2657 E Monroe
Long Beach, CA 90810
0.19 acres | #RS25232133
Description
Incredible Investment Opportunity – 5-Unit Multifamily with High Cap Rate + Approved ADU Plans<br />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.<br />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.<br />Highlights Include:<br />5 Units | Strong Unit Mix | Fully Occupied<br />Above-Market Rents | High Cap Rate<br />Approved ADU Plans – Value-Add Opportunity<br />Excellent Property Management in Place<br />Ample On-Site Parking + Large Lot (Approx. 8,354 SF)<br />Convenient Location Near Freeways, Transit, and Retail<br />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.
Property Details
- Lot DescriptionTwoToFiveUnitsAcre
- Property TypeMulti-Family
- CountyLos Angeles
- Property SubtypeMultiFamily
- Original List Price$1,590,000
- MLS #RS25232133
- MLS #RS25232133
- Cost1590000
- Acres0.1918
- Utility SourcePublic
- Year Built1926
- Stories1
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Provided By
Listing Agent: Nicholas Orseno (#RSMARTNIC)
Listing Office: Four Brothers Real Estate Inc. (#RS4B)
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