$ 1,590,000
-
$1,590,000
Price -
0
Bed - Bath
-
2,968
SqFt
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About the Listing RS4B - RSMARTNIC,YSABISUH
Incredible Investment Opportunity – 5-Unit Multifamily with High Cap Rate + Approved ADU Plans Now available is a well-performing 5-unit apartment complex in the desirable Bixby Knolls-adjacent neighborhood of Long Beach. Located at 2657 E Monroe St, this property offers above-market rental income, a high cap rate, and approved ADU plans—making it a standout opportunity for savvy investors. The property features five spacious units with strong in-place rents, professionally managed for hands-off ownership. Several units have been updated, and the property is well-maintained with minimal deferred maintenance. With city-approved plans to add an ADU, there’s clear upside potential to increase value and cash flow. Highlights Include: 5 Units | Strong Unit Mix | Fully Occupied Above-Market Rents | High Cap Rate Approved ADU Plans – Value-Add Opportunity Excellent Property Management in Place Ample On-Site Parking + Large Lot (Approx. 8,354 SF) Convenient Location Near Freeways, Transit, and Retail Whether you're expanding your portfolio or completing a 1031 exchange, this asset offers immediate income with long-term growth potential. Don’t miss this rare, turnkey opportunity in a high-demand rental market.
Listing Highlights for 2657 E Monroe
Status
Active
Days on Site
21
Property Type
Commercial Sale
MLS ®
RS25232133
Year Built
1926
Total Square Footage
2,968
Lot/Acreage
N/A
County
Los Angeles
Area
11 - Westside
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Ductless
- Heating: Ductless
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Roof:
- Others: 2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 7308014040
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Listing Location
Questions About..
2657 E Monroe Long Beach, CA 90810
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