2657 2657 E Monroe new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90810
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID RS25232133
HOA Y/N No
Year Built 1926
Lot Size 8,354 Sqft
Property Sub-Type Multi Family
Property Description
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.
Location
State CA
County Los Angeles
Area 11 - Westside
Interior
Heating Ductless
Cooling Ductless
Fireplace No
Laundry Common Area
Building
Lot Description 2-5 Units/Acre
Story 1
Water Public
Others
Tax ID 7308014040
Special Listing Condition Standard