1720 Petaluma Ave, Long Beach, California image 1
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1720 Petaluma Ave

Long Beach, CA 90815
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$2,590,000 $10,919/Mo
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Bed 11

Bed

Bath 11

Bath

SqFt7,378

Sqft(Lot)

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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,590,000

AD Id : 91114662

MLS Id : PW26197030

Beds : 11

Lot Size : 7,378 Sqft

Year Built : 2022

Garage : 1

County : Los Angeles

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Feature Features

  • Heating & Cooling

    Has Heating: Yes Heating: Ductless Has Cooling: Yes Cooling: Ductless

  • Building Information

    Year Built: 2022
    Building Area Total: 3260
    Stories: 1
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 7378 Lot Size Acres: 0.1694 Lot Size Source: Assessor Lot Size Square Feet: 7,378 Lot Description: BackYard,FrontYard,Lawn,Yard

    Property Information

    Subdivision: X-100s (X1) Source Property Type: ResidentialIncome Property SubType: Apartment Levels: One Property Age: 4

  • Listing Price Information

    Listing Price: $2590000
    Cash, CashToNewLoan

  • Tax Information

    Parcel Number: 7239001027 Tax Lot: 466

  • Virtual Tour

    Virtual Tour (External Link)

    Parking Information

    Parking Total: 3 Garage, SharedDriveway, OnStreet

    Garage Information

    Has Garage: Yes Garage Space: 1

  • Location Information

    Direction: South of Atherton just West of Studebaker WaterSource: Public
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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/10/2026 @ 07:06

MLS: PW26197030 LISTED BY: Shane Young, Younglewin Advisors, Inc. 562-318-0215 SOURCE: CRMLS

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