New Construction - Golf Course
Address
1720 Petaluma Ave, Long Beach, CA
Price
$ 2,590,000
Property Attributes
- MLS#PW26197030
- TypeSingle Family
- Listing Status Active
- CountyLos Angeles
- CityLong Beach
- Area Los Altos, X-100
- NeighborhoodX-100s (X1)
- Zip90815
- Style
- Year Built2022
- Price$ 2,590,000
- Bedrooms0
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage3260
- Lot Size0.1694 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description
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.
| Price History | |
|---|---|
| 9/9/2026 | Listed $2,590,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | Ductless |
| Cooling | Ductless |
| Garage Spaces | 1 |
| Pool Features | None |
| Year Built | 2022 |
| Tenant Pays | AllUtilities |
| Stories Count | 1 |
| Levels | One |
| Property Subtype | Apartment |
| Gross Income | 182580 |
| Community Features | Biking,Curbs,DogPark,Golf,Gutters,Park,StormDrains,StreetLights,Suburban,Sidewalks,WaterSports |
| County | Los Angeles |
| Net Operating Income | 129518 |
| Operating Expense | 49410 |
| Insurance Expense | 3296 |
| New Construction | true |
| Property Type | ResidentialIncome |
| HOA | false |
| Subdivision Name | X-100s (X1) |
| Garage Y/N | true |
| Special Listing Conditions | Standard |
| Status | Active |
| Directions | South of Atherton just West of Studebaker |
| City | Long Beach |
| Entry Location | Petaluma |
| Senior Community Y/N | false |
| Open Parking Spaces | 2 |
| Number Of Units Total | 2 |
| MLS Area | 34 - Los Altos, X-100 |
| Lot Size Units | SquareFeet |
| Lot Size Square Feet | 7378 |
| Number of Units Leased | 2 |
| Listing Terms | Cash,CashToNewLoan |
| Property Attached Y/N | false |
| Land Lease Y/N | false |
| Additional Parcels Y/N | false |
| Rent Control Y/N | false |
| Building Area Units | SquareFeet |
| Standard Status | Active |
| Year Built Source | Estimated |
| Tax Lot | 466 |
| Total Actual Rent | 15215 |
| Property Sub Type Additional | Apartment |
| Taxes | 33386 |
| Cap Rate | 5.02 |
| PostalCity | LONG BEACH |
Interior Features
| Fireplace Features | None |
|---|---|
| Total Stories | 1 |
| Common Walls | NoCommonWalls |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | false |
| Laundry Features | Inside |
| Entry Level | 1 |
Exterior Features
| Parking Features | Garage,SharedDriveway,OnStreet |
|---|---|
| Lot Features | BackYard,FrontYard,Lawn,Yard |
| Water Source | Public |
| Total Parking | 3 |
| Lot Size Area | 7378 |
| Number of Buildings | 2 |
| Building Area Total | 3260 |
| Lot Size Acres | 0.1694 |
| Private Pool | false |
| Lot Size Source | Assessor |
| Number of Separate Water Meters | 2 |
| Number of Separate Gas Meters | 1 |
| Number of Separate Electric Meters | 2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 90815
Price
Year Built
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