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

Welcome to Los Altos, a vibrant neighborhood nestled in the heart of Long Beach, California. Known for its charming tree-lined streets and a strong sense of community, Los Altos offers a delightful blend of suburban tranquility and urban convenience. This area is perfect for families, young professionals, and anyone looking to enjoy the California lifestyle.

Los Altos is characterized by its diverse architecture, with homes that range from mid-century modern to contemporary designs. Many properties in the area feature the coveted apartment subtype, providing residents with the flexibility of multi-family living. These homes are ideal for those seeking rental income or simply wanting to share their space with family and friends. The spacious layouts often include separate entrances and private outdoor areas, allowing for a sense of independence while still being part of a close-knit community.

The neighborhood is also conveniently located near top-rated schools, parks, and shopping centers, making it easy to enjoy everything Long Beach has to offer. Whether you’re strolling through the lush expanses of El Dorado Park or savoring a meal at one of the local eateries, Los Altos is a place where you can truly feel at home.

With its welcoming atmosphere and an array of housing options, including homes with apartment subtypes, Los Altos is not just a place to live—it's a community to thrive in. Discover the charm of Los Altos today, and see why so many are proud to call this neighborhood their 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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