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

Welcome to Los Altos, a vibrant neighborhood nestled within the city of Long Beach, California. Known for its family-friendly atmosphere and tree-lined streets, Los Altos offers a unique blend of suburban charm and urban convenience. This delightful enclave is perfectly situated near some of Southern California's most beautiful beaches, parks, and shopping districts, making it an ideal place for both relaxation and recreation.

In Los Altos, you'll find a diverse array of homes, including those with an apartment subtype, which are perfect for multi-generational living or rental income opportunities. These properties often feature spacious layouts, allowing for comfortable living while providing the flexibility that modern families desire. Many homes in this area boast beautiful backyards, ideal for entertaining or simply enjoying the sunny California weather.

Residents of Los Altos benefit from a strong sense of community, with top-rated schools, local parks, and convenient access to major highways. The neighborhood is also home to a variety of dining options, from cozy cafes to trendy restaurants, ensuring that every culinary craving is met. Additionally, with Long Beach's vibrant arts scene and cultural events, there's always something exciting happening just around the corner.

Whether you’re looking to invest in a property with an apartment subtype or seeking a charming home for your family, Los Altos offers a welcoming environment that feels like home. Come explore this delightful neighborhood and discover why so many choose to call Los Altos their home sweet 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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