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1720 Petaluma Ave, Long Beach
$2,349,000
PW26197030 MLS ⋅ Active Status
Located in one of the most sought-after, supply-constrained submarkets in Southern California, 1720 Petaluma Ave sits in East Long Beach just 0.5 miles from the CSULB campus. No new apartment buildings have been built in the 90815 zip code since 1989, which makes this rare, like-new offering stand out. The property is a purpose-built student housing asset with two spacious, turnkey detached homes on an expansive lot: a fully rebuilt and expanded front house and a brand-new rear home. It's a great fit for either a cash-flowing investment or an owner user. The front house was taken down to the studs and expanded with new construction into a 7 bed / 7 bath open floor plan home. The rear house is a 100% new construction 4 bed / 4 bath home with expansive 15 ft ceilings and lots of natural light. Both homes feature luxury vinyl plank floors, new high-end finishes and appliances, and a private ensuite bathroom for every bedroom. Each home has its own washer and dryer and private patio, and tenants share a large backyard with a lounge area and spa. The property is currently operated as CSULB student housing, with 11 rooms averaging $1,383/mo each for $15,215/mo, or $182,580 in gross annual income. Tenants pay all utilities, and parents co-sign every lease to guarantee rent. With an NOI of $132,681, 1720 Petaluma is attractively priced at a 5.67% cap rate, with another 13% of NOI upside and excellent loan terms available. That is the highest cap rate, lowest GRM, and lowest price per bedroom of any comparable CSULB-area sale in the past two years, about 28% below the median price per bedroom. Rooms rent for about 14% below comparable properties and for roughly the cost of an on-campus dorm, with a private ensuite bath instead of a shared hall. Owners can add further value by converting the garage or building a second detached ADU under California's new AB 956. CSULB has 40,000 students but housing for only 9% of them, and the property has been 100% pre-leased since 2022 with steady rent growth year over year. Professionally managed for easy ownership, this opportunity offers a strong and steady renter base, a hedge against California rent control, continued rent growth, and long-term appreciation in the A+ East Long Beach submarket.

1720 Petaluma Ave, Long Beach
300 E Arbor St Unit 18, Long Beach
$55,000
1 Beds ⋅ 1 Baths ⋅ SB26191027 MLS ⋅ Active Status
Charming & Low-Maintenance Living in Long Beach | 55+ Senior Community! Welcome to your cozy sanctuary at Arbor Mobile Village! Beautifully maintained 1 bedroom 1 bath home featuring 616 sq. ft of bright, spacious living space designed for low-maintenance senior living. Enjoy an open, airy family room bathed in natural light, a functional kitchen equipped with a refrigerator and adjacent dining area, plus dedicated washer and dryer hookups inside the home, taking the hassle out of laundry day. Nestled in a quiet, welcoming Long Beach community just steps away from Schere Park. Ideal for downsizing without compromising on comfort and convenience. Schedule your tour today!

300 E Arbor St Unit 18, Long Beach
1751 E 68th Unit 12, Long Beach
$525,000
2 Beds ⋅ 3 Baths ⋅ PW26185753 MLS ⋅ Active Status
Welcome home to this beautifully updated, tri-level townhome designed for modern living. Enter through your private, secure two-car garage—complete with laundry hookups—or through the front entry with a dedicated coat closet. The light-filled main level features a spacious living room centered around a cozy fireplace with custom built-in shelving, a separate dining area, and a stylishly remodeled powder room. The chef-inspired kitchen boasts sleek stainless steel appliances, plenty of cabinetry, modern finishes, and recessed lighting throughout. Upstairs, a versatile open loft awaits—perfect for a home office, secondary lounge, or creative space. The top floor is rounded out by two private en-suite bedrooms, offering ultimate comfort and convenience for family or guests.

1751 E 68th Unit 12, Long Beach
5273 E Appian, Long Beach
$1,899,000
4 Beds ⋅ 3 Baths ⋅ PW26140445 MLS ⋅ Active Under Contract Status
Built in 1961, this beautifully appointed 4-bedroom, 3-bath home blends original architectural character with thoughtful modern updates and exceptional indoor-outdoor living. Original wood-beamed ceilings and French oak flooring throughout the first floor create warmth, composition and depth, while a striking stone gas fireplace anchors the main living space. Built-in cabinetry provides a seamless home for the television and additional storage. The kitchen is designed for both everyday living and entertaining, featuring Viking appliances, including a refrigerator and four-burner range, wine refrigerator and generous walk-in pantry. A convenient powder room and abundant storage complete the main level. Upstairs, brand-new carpeting creates a fresh, inviting feel. The spacious primary suite is a true retreat with soaring ceilings, walk-in closet, private balcony and a beautifully appointed bath featuring a deep soaking tub and separate shower. An additional guest bedroom enjoys views toward the water. Modern conveniences include updated HVAC, electrical improvements, tankless water heater, EV charging station and a two-car garage. Outside, two beautiful magnolia trees frame the well-appointed front yard, while the private rear patio creates a magical setting for Southern California living. Complete with an outdoor refrigerator, barbecue, seating area, water feature and fire feature, it is equally suited to entertaining friends or enjoying a quiet morning coffee. The location completes the experience. Step outside for a walk along the nearby path bordering the back bay or stroll to the shops, cafés and restaurants that make this neighborhood so special, including Nick’s on 2nd, South of Nick’s, Saint & Second, Sushi on Fire and Breakfast Republic. With architectural warmth, substantial upgrades, private outdoor spaces and an exceptional location near the water, 5273 E Appian Way offers a rare combination of character, comfort and coastal living.

5273 E Appian, Long Beach
4336 N Lakewood, Long Beach
$1,895,000
PW26054894 MLS ⋅ Active Status
Prime Turnkey Investment Opportunity In Long Beach – Remodeled 6-Unit Complex. Exceptional Opportunity To Acquire A Recently Remodeled, Turnkey 6-Unit Multifamily Income Property In The Highly Desirable Thriving Rental Market Of Long Beach. Pride Of Ownership Radiates Throughout This Meticulously Updated Complex, Offering A Virtually Maintenance-Free Asset For Both Seasoned & First-Time Investors Looking For Immediate, Reliable Cash Flow. The Property Features An Optimal Unit Mix Of Six Well-Appointed 1-Bedroom, 1-Bathroom Apartment Homes With Individual Garages & Additional Onsite Parking. Each Unit Has Undergone Comprehensive Interior Renovations To Meet The Demands Of Today’s Premium Renters. Upgrades Include Beautifully Modernized Kitchens, Refreshed Bathrooms With Contemporary Fixtures, Large Walk-In Showers & Custom Tile Work. Each Unit Also Boasts Either Original Hardwood Or LVP Flooring, Fresh Interior Paint, Recessed Lighting, & Upgraded Hardware Throughout. Ideally Situated In Long Beach, This Property Offers Tenants Unparalleled Access To The Best The City Has To Offer. It Is Just Minutes Away From Bouton Lakewood Country Club, Lakewood Village, The Vibrant Dining & Entertainment Scenes Of Downtown Long Beach (DTLB), The Trendy Retro Row, Alamitos Beach, & The Pike Outlets. With Excellent Walkability, Easy Access To Public Transit, Close Proximity To Major Freeways (710, 405), Long Beach Airport & California State University, Long Beach (CSULB), The Location Guarantees A Deep & Consistent Pool Of Highly Qualified Prospective Tenants. Don't Miss Out On This Rare Chance To Add A Stabilized, High-Performing Coastal Asset To Your Real Estate Portfolio.

4336 N Lakewood, 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.

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