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

Welcome to Los Altos, a vibrant and inviting 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 an exceptional quality of life that appeals to families, young professionals, and retirees alike. With its prime location in Los Angeles County, residents enjoy easy access to the best that Southern California has to offer, from beautiful beaches to bustling urban amenities.

Los Altos is characterized by its diverse architectural styles, featuring a delightful mix of single-family homes and multifamily residences, including apartments. This area is particularly appealing for those seeking homes with apartment subtypes, providing a perfect opportunity for multi-generational living or rental income. The spacious layouts and modern amenities found in these homes cater to a variety of lifestyles, making them ideal for anyone from first-time homebuyers to seasoned investors.

Residents of Los Altos take pride in their neighborhood, which boasts well-maintained parks, excellent schools, and a plethora of shopping and dining options. Whether you're strolling through the local farmer's market, enjoying a day at El Dorado Park, or savoring a meal at one of the many nearby restaurants, there's always something to do in this lively community.

With its rich blend of residential options, community spirit, and convenient location, Los Altos stands out as a fantastic place to call home. Discover the charm and opportunity that await you in this delightful Long Beach neighborhood!

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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