1761 Park Avenue, Long Beach, CA 90815

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
1761 Park Avenue,Long Beach, CA 90815
$8,000,000
  • - Beds
  • - Baths
  • 15,918 sq. ft.
  • Multi-family
  • Active
Listed by: robert stepp, todd hawke
Office: keller williams realty downey562-334-1500
MLS#:PW26215271
Source:CRMLS

Price summary

  • Price:$8,000,000
  • Price per sq. ft.:$502.58

About this home

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...

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Home facts

  • Year built:1963
  • Subdivision & Development:Circle (CA)
  • Listing ID #:PW26215271
  • Added:3 day(s) ago
  • Updated:October 10, 2026 at 10:45 AM

Rooms and interior

  • Living area:15,918 sq. ft.

Structure and exterior

  • Year built:1963
  • Building area:15,918 sq. ft.
  • Lot area:0.37 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$8,000,000
  • Price per sq. ft.:$502.58

Parking

  • Total parking spaces:20
  • Parking description:Garage, Tandem, Uncovered
  • Garage:Yes
  • Garage spaces:8
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