Home | Los Angeles County | Long Beach | 90815 | 1761 Park Ave
MLS: CRPW26215271 | Status: | Price: $8,000,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 16,234 | 1963 |
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
| Field | Value |
|---|---|
| MLS # | CRPW26215271 |
| MLS Source | California Regional MLS |
| Days on Site | 2 |
| Feature | Details |
|---|---|
| Garage/Parking | Garage, Garage: 8 Car(s) |
| Listing Agent | Co-Listing Agent |
|---|---|
| Robert Stepp | Todd Hawke |
| Keller Williams Realty Downey | |
| License #: 01456379 | License #: 01376219 |
| Phone: (310) 774-3740 | Phone: (562) 209-7783 |
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Bryant Elementary School | public | K-5 | 0.61 mi | 6 |
| Bixby Elementary School | public | K-5 | 0.63 mi | 8 |
| Wilson High School | public | 9-12 | 0.87 mi | 6 |
| Richard D. Browning High | public | 9-12 | 1.08 mi | 5 |
| Gant Elementary School | public | K-5 | 1.11 mi | 9 |
| Jefferson Leadership Academies School | public | 6-8 | 1.14 mi | 7 |
| Lee Elementary School | public | K-5 | 1.24 mi | 6 |
| Stanford Middle School | public | 6-8 | 1.25 mi | 7 |
| Willard Elementary School | public | K-5 | 1.29 mi | 3 |
| Long Beach School For Adults | public | UG | 1.30 mi | N/A |
| Reid High School | public | 11-12 | 1.31 mi | 2 |
| Long Beach Unified School District Rop | public | 10-12 | 1.31 mi | N/A |
| Fremont Elementary School | public | K-5 | 1.33 mi | 8 |
| Prisk Elementary School | public | K-5 | 1.39 mi | 10 |
| Rogers Middle School | public | 6-8 | 1.60 mi | 8 |
| Carver Elementary School | public | K-5 | 1.66 mi | 8 |
| Lowell Elementary School | public | K-5 | 1.69 mi | 7 |
| Mann Elementary School | public | K-5 | 1.82 mi | 7 |
| Alvarado Elementary School | public | K-5 | 1.82 mi | 9 |
| Jessie Nelson Academy | public | 6-8 | 1.85 mi | 3 |
©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.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of October 06, 2026. For the most current information, please contact Robert Stepp, (310) 774-3740.