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

Welcome to the charming neighborhood of Los Altos in Long Beach, California, where the sun shines brightly and community spirit thrives! Nestled in the heart of Los Angeles County, Los Altos is renowned for its picturesque tree-lined streets, friendly atmosphere, and diverse community. This vibrant area is a perfect blend of suburban tranquility and urban convenience, making it an ideal place for families, young professionals, and retirees alike.

In Los Altos, you’ll discover an array of homes that cater to various lifestyles, with a particular emphasis on apartment-style living. These homes are designed to offer comfort and functionality, often featuring modern amenities and spacious layouts. Whether you’re seeking a cozy one-bedroom apartment or a larger multi-bedroom unit, Los Altos has something for everyone. Many of these apartment-style homes come equipped with updated kitchens, private balconies, and access to community amenities such as pools and fitness centers, providing a perfect balance of convenience and leisure.

The neighborhood boasts an array of parks, schools, and shopping opportunities, all within easy reach. Families will appreciate the highly-rated schools in the area, while local parks offer plenty of green space for outdoor activities and relaxation. With its strategic location, residents enjoy easy access to major highways, making commutes to downtown Los Angeles or the beautiful California coastline a breeze.

In Los Altos, you’re not just finding a home; you’re becoming part of a welcoming community that values connection and quality of life. Come and experience the charm of Los Altos—your dream apartment 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.