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.