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 rich sense of community, Los Altos offers an ideal blend of suburban tranquility and urban convenience. This family-friendly area is characterized by a diverse mix of residents, making it a wonderful place to call home.

Los Altos is conveniently located near top-rated schools, lush parks, and an array of shopping and dining options. Residents enjoy easy access to the bustling downtown Long Beach, where you can explore a variety of boutiques, cafes, and cultural attractions, including the iconic Long Beach Aquarium and the historic Queen Mary. The nearby beaches provide a perfect escape for sunbathing, surfing, or simply enjoying a leisurely stroll along the coastline.

For those seeking homes with an apartment subtype, Los Altos presents a fantastic opportunity. The neighborhood features a range of properties, from charming single-family homes to modern multi-family residences, catering to various lifestyles and budgets. Many of these homes offer spacious layouts, private outdoor spaces, and convenient amenities, making them perfect for families, professionals, or anyone looking for a welcoming community.

With its strong sense of community, excellent amenities, and prime location, Los Altos is not just a place to live; it’s a place to thrive. Whether you’re looking to settle down or invest in a property, Los Altos in Long Beach is a hidden gem waiting to be discovered. Come experience the warmth and charm of this delightful 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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