Student Housing Portfolio with 216
For Sale
Contact for pricing
1761 Park Avenue, Long Beach, CA 90815
Five well-located assets total 216 beds, leased on a furnished by-the-bed model.
Property SizeContact for details
Days on Market88
Property Features for 1761 Park Avenue
General Information
Standard status
Active
Property subtype
Multifamily
Occupancy
100%
Net Operating Income
$2,067,500
Listing Agency:
Stepp Commercial
Listed By:
Robert Stepp · License #CA 01456379
(310) 463-2916
Source:
Crexi
Added: Jun 10
Changed: Aug 21
Last Checked: Sep 4 at 5:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Stepp Commercial
Investment Insights
Based on property information with market context.
Stepp Commercial presents the Vibe Housing Long Beach off-campus student housing portfolio, consisting of five assets with a total of 216 beds. The portfolio uses a “by the bed” leasing model, renting furnished individual beds rather than entire units.
The portfolio is positioned to benefit from consistent demand tied to California State University, Long Beach (CSULB). The remarks note a supply-constrained on-campus housing environment, with an on-campus housing saturation rate of approximately 7–8% and 3,200–3,500 beds serving a student population exceeding 42,000. The profile is supported by continued enrollment growth, with CSULB reaching 42,003 students in the 2024–2025 academic year. The most recent admissions cycle is also cited as strong, with approximately 84,000 applications.
From an operating standpoint, the model described is designed around annual lease cycling aligned with the academic calendar and recurring student turnover, contributing to refreshed demand across the beds.
The portfolio is positioned to benefit from consistent demand tied to California State University, Long Beach (CSULB). The remarks note a supply-constrained on-campus housing environment, with an on-campus housing saturation rate of approximately 7–8% and 3,200–3,500 beds serving a student population exceeding 42,000. The profile is supported by continued enrollment growth, with CSULB reaching 42,003 students in the 2024–2025 academic year. The most recent admissions cycle is also cited as strong, with approximately 84,000 applications.
From an operating standpoint, the model described is designed around annual lease cycling aligned with the academic calendar and recurring student turnover, contributing to refreshed demand across the beds.
Key Highlights
- Five well‑located student housing assets total 216 beds, leased on a furnished by‑the‑bed model.
- By‑the‑bed leasing rents individual furnished beds rather than entire units, helping reduce roommate coordination.
- Portfolio demand supported by CSULB with on‑campus housing saturation estimated at ~7–8% and 3,200–3,500 on‑campus beds serving 42,000+ students.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,013
Businesses Nearby
Explore this area
Business Placement
Demographics for 90815, CA
41,837
Population
15,908
Households
2.6
Avg Household Size
38
Median Age
53%
College-Educated
95%
High-School Grad
7.1 sq mi
ZIP Area
5,893
Density / Sq Mi
$116,567
Median Household Income
$66,669
Median Earnings
$2,263
Median Rent
$890,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Five well-located assets total 216 beds, leased on a furnished by-the-bed model.
Where is this apartment building located?
The property is located at 1761 Park Avenue Long Beach, CA.
What is the asking price?
The asking price for this property is $26,250,000.
What are key features of this property?
This property features: Five well‑located student housing assets total 216 beds, leased on a furnished by‑the‑bed model.; By‑the‑bed leasing rents individual furnished beds rather than entire units, helping reduce roommate coordination.; Portfolio demand supported by CSULB with on‑campus housing saturation estimated at ~7–8% and 3,200–3,500 on‑campus beds serving 42,000+ students.
