USACALong BeachX-100S (X1)1720 Petaluma Ave
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$2,590,000

For Sale

11 hours ago

1720 Petaluma Ave, Long Beach, CA

Condo

MLS® PW26197030

0 Bed

0 Bath

--

3 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size -
Garage Yes
HOA Fees 
Taxes 
Days Active 1
Approx. Age 2022
MLS® Number PW26197030

Property Address: 1720 Petaluma Ave, Long Beach, CA, 90815

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberPW26197030
Locker
Ensuite LaundryYes
Balcony
Furnished
Laundry LevelEnsuite
Exposure
Exterior
GarageYes
Approx. Age2022
Stories1
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatDuctless
A/CDuctless

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 8, 2026List Date
$2,590,000List Price
  • Commute

Commute

Starting Address
Destination Address
1720 Petaluma Ave, Long Beach, CA

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