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

Welcome to Los Altos, a vibrant and welcoming 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 perfect blend of suburban tranquility and urban convenience. This family-friendly area is characterized by its diverse population, excellent schools, and a variety of parks, making it an ideal place for families, young professionals, and retirees alike.

Los Altos is particularly renowned for its unique housing market, featuring homes with an apartment subtype. This means that many properties in the area not only provide comfortable living spaces but also include separate rental units or in-law suites. This setup is perfect for those looking to generate rental income or accommodate extended family members while maintaining privacy. The homes here range from charming mid-century designs to modern builds, catering to a variety of tastes and lifestyles.

Residents of Los Altos enjoy easy access to a wealth of amenities, including shopping centers, restaurants, and recreational facilities. With its proximity to the stunning beaches of Long Beach and the lively downtown area, outdoor enthusiasts and city dwellers alike will find plenty to love. The community hosts various events throughout the year, fostering a strong neighborhood spirit and making it easy to meet new friends.

Whether you’re looking for a cozy family home or an investment opportunity, Los Altos offers a delightful blend of comfort, community, and convenience. Discover the charm of this exceptional neighborhood and find your perfect home today!

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.