Lisa Candiotta

1720 Petaluma Ave

Long Beach, CA
$ 2,590,000 Beds 0 Baths 4 Sq 3,260
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 2,590,000
  • City
  • Long Beach
  • Bedrooms
  • 0
  • Full Bathrooms
  • 4
  • County
  • Los Angeles
  • Half Bathrooms
  • 0
  • Area
  • Los Altos, X-100
  • Lot Size
  • 0.1694 Acres
  • Zip
  • 90815
  • Sqr Footage
  • 3,260
  • Year Built
  • 2022
  • Style
  • MLS#
  • PW26197030
Listed By: Shane Young with Younglewin Advisors, Inc.; 562-556-1118
Data Source: California Regional MLS (CRMLS)

Features

General

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

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Temecula, CA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/9/2026 Listed $2,590,000

Property vs Zip Code Average in 90815

Price
AVG $1.35M
$2.59M
Year Built
AVG 1954
2022

In The Neighborhood

Areas That We Cover

1720 Petaluma Ave Long Beach, CA is a Single Family Home for sale at $2590000 with 3260 sqft and a lot size of 0.1694 Acres Acre(s). 1720 Petaluma Ave Long Beach has 0 bedrooms, 4 baths and was built in 2022. The property's zip code is 90815 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lisa Candiotta

Lisa Candiotta

951-319-2636

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