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Listed by Nicholas Orseno • Four Brothers Real Estate Inc.
$ 1,590,000
Est. payment /mo
New
2657 E Monroe Long Beach, CA 90810
2,968 SqFt
UPDATED:
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
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