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

Welcome to the charming neighborhood of Los Altos in Long Beach, California, where coastal living meets suburban tranquility. Nestled in the heart of Los Angeles County, this vibrant community is known for its picturesque tree-lined streets, friendly atmosphere, and an abundance of amenities that cater to families, young professionals, and retirees alike.

Los Altos boasts a diverse real estate market, with homes that range from classic mid-century designs to modern, stylish residences. Among the standout options are the homes with apartment subtypes, perfect for those seeking a multifaceted living arrangement. These properties often feature separate living spaces, providing an excellent opportunity for rental income or accommodating extended family members. Imagine the convenience of having an apartment right in your backyard, allowing for privacy while still being close to loved ones.

The neighborhood is not just about beautiful homes; it also offers a wealth of recreational opportunities. Residents enjoy easy access to parks, such as El Dorado Park and Heartwell Park, which are perfect for outdoor activities, picnics, and leisurely strolls. Additionally, Los Altos is known for its top-rated schools and a variety of shopping and dining options, ensuring that everything you need is right at your fingertips.

With its unique blend of community spirit, convenient amenities, and beautiful homes, Los Altos is a hidden gem in Long Beach. Whether you’re looking to invest in a multifamily property or find your dream home, this neighborhood has something for everyone. Come explore the possibilities in Los Altos, where your next chapter 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.