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Located in one of the most sought-after, supply-constrained submarkets in Southern California, 1720 Petaluma Ave sits in East Long Beach just 0.5 miles from the CSULB campus. No new apartment buildings have been built in the 90815 zip code since 1989, which makes this rare, like-new offering stand out. The property is a purpose-built student housing asset with two spacious, turnkey detached homes on an expansive lot: a fully rebuilt and expanded front house and a brand-new rear home. It's a great fit for either a cash-flowing investment or an owner user. The front house was taken down to the studs and expanded with new construction into a 7 bed / 7 bath open floor plan home. The rear house is a 100% new construction 4 bed / 4 bath home with expansive 15 ft ceilings and lots of natural light. Both homes feature luxury vinyl plank floors, new high-end finishes and appliances, and a private ensuite bathroom for every bedroom. Each home has its own washer and dryer and private patio, and tenants share a large backyard with a lounge area and spa. The property is currently operated as CSULB student housing, with 11 rooms averaging $1,383/mo each for $15,215/mo, or $182,580 in gross annual income. Tenants pay all utilities, and parents co-sign every lease to guarantee rent. With an NOI of $132,681, 1720 Petaluma is attractively priced at a 5.54% cap rate, with another 13% of NOI upside and excellent loan terms available. That is the highest cap rate, lowest GRM, and lowest price per bedroom of any comparable CSULB-area sale in the past two years, about 28% below the median price per bedroom. Rooms rent for about 14% below comparable properties and for roughly the cost of an on-campus dorm, with a private ensuite bath instead of a shared hall. Owners can add further value by converting the garage or building a second detached ADU under California's new AB 956. CSULB has 40,000 students but housing for only 9% of them, and the property has been 100% pre-leased since 2022 with steady rent growth year over year. Professionally managed for easy ownership, this opportunity offers a strong and steady renter base, a hedge against California rent control, continued rent growth, and long-term appreciation in the A+ East Long Beach submarket.

PW26197030 MLS

Located in one of the most sought-after, supply-constrained submarkets in Southern California, 1720 Petaluma Ave sits in East Long Beach just 0.5 miles from the CSULB campus. No new apartment buildings have been built in the 90815 zip code since 1989, which makes this rare, like-new offering stand out. The property is a purpose-built student housing asset with two spacious, turnkey detached homes on an expansive lot: a fully rebuilt and expanded front house and a brand-new rear home. It's a great fit for either a cash-flowing investment or an owner user. The front house was taken down to the studs and expanded with new construction into a 7 bed / 7 bath open floor plan home. The rear house is a 100% new construction 4 bed / 4 bath home with expansive 15 ft ceilings and lots of natural light. Both homes feature luxury vinyl plank floors, new high-end finishes and appliances, and a private ensuite bathroom for every bedroom. Each home has its own washer and dryer and private patio, and tenants share a large backyard with a lounge area and spa. The property is currently operated as CSULB student housing, with 11 rooms averaging $1,383/mo each for $15,215/mo, or $182,580 in gross annual income. Tenants pay all utilities, and parents co-sign every lease to guarantee rent. With an NOI of $132,681, 1720 Petaluma is attractively priced at a 5.54% cap rate, with another 13% of NOI upside and excellent loan terms available. That is the highest cap rate, lowest GRM, and lowest price per bedroom of any comparable CSULB-area sale in the past two years, about 28% below the median price per bedroom. Rooms rent for about 14% below comparable properties and for roughly the cost of an on-campus dorm, with a private ensuite bath instead of a shared hall. Owners can add further value by converting the garage or building a second detached ADU under California's new AB 956. CSULB has 40,000 students but housing for only 9% of them, and the property has been 100% pre-leased since 2022 with steady rent growth year over year. Professionally managed for easy ownership, this opportunity offers a strong and steady renter base, a hedge against California rent control, continued rent growth, and long-term appreciation in the A+ East Long Beach submarket.

1720 Petaluma Ave, Long Beach

Listing courtesy of Listing Agent: Shane Young (Shane@YoungLewin.com) from Listing Office: Younglewin Advisors, Inc..

$1,450,000

Thoughtful upgrades, inviting outdoor space, and a beautifully remodeled primary suite make 2000 Tevis Avenue a standout in Long Beach. This four-bedroom home features bamboo flooring, crown molding, recessed lighting, and updated interior doors and trim. The kitchen includes a Bosch dishwasher, LG range, and built-in microwave, while a separate family room provides additional space to gather and unwind. The primary suite offers a walk-in closet, custom blinds, and an updated sliding door. Its remodeled bathroom brings a touch of everyday luxury with radiant heated floors, a six-foot freestanding insulated soaking tub, a separate glass-enclosed shower with Hansgrohe fixtures, a skylight, and a private water closet. Three additional bedrooms feature ceiling fans and custom blinds, and the secondary bathroom has also received substantial updates. The redesigned backyard pairs a concrete patio and vinyl pergola with lawn, plumeria trees, a fire pit, and a BBQ bar equipped with outlets and plumbing. Conduit is already in place for future hot tub wiring. Vinyl fencing and wall toppers help define the outdoor space, creating an inviting setting for dining, relaxing, and entertaining. Behind the finishes are meaningful improvements, including a main roof replaced in 2019, a separately updated flat roof, a tankless water heater, new ABS drain plumbing beneath the home, and an additional sewer cleanout. Updated HVAC ductwork, added attic insulation, and keyless entry locks add everyday convenience. The attached garage features epoxy-coated flooring, custom cabinetry, a workbench, slat-wall storage, and an insulated garage door with a Wi-Fi-enabled myQ opener. A well-appointed home with improvements that extend far beyond the surface.

