1600 N Stanton Place
Long Beach, CA 90804
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1964 build
- – on site
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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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Last updated May 31, 2024
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MLS# OC23207083 —
The Building
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Year Built:1964
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Year Built Source:Assessor
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New Construction:No
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Entry Level:1
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Common Walls:No Common Walls
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Building Area Total:21686.00
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Building Area Units:Square Feet
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# of Buildings:2
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Total Number Of Units:27
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Stories Total:2
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# of Separate Gas Meters:27
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# of Separate Water Meters:1
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# of Separate Electric Meters:27
Interior
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Levels:Two
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Entry Location:First Floor
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Laundry:None
Location
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Directions:Nearby Cross Streets: Stanton Place & East 17th Street
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Latitude:33.78716900
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Longitude:-118.16431100
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Zoning:LBR2N
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Lot Features:Level with Street
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Lot Size Area:0.4900
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Lot Size Acres:0.4900
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Lot Size SqFt:21344.40
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Lot Size Source:Assessor
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Block:4
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Tax Census Tract:5751.01
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Tax Tract:575...
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Tax Lot:19
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7260013027
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Curbs, Sidewalks
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Pool:None
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Private Pool:No
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Assessments:Yes
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Assessments:Special Assessments
Parking
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Parking Spaces:23.00
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Garage Spaces:23.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/31/24
May 31, 2024
|
Sold | CRMLS_CA | $5,950,000 | -3.3% |
|
3/21/24
Mar 21, 2024
|
Pending | CRMLS_CA | $6,150,000 | |
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3/11/24
Mar 11, 2024
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Price Changed | CRMLS_CA | $6,150,000 | -5.4% |
