Circle (Ca) Real Estate

Circle (Ca) Real Estate

Welcome to Circle, a charming subdivision nestled in the vibrant city of Long Beach, California! Known for its rich cultural diversity and stunning coastal views, Circle offers a unique blend of suburban tranquility and urban convenience, making it an ideal place to call home.

The Circle subdivision is characterized by its picturesque tree-lined streets and well-maintained parks, providing residents with a serene environment to unwind and enjoy the outdoors. Families will appreciate the community's close-knit atmosphere, where neighbors become friends and children can play safely in the nearby playgrounds. The area boasts a variety of housing options, from cozy single-family homes to modern townhouses, catering to a range of lifestyles and preferences.

One of Circle's standout features is its proximity to Long Beach's beautiful beaches and waterfront attractions. Residents can easily take a leisurely stroll along the shoreline, indulge in water sports, or simply bask in the California sun. The vibrant downtown area is just a short drive away, offering an array of shopping, dining, and entertainment options that cater to all tastes.

For those who prioritize convenience, Circle is well-connected to major highways and public transportation, making commutes to nearby cities a breeze. With its excellent schools and community amenities, including parks, libraries, and recreational facilities, Circle is an ideal location for families, young professionals, and retirees alike.

Discover the charm of Circle in Long Beach, CA, and experience a community that truly feels like home. Whether you're looking for a place to settle down or an investment opportunity, Circle offers the perfect blend of comfort, convenience, and coastal living.

Newest Listings in Circle (Ca)

1761 Park Avenue, Long Beach
$8,000,000
PW26215271 MLS
STUDENT HOUSING OPPORTUNITY – 64 BEDS + 8 BEDS = 72 MAX BEDS. 7.47% CURRENT CAP, WITH MARKET CAP RATE AT 8.63%-9.14%! Park Villa Apartments, an 18-unit / 64-bed off-campus student housing asset serving California State University, Long Beach (CSULB). The property operates under a “by-the-bed” leasing model commonly used in purpose-built student housing, offering furnished individual beds rather than leasing entire units. This structure provides students greater flexibility while generating higher effective rents per unit and diversified cash flow for ownership. Park Villa Apartments features (4) 3BD/2BA, (2) 2BD/2BA, (10) 2BD/1BA and (2) 1BD/1BA units surrounding a landscaped courtyard, along with on-site laundry, eight garages and 12 tandem surface parking spaces. Comprehensive renovations completed in 2023 include upgraded electrical and plumbing systems, new dual-pane windows, laminate flooring, shaker-style cabinetry, quartz countertops, stainless steel appliances, updated bathrooms, modern lighting, ceiling fans and fixtures throughout. The property is located near Long Beach’s Traffic Circle, providing walkable access to extensive retail, dining and everyday services. Its proximity to CSULB and the 405 Freeway also provides convenient connectivity throughout Long Beach, the South Bay and Orange County. CSULB has 3,500 on-campus beds serving more than 42,000 students—an on-campus housing saturation rate of approximately 8%—leaving the overwhelming majority of students reliant on the private housing market. Demand is further supported by record enrollment and approximately 84,000 applications in the most recent admissions cycle, the highest applicant volume in the 23-campus CSU system. This persistent supply-demand imbalance provides Park Villa Apartments with a deep, recurring renter pool. Combined with annual lease resets, recurring new-student demand and approximately 25% tenant retention, the property’s by-the-bed model provides a compelling foundation for stable occupancy, income growth and long-term student housing demand.

1761 Park Avenue, Long Beach

Listing courtesy of Listing Agent: Robert Stepp (rstepp@steppcommercial.com) from Listing Office: Keller Williams Realty Downey.

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