4 Beds ⋅ 2 Baths ⋅ PW26222411 MLS

Thoughtful upgrades, inviting outdoor space, and a beautifully remodeled primary suite make 2000 Tevis Avenue a standout in Long Beach. This four-bedroom home features bamboo flooring, crown molding, recessed lighting, and updated interior doors and trim. The kitchen includes a Bosch dishwasher, LG range, and built-in microwave, while a separate family room provides additional space to gather and unwind. The primary suite offers a walk-in closet, custom blinds, and an updated sliding door. Its remodeled bathroom brings a touch of everyday luxury with radiant heated floors, a six-foot freestanding insulated soaking tub, a separate glass-enclosed shower with Hansgrohe fixtures, a skylight, and a private water closet. Three additional bedrooms feature ceiling fans and custom blinds, and the secondary bathroom has also received substantial updates. The redesigned backyard pairs a concrete patio and vinyl pergola with lawn, plumeria trees, a fire pit, and a BBQ bar equipped with outlets and plumbing. Conduit is already in place for future hot tub wiring. Vinyl fencing and wall toppers help define the outdoor space, creating an inviting setting for dining, relaxing, and entertaining. Behind the finishes are meaningful improvements, including a main roof replaced in 2019, a separately updated flat roof, a tankless water heater, new ABS drain plumbing beneath the home, and an additional sewer cleanout. Updated HVAC ductwork, added attic insulation, and keyless entry locks add everyday convenience. The attached garage features epoxy-coated flooring, custom cabinetry, a workbench, slat-wall storage, and an insulated garage door with a Wi-Fi-enabled myQ opener. A well-appointed home with improvements that extend far beyond the surface.

2000 Tevis, Long Beach

Listing courtesy of Listing Agent: Brendan Mahoney (brendanmahoney@firstteam.com) from Listing Office: First Team Real Estate.

$1,395,000

Seller bought another … This upgraded like-New home offers endless OPTIONS: single family home on and huge 7500 sf lot now but potential to add an ADU or 2, while the existing 4/4 2500 sf home also could live as a duplex in effect! Currently living as a 3 bed 4 bath with huge family room, but easily lives 2 homes in different combinations - large 1bd 2ba townhome + 2 bd 2ba single story home or 3/3 home + large studio (live in one rent the other or live with yet totally separately from your siblings or parents. Owner occupant (or INVESTOR this is the best VALUE in entire area, upgraded LIKE NEW -gourmet kitchen, bathrooms, central HVAC (4 yrs), dual-pane windows and doors (10 yrs), skylights, roof (8 yrs), complete remodel incl flooring, lighting, electric and plumbing, plus an interior laundry. Walking distance to neighborhood schools, Long Beach State University and nearby parks, amenities, and easy access to commuting to OC, LA, all beach and Inland communities……IF YOU NEED A PROPERTY FOR YOUR IRC 1031 EXCHANGE, THIS IS PERFECT AND TENANTS ARE GREAT....... OWNER OCCUPY NOW OR LATER, YOUR CALL!

4 Beds ⋅ 4 Baths ⋅ PW26210614 MLS

Seller bought another … This upgraded like-New home offers endless OPTIONS: single family home on and huge 7500 sf lot now but potential to add an ADU or 2, while the existing 4/4 2500 sf home also could live as a duplex in effect! Currently living as a 3 bed 4 bath with huge family room, but easily lives 2 homes in different combinations - large 1bd 2ba townhome + 2 bd 2ba single story home or 3/3 home + large studio (live in one rent the other or live with yet totally separately from your siblings or parents. Owner occupant (or INVESTOR this is the best VALUE in entire area, upgraded LIKE NEW -gourmet kitchen, bathrooms, central HVAC (4 yrs), dual-pane windows and doors (10 yrs), skylights, roof (8 yrs), complete remodel incl flooring, lighting, electric and plumbing, plus an interior laundry. Walking distance to neighborhood schools, Long Beach State University and nearby parks, amenities, and easy access to commuting to OC, LA, all beach and Inland communities……IF YOU NEED A PROPERTY FOR YOUR IRC 1031 EXCHANGE, THIS IS PERFECT AND TENANTS ARE GREAT....... OWNER OCCUPY NOW OR LATER, YOUR CALL!

1417 Vuelta Grande, Long Beach

Listing courtesy of Listing Agent: Michael Roland (michael@michaelroland.net) from Listing Office: Coldwell Banker Realty.

