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

Welcome to the vibrant community of Los Altos, nestled in the heart of Long Beach, California! Known for its charming residential neighborhoods and a strong sense of community, Los Altos offers a unique blend of suburban tranquility and urban accessibility, making it an ideal place for families, professionals, and retirees alike.

Los Altos is characterized by its tree-lined streets, well-maintained parks, and a variety of local amenities. Residents enjoy easy access to excellent schools, shopping centers, and recreational facilities. The nearby Long Beach Town Center and the bustling 2nd Street in Belmont Shore provide a plethora of dining, shopping, and entertainment options, ensuring that there’s never a dull moment in this lively area.

For those interested in real estate, Los Altos boasts a diverse selection of homes, including charming single-family residences and modern apartments. The apartment subtypes in this region cater to various lifestyles, whether you’re looking for a cozy studio or a spacious multi-bedroom unit. Many of these apartments feature contemporary designs, updated appliances, and community amenities such as swimming pools, fitness centers, and outdoor spaces perfect for gatherings.

Living in Los Altos means embracing a lifestyle filled with convenience and community spirit. With its close proximity to the beautiful California coastline, outdoor enthusiasts can easily enjoy beach days, hiking trails, and waterfront parks. The area also offers a rich cultural scene, with art galleries, theaters, and local events that bring residents together.

Discover your dream home in Los Altos, where comfort meets community, and every day is a new opportunity to enjoy the best of Southern California living!

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.