16
See all 16 photos
$1,075,000
Est. payment /mo
9 Beds
5 Baths
3,796 SqFt
New
2705 E Monroe ST Carson, CA 90810
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,796 sqft
Price per Sqft $283
MLS Listing ID 25583537
Bedrooms 9
HOA Y/N No
Year Built 1959
Lot Size 5,593 Sqft
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 140 - East Carson
Zoning CARM25U*
Rooms
Other Rooms Shed(s)
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Disposal, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Attached Carport, Driveway, Gated
Community Features Gated
Total Parking Spaces 10
Building
Story 2
Entry Level Two
Level or Stories Two
Additional Building Shed(s)
New Construction No
Others
Senior Community No
Tax ID 7308015022
Security Features Gated Community
Special Listing Condition Standard
Listed by John McCann Lyon Stahl Investment Real Estate, Inc.