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

Welcome to Los Altos, a vibrant neighborhood nestled within the sunny city of Long Beach, California. Known for its delightful blend of suburban charm and urban convenience, Los Altos offers residents a unique lifestyle that perfectly balances tranquility and accessibility. This picturesque region is characterized by tree-lined streets, well-maintained parks, and a strong sense of community, making it an ideal place for families, young professionals, and retirees alike.

Los Altos boasts a diverse array of homes, including charming single-family residences and inviting apartments that cater to various lifestyles and budgets. The apartment subtype here is particularly appealing, offering modern amenities and spacious layouts that make the most of California's beautiful weather. Many apartments come equipped with essential features such as updated kitchens, private balconies, and community spaces that foster social connections among neighbors.

The neighborhood is conveniently located near excellent schools, shopping centers, and recreational facilities. Residents can enjoy leisurely strolls in nearby parks, partake in local events, or explore the vibrant dining scene that Long Beach has to offer. With its close proximity to the stunning Pacific coastline, Los Altos also provides easy access to beautiful beaches, perfect for weekend getaways or evening strolls.

Whether you’re looking to settle down in a cozy apartment or seeking an investment opportunity, Los Altos is a fantastic choice. Experience the warmth of this welcoming community and discover the perfect place to call home in Long Beach, where the best of California living awaits!

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.