2705 E Monroe St presents a rare opportunity to acquire a five unit apartment building in Carson, CA, offering a desirable mix of four 2-bedroom/1-bath units and one 3-bedroom/1-bath unit, totaling 3,796 rentable square feet on a 5,589 SF lot. Withall units currently on month-to-month leases and significant rental upside… Read More potential of approximately 82%, this property offers flexibility for investors seeking value-add opportunities or steady long-term income. Originally constructed in 1959, the property has been well maintained and benefits from recent capital improvements (2024), including a new roof, new gutters, freshly painted exterior, and updated wrought iron railings. Interior updates vary by unit, with recent renovations including new laminate flooring, updated kitchens & bathrooms, fresh interior paint, and new fixtures. Each unit is individually metered for gas and electric, which tenants currently pay for. The current ownership pays for water and trash. At market rents, the property has the potential to generate over $137,000 in annual gross income, with pro forma cap rates projected above 10%. Additional upside exists through further cosmetic upgrades and possible ancillary income opportunities. The property's central location in Carson provides convenient access to major freeways, employment hubs, and the ports of Los Angeles and Long Beach, making it attractive to a wide tenant base. Whether you are seeking to reposition for higher returns or secure a stable, well-located multifamily asset, 2705 E MonroeSt offers a compelling investment with strong fundamentals and substantial growth potential. Read Less
Listing Snapshot
Days Online
22
Last Updated
Property Type
Other
Beds
9
Square Ft.
3,796
Lot Size
0.13 Acres
Year Built
1959
MLS Number
25583537
30 Days Snapshot Of 90810
$651k
-12%
(avg) sold price
9
+12%
homes sold
74
+27%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Disposal, Microwave, Refrigerator, Dryer, Washer
Building
Built in 1959, Building area total: 3,796, Levels: Two, Living area: 3796, 2 stories, 1 building
Community
Gated
Cooling
None
Heating
WallFurnace
Income
Gross income: $75,300, Net operating income: $45,577
Based on information from California Regional Multiple Listing Service, Inc. as of 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.
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