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

Welcome to the vibrant community of Los Altos, nestled in the heart of Long Beach, California! This charming neighborhood is a delightful blend of suburban tranquility and urban convenience, making it an ideal place for families, young professionals, and retirees alike. Known for its tree-lined streets and welcoming atmosphere, Los Altos offers a unique lifestyle that captures the essence of Southern California living.

Los Altos boasts a diverse array of homes, including a selection of apartments that cater to various needs and preferences. Whether you’re seeking a cozy one-bedroom apartment or a spacious multi-bedroom unit, the options here are designed to suit your lifestyle. Many of these homes come equipped with modern amenities and are situated in well-maintained complexes, providing residents with comfort and convenience.

The neighborhood is also rich in community spirit, with local parks, schools, and shopping centers just a stone's throw away. Enjoy leisurely strolls in nearby parks, where children can play and neighbors can connect. The vibrant Long Beach community is just minutes away, offering a plethora of dining, entertainment, and cultural experiences.

Residents of Los Altos appreciate the balance of peaceful living and easy access to the bustling city life. With its ideal location in Los Angeles County, you can enjoy the best of both worlds—serene suburban living with the excitement of city amenities at your doorstep. Discover your dream apartment in Los Altos today and experience the charm of this wonderful community!

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.