1761 Park Avenue, Long Beach, CA 90815
sale
$8,000,000
|
Other
Courtesy Of Keller Williams Realty SELA
Stepp Commercial is pleased to present 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 South Bay and Orange County. CSULB has 3,500 on-campus beds serving more than 42,000 students-an on-campus housing saturation rate of approximately 8%-leaving the overwhelming majority of students reliant on the private housing market. Demand is further supported by record enrollment and approximately 84,000 applications in the most recent admissions cycle, the highest applicant volume in the 23-campus CSU system. This persistent supply-demand imbalance provides Park Villa Apartments with a deep, recurring renter pool. Combined with annual lease resets, recurring new-student demand and approximately 25% tenant retention, the property's by-the-bed model provides a compelling foundation for stable occupancy, income growth and long-term student housing demand.
Read More About This Property
Read Less About This Property
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Property Features
- Age: Over 50 Years Old
- Building Units: 18
- Floors: 2
- MLSID: PW26215271
- Parking Spaces: 20
- Rooms: Bedroom 21
- Rooms: Bedroom 20
- Rooms: Bedroom 64
- Rooms: Bedroom 63
- Rooms: Laundry Room
- Rooms: Bedroom 62
- Rooms: Bedroom 25
- Rooms: Bedroom 24
- Rooms: Bedroom 23
- Rooms: Bedroom 22
- Rooms: Bedroom 29
- Rooms: Bedroom 28
- Rooms: Bedroom 27
- Rooms: Bedroom 26
- Rooms: Bedroom 3
- Rooms: Bedroom 2
- Rooms: Bedroom 1
- Rooms: Bedroom 7
- Rooms: Bedroom 6
- Rooms: Bedroom 5
- Rooms: Bedroom 4
- Rooms: Bedroom 9
- Rooms: Bedroom 8
- Rooms: Bedroom 10
- Rooms: Bedroom 54
- Rooms: Bedroom 53
- Rooms: Bedroom 52
- Rooms: Bedroom 51
- Rooms: Bedroom 58
- Rooms: Bedroom 14
- Rooms: Bedroom 13
- Rooms: Bedroom 57
- Rooms: Bedroom 56
- Rooms: Bedroom 12
- Rooms: Bedroom 11
- Rooms: Bedroom 55
- Rooms: Bedroom 18
- Rooms: Bedroom 17
- Rooms: Bedroom 16
- Rooms: Bedroom 59
- Rooms: Bedroom 15
- Rooms: Bedroom 19
- Rooms: Bedroom 61
- Rooms: Bedroom 60
- Rooms: Bedroom 43
- Rooms: Bedroom 42
- Rooms: Bedroom 41
- Rooms: Bedroom 40
- Rooms: Bedroom 47
- Rooms: Bedroom 46
- Rooms: Bedroom 45
- Rooms: Bedroom 44
- Rooms: Bedroom 49
- Rooms: Bedroom 48
- Rooms: Bedroom 50
- Rooms: Bedroom 32
- Rooms: Bedroom 31
- Rooms: Bedroom 30
- Rooms: Bedroom 36
- Rooms: Bedroom 35
- Rooms: Bedroom 34
- Rooms: Bedroom 33
- Rooms: Bedroom 39
- Rooms: Bedroom 38
- Rooms: Bedroom 37
Data powered by Attom Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
