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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.
Property Type(s):
Commercial
| Last Updated | 10/20/2025 | Year Built | 1926 |
|---|---|---|---|
| Community | 11 - Westside | County | Los Angeles |
Additional Details
| AIR | Ductless |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 11 - Westside |
| HEAT | Ductless |
| LOT | 8355 sq ft |
| STORIES | 1 |
| WATER | Public |
Location
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Listed with Four Brothers Real Estate Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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