$1,349,000

Welcome to 2071 Tevis Avenue, a beautifully updated 4-bedroom, 3-bathroom home nestled along a picturesque, tree-lined street in the highly desirable Los Altos neighborhood of Long Beach. Offering an ideal blend of style, comfort, and functionality, this turnkey residence is sure to impress. A charming front deck welcomes you home, providing the perfect setting to enjoy your morning coffee or unwind with a glass of wine in the evening. Step inside to discover an inviting, thoughtfully designed floor plan filled with an abundance of natural light. The beautifully appointed chef’s kitchen serves as the heart of the home, featuring an expansive center island, custom cabinetry, stainless steel appliances, recessed lighting, and an elegant herringbone tile backsplash. Seamlessly opening to the spacious living area, this thoughtfully designed space is ideal for both everyday living and entertaining. All four bedrooms offer generous proportions, while the three tastefully updated bathrooms showcase stylish finishes throughout. The primary suite provides a peaceful retreat with direct access to the backyard, creating an effortless connection between indoor and outdoor living. Additional highlights include central heating and air conditioning, paid off solar, an above-ground spa, an updated electrical panel, newer plumbing, and a detached two-car garage. Ideally situated near highly regarded Minnie Gant Elementary, Cal State Long Beach, Whaley Park, shopping, dining, and convenient freeway access, this exceptional property offers the very best of Los Altos living. A wonderful opportunity to own a beautifully maintained, move-in-ready home in one of Long Beach’s most sought-after neighborhoods!

4 Beds ⋅ 3 Baths ⋅ RS26218718 MLS

Welcome to 2071 Tevis Avenue, a beautifully updated 4-bedroom, 3-bathroom home nestled along a picturesque, tree-lined street in the highly desirable Los Altos neighborhood of Long Beach. Offering an ideal blend of style, comfort, and functionality, this turnkey residence is sure to impress. A charming front deck welcomes you home, providing the perfect setting to enjoy your morning coffee or unwind with a glass of wine in the evening. Step inside to discover an inviting, thoughtfully designed floor plan filled with an abundance of natural light. The beautifully appointed chef’s kitchen serves as the heart of the home, featuring an expansive center island, custom cabinetry, stainless steel appliances, recessed lighting, and an elegant herringbone tile backsplash. Seamlessly opening to the spacious living area, this thoughtfully designed space is ideal for both everyday living and entertaining. All four bedrooms offer generous proportions, while the three tastefully updated bathrooms showcase stylish finishes throughout. The primary suite provides a peaceful retreat with direct access to the backyard, creating an effortless connection between indoor and outdoor living. Additional highlights include central heating and air conditioning, paid off solar, an above-ground spa, an updated electrical panel, newer plumbing, and a detached two-car garage. Ideally situated near highly regarded Minnie Gant Elementary, Cal State Long Beach, Whaley Park, shopping, dining, and convenient freeway access, this exceptional property offers the very best of Los Altos living. A wonderful opportunity to own a beautifully maintained, move-in-ready home in one of Long Beach’s most sought-after neighborhoods!

2071 Tevis, Long Beach

Listing courtesy of Listing Agent: Justin Sidell (justin@dreamlifelb.com) from Listing Office: Dream Life Real Estate.

$1,099,000

Beautifully updated 3-bedroom, 2-bathroom home in the desirable X-100 neighborhood of Los Altos in Long Beach. All renovations were completed with permits, including a new layer of shingles, new mini-split A/C, a remodeled kitchen, and updated bathrooms. Fresh interior and exterior paint and modern finishes complement the home’s classic charm.Filled with natural light, the inviting layout features a spacious living room, formal dining area, and bright family room with a fireplace. Sliding doors lead to a private rear patio and grassy backyard, creating an easy connection between indoor living and outdoor entertaining. A versatile office/retreat space offers added flexibility, while the primary suite includes its own private bathroom. A broad driveway and single-car garage provide convenient parking.Ideally located near Cal State Long Beach, schools, parks, shopping, dining, and freeway access, this move-in-ready home brings together thoughtful updates, everyday comfort, and timeless Los Altos appeal.

3 Beds ⋅ 2 Baths ⋅ WS26120468 MLS

Beautifully updated 3-bedroom, 2-bathroom home in the desirable X-100 neighborhood of Los Altos in Long Beach. All renovations were completed with permits, including a new layer of shingles, new mini-split A/C, a remodeled kitchen, and updated bathrooms. Fresh interior and exterior paint and modern finishes complement the home’s classic charm.Filled with natural light, the inviting layout features a spacious living room, formal dining area, and bright family room with a fireplace. Sliding doors lead to a private rear patio and grassy backyard, creating an easy connection between indoor living and outdoor entertaining. A versatile office/retreat space offers added flexibility, while the primary suite includes its own private bathroom. A broad driveway and single-car garage provide convenient parking.Ideally located near Cal State Long Beach, schools, parks, shopping, dining, and freeway access, this move-in-ready home brings together thoughtful updates, everyday comfort, and timeless Los Altos appeal.

6934 E Espanita, Long Beach

Listing courtesy of Listing Agent: Zeng Shuai Li (lzsyykl@gmail.com) from Listing Office: Wetrust Realty.

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