2657 E Monroe new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90810
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 2,968 sqft
Price per Sqft $535
MLS Listing ID CRRS25232133
HOA Y/N No
Year Built 1926
Lot Size 8,354 Sqft
Property Sub-Type Comm Ind For Sale
Source Datashare California Regional
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
Interior
Heating Other
Cooling Other
Fireplace No
Building
Water Public