hidden gem within Los Angeles County, offering a unique blend of suburban tranquility and urban convenience. With its tree-lined streets, friendly community atmosphere, and proximity to stunning beaches, Los Altos is an ideal place for families, professionals, and retirees alike.

Los Altos is known for its diverse selection of homes, and if you're looking for a property with an apartment subtype, you're in luck! The area boasts a variety of residences that cater to different lifestyles and needs. From cozy bungalows to spacious multi-family units, there’s something for everyone. Many of these homes feature modern amenities while retaining their classic charm, making them perfect for both investors and first-time homebuyers.

Living in Los Altos means enjoying easy access to local parks, shopping centers, and top-rated schools, ensuring a well-rounded lifestyle for all residents. The community is also just a short drive from the bustling downtown Long Beach, where you can explore a vibrant arts scene, indulge in diverse dining options, and take in the beautiful waterfront views.

Whether you're looking to invest in a multi-family property or find a comfortable home with an apartment for extended family or rental income, Los Altos offers an inviting atmosphere and a promising real estate market. Come discover the charm of this wonderful neighborhood and see why so many people choose to call Los Altos 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.