Los Altos, X-100 (34) Homes with Shared Driveway Parking features

Welcome to the charming neighborhood of Los Altos in Long Beach, California! Nestled within the vibrant city of Long Beach in Los Angeles County, Los Altos is a delightful community that offers a perfect blend of suburban tranquility and urban convenience. Known for its tree-lined streets, well-maintained parks, and friendly atmosphere, this area is ideal for families, young professionals, and retirees alike.

Los Altos boasts a variety of amenities, including excellent schools, local shops, and diverse dining options. Residents enjoy easy access to major freeways, making commuting a breeze, while the nearby beaches provide a picturesque escape for weekend relaxation. The community is also home to several parks, such as El Dorado Park, where you can explore nature trails, picnic areas, and recreational facilities.

When it comes to housing, Los Altos offers a range of options, including homes with shared driveway parking features. These properties provide a practical solution for residents who appreciate the convenience of off-street parking while fostering a sense of community among neighbors. Whether you are looking for a cozy bungalow or a spacious family home, the shared driveway parking aspect allows for efficient use of space, making it easier for residents to come and go.

In Los Altos, you’ll find a welcoming community that embraces the joys of suburban living while remaining close to the vibrant culture and entertainment that Long Beach has to offer. Discover your dream home in this enchanting neighborhood today!

Newest Los Altos, X-100 (34) Homes with Shared Driveway Parking features

$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.