Description
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.
Location
Similar Listings
$8,600,000
MLS# ML81956167
ACTIVE
Listing Agent: Delia Fei
Listing Office: Compass
3 Beds
3 Baths
2,830 Sq ft
$8,500,000
MLS# ML81960295
ACTIVE
Listing Agent: Ronald Ikebe
Listing Office: Ronald K. Ikebe, Broker
$8,500,000
MLS# ML81957769
ACTIVE
Listing Agent: Gina Haggarty
Listing Office: Compass
$8,500,000
MLS# ML81952103
ACTIVE
Listing Agent: Ronald Ikebe
Listing Office: Ronald K. Ikebe, Broker
4,754 Sq ft
$8,500,000
MLS# ML81958300
ACTIVE
Listing Agent: Andy Sweat
Listing Office: KW Bay Area Estates
9 Beds
5 Baths
4,754 Sq ft
$8,500,000
MLS# ML81958297
ACTIVE
Listing Agent: Andy Sweat
Listing Office: KW Bay Area Estates
4 Beds
5 Baths
4,830 Sq ft
$8,500,000
MLS# ML81958693
ACTIVE
Listing Agent: Linda Hymes
Listing Office: Intero Real Estate Services
5 Beds
3 Baths
1,800 Sq ft
$8,499,989
MLS# DW22123679
ACTIVE
Listing Agent: George Valencia
Listing Office: Century 21 A Better Service
$8,499,989
MLS# DW22125033
ACTIVE
Listing Agent: George Valencia
Listing Office: Century 21 A Better Service
6 Beds
7 Baths
4,988 Sq ft
$8,480,000
MLS# ML81962910
ACTIVE
Listing Agent: Lan L. Bowling
Listing Office: Keller Williams Palo Alto
6 Beds
8 Baths
4,542 Sq ft
$8,399,888
MLS# ML81964515
ACTIVE
Listing Agent: Joe Velasco
Listing Office: Intero Real Estate Services
$8,350,000
MLS# ML81960906
ACTIVE
Listing Agent: Brigitte Schlatter
Listing Office: Schlatter Associates Inc
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 27th May, 2024 9:38 AM (UTC)
Listing Agent: Tyler Leeson
Listing Office: Marcus & Millichap RE Invest
Attribution contact:
714-713-9086
