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$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
$1,749,000
PW26153153 MLS ⋅ Active Status
This builder is a true visionary! Three Homes. Multiple Income Streams. Endless Possibilities. An ultra-rare East Long Beach opportunity offering exceptional flexibility for homeowners, investors, or multigenerational living. This unique property features a beautifully maintained and upgraded 3-bedroom, 2-bath main residence PLUS newly constructed and permitted 637 SF ADU AND 453 SF JADU, each offering one bedroom, one bathroom, private entrances, separate addresses, separate utility meters, A/C, and in-unit laundry. The main home has been updated throughout featuring newer kitchen with large center island, quartzite countertops, and Samsung appliances. In the main living area there is an open concept great room with expansive family room and living room with new flooring and expansive black metal sliding doors providing tons of natural light. The main home centers around the private backyard with patio spaces. Additional features include new double glazed, Low-E doors and windows, new finishes and fixtures, new ducting and HVAC, tankless water heater, and new OVE washlets. Whether you’re looking to offset your mortgage, accommodate extended family, or build long-term wealth through rental income, this property delivers endless possibilities. Currently generating approximately $4,900 per month just from the two accessory units. Premium local rental demand is fueled by its prime location near Cal State Long Beach, the VA Medical Center, El Dorado Park, shopping, dining, and major transportation corridors. Live comfortably in the main home while your investment works for you, or maximize the income potential by leasing all three living spaces. Opportunities like this are EXCEPTIONALLY RARE in East Long Beach!

1980 Vuelta Grande, Long Beach

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.