# 1761 Park Avenue, Long Beach, CA 90815 > **TL;DR:** commercial, $8,000,000, built 1963. > 8-car garage. Est. $42,785/mo. Listed 9 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $8,000,000 | | Year Built | 1963 | | Lot Size | 16,235 sqft (0.37 acres) | | Stories | 2 | | Garage | 8-car | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 9 | ## Why This Home Stands Out - **Large Garage** - 8-car garage ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $40,452 | | Estimated Insurance | $2,333 | | **Total** | **$42,785** | ## Key Amenities - 8-car garage ## Property Highlights - Built in 1963 - 0.37 acre lot - 2 stories - 20 parking spaces ## Description ### Agent Description 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. ## Location - **Address:** 1761 Park Avenue, Long Beach, CA 90815 - **County:** Los Angeles - **Neighborhood:** Circle (CA) - **Coordinates:** 33.789462, -118.137226 - **Google Maps:** https://www.google.com/maps?q=33.789462,-118.137226 ## Listing Agent - **Name:** Robert Stepp · **License:** 01456379 - **Brokerage:** Keller Williams Realty SELA - **Phone:** 3104632916 - **Broker Phone:** (562) 334-1511 ## Photos ![1761 Park Avenue - Photo 1](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f3388475675r.jpg) ![1761 Park Avenue - Photo 2](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f2297553641r.jpg) ![1761 Park Avenue - Photo 3](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f552605577r.jpg) ![1761 Park Avenue - Photo 4](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f1073601936r.jpg) ![1761 Park Avenue - Photo 5](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f2624078359r.jpg) ![1761 Park Avenue - Photo 6](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f4169427486r.jpg) ![1761 Park Avenue - Photo 7](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f2592274672r.jpg) ![1761 Park Avenue - Photo 8](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f488051732r.jpg) ![1761 Park Avenue - Photo 9](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f3996032866r.jpg) ![1761 Park Avenue - Photo 10](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f4112884647r.jpg) ![1761 Park Avenue - Photo 11](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f1837318124r.jpg) ![1761 Park Avenue - Photo 12](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f596951006r.jpg) ![1761 Park Avenue - Photo 13](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f4125454639r.jpg) ![1761 Park Avenue - Photo 14](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f638606370r.jpg) ![1761 Park Avenue - 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Photo 45](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f2137806068r.jpg) ![1761 Park Avenue - Photo 46](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f2647110464r.jpg) ![1761 Park Avenue - Photo 47](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f2333165182r.jpg) ![1761 Park Avenue - Photo 48](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f2305764370r.jpg) ![1761 Park Avenue - Photo 49](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f2313251080r.jpg) ![1761 Park Avenue - Photo 50](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f515542849r.jpg) ![1761 Park Avenue - Photo 51](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f3149589042r.jpg) ![1761 Park Avenue - Photo 52](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f3836023109r.jpg) ![1761 Park Avenue - Photo 53](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f3793615010r.jpg) ![1761 Park Avenue - Photo 54](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f342108229r.jpg) ![1761 Park Avenue - Photo 55](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f2801517049r.jpg) ![1761 Park Avenue - Photo 56](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f2568503614r.jpg) ![1761 Park Avenue - Photo 57](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f3691584830r.jpg) ![1761 Park Avenue - Photo 58](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f677378306r.jpg) ![1761 Park Avenue - Photo 59](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f125968920r.jpg) ![1761 Park Avenue - Photo 60](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f1909297812r.jpg) ![1761 Park Avenue - Photo 61](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f3879938685r.jpg) ![1761 Park Avenue - Photo 62](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f2676530542r.jpg) ![1761 Park Avenue - Photo 63](http://lh.rdcpix.com/e4351fd512317b0e1c36f855bfeafed7l-f3101073135r.jpg) --- **MLS#:** PW26215271 | **Updated:** 2026-10-06 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/1761-park-avenue-long-beach-ca-90815-26215271) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/1761-park-avenue-long-beach-ca-90815-26215271#listing", "url": "https://www.propertysimple.ai/listing/1761-park-avenue-long-beach-ca-90815-26215271", "name": "1761 Park Avenue, Long Beach, CA 90815", "description": "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. 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