Ignite FB Tracking Pixel1600 N Stanton Place, Long Beach, CA 90804 - Taria Lewis and Earl Williams
Tolbert And Associates
Taria Lewis and Earl Williams, Tolbert And AssociatesPhone: (323) 365-3497
Email: [email protected]
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listing
1 of 6
Single FamilyFor Sale
$6,500,000
1600 N Stanton Place
Long Beach, CA 90804
Listed by: Tyler Leeson from Marcus & Millichap Re Invest, (949) 419-3200
MLS: Bay East Contra Costa (BECCAR)
21,686Sq Ft
Est. Mortgage
$33,652/mo

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 13.1 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 provi

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Information courtesy of Marcus & Millichap Re Invest is subject to verification and is not guaranteed.
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