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$6,150,000
161 Days Online

1600 N Stanton Place
Long Beach, CA 90804

For Sale|Multi-Family|Pending
County:
Los Angeles
Listed by Tyler Leeson of Marcus & Millichap RE Invest 714-713-9086

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562.896.2456
1600 N Stanton Place1600 N Stanton Place1600 N Stanton Place1600 N Stanton Place
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Monthly Payment (Est.)

$28,059
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Waterstone Apartments is a 27-unit multifamily investment property located at 1600 North Stanton Place in Long Beach, California. Built in 1964, Waterstone Apartments offers a desirable mix of one and two-bedroom floor plans with amenities including gated access, private balconies (select units), and gated garage parking. Long Beach’s strong rental metrics, including a 2022 vacancy rate of just 4.0 percent and year-over-year rent growth of 8.5 percent, are evidence of the substantial demand for rental units in the area. Currently, 8 units have received substantial improvements including shaker-style cabinetry, quartz countertops, vinyl flooring, stainless steel appliances and more. Through the continuation of this interior renovation plan, a new owner could potentially achieve a 12 percent increase in rental income. The property benefits from its location just south of Long Beach City College, Pacific Coast Campus, a major employer and housing driver for the city of Long Beach. Waterstone Apartments is situated in close proximity to Pacific Coast Highway and Cherry Avenue, two major thoroughfares that connect residents to Interstates 405 and 605. Additionally, residents enjoy access to Signal Hill’s numerous parks and trails. The neighborhoods surrounding the property provide tenants convenient access to a wide variety of activities, employment, transportation, and retail amenities. This overall demand for a well-located and maintained apartment building will be a key driver in the continued growth and success at Waterstone Apartments.

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Listing Snapshot
Price 
$6,150,000
Days Online 
161 Days
Bedrooms 
N/A
Inside Area (SqFt) 
21,686 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.49 Acres
Year Built 
1964
MLS® Number 
OC23207083
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 weeks agoListing updated with changes from the MLS®
4 weeks agoStatus changed to Pending
a month agoPrice changed to $6,150,000
5 months agoListing first seen online
General Features
Parking Spaces 
23
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
0.49
Water 
Public
Property Sub Type 
Apartment
Garage Spaces 
23
Zoning 
LBR2N
Listing Conditions 
Standard
Interior Features
Laundry Features 
None
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Exterior Features
Pool Features 
None
Lot 
Street Level
Community Features
Community Features 
CurbsSidewalks
Senior Community 
No
MLS Area 
699 - Not Defined


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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