Home | Los Angeles County | Long Beach | 90815 | 1720 Petaluma Ave
1720 Petaluma Ave, Long Beach, CA 90815
MLS: CRPW26197030 | Status: Active | Price: $2,395,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Sq Ft Lot |
Yr Built |
| – |
– |
– |
7,378 |
2022 |
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 N
| Field |
Value |
| MLS # |
CRPW26197030 |
| MLS Source |
California Regional MLS |
| Days on Site |
29 |
Features
Interior Features
| Feature |
Details |
| Appliances |
Other, Dryer, Washer |
Exterior Features
| Feature |
Details |
| Pool |
None |
| Feature |
Details |
| Garage/Parking |
Garage, Off-Street Parking, Garage: 1 Car(s) |
| HOA Fee |
$0 |
| Listing Agent |
Co-Listing Agent |
| Shane Young |
Daniel Lewin |
| Younglewin Advisors, Inc. |
Younglewin Advisors, Inc. |
| License #: 01963090 |
License #: 01932742 |
| Phone: – |
Phone: – |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 2 |
2 |
2 |
Disclosures
©2026 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of September 30, 2026. For the most current information, please contact Shane Young.