7,379 Sqft Lot
7,379 Sqft Lot
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision X-100S (X1)
MLS Listing ID PW26197030
HOA Y/N No
Year Built 2022
Lot Size 7,379 Sqft
Property Sub-Type Apartment
Property Description
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.
Location
State CA
County Los Angeles
Area 34 - Los Altos, X-100
Interior
Heating Ductless
Cooling Ductless
Fireplaces Type None
Fireplace No
Laundry Inside
Exterior
Parking Features Garage, Shared Driveway, On Street
Garage Spaces 1.0
Garage Description 1.0
Pool None
Community Features Biking, Curbs, Dog Park, Golf, Gutter(s), Park, Storm Drain(s), Street Lights, Suburban, Sidewalks, Water Sports
Total Parking Spaces 3
Private Pool No
Building
Lot Description Back Yard, Front Yard, Lawn, Yard
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction Yes
Others
Senior Community No
Tax ID 7239001027
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Nearby Locations
