2705 E Monroe St new Save Request In-Person Tour Request Virtual Tour
Carson,CA 90810
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,796 sqft
Price per Sqft $283
MLS Listing ID 25583537
Bedrooms 9
Year Built 1959
Lot Size 5,591 Sqft
Acres 0.1284
Property Sub-Type Multi-Family
Property Description
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 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.
Location
State CA
County Los Angeles
Area East Carson
Zoning CARM25U*
Rooms
Other Rooms Shed(s)
Interior
Heating Wall
Cooling None
Equipment Range/Oven, Refrigerator, Washer, Dryer, Microwave, Garbage Disposal
Exterior
Parking Features Carport Attached, Driveway, Gated
Garage Spaces 10.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard