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Listed by Kristopher German, DRE #01800021 • RE/MAX 2000 REALTY
$ 1,972,500
Est. payment /mo
New
432 N Poplar AVE Montebello, CA 90640
0.35 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV26169898
Year Built 1949
Lot Size 0.346 Acres
Source California Regional MLS
Property Description
Exceptional opportunity to acquire a 9-unit multi-family community in the highly desirable city of Montebello. Offered at $1,972,500, less than $220,000 per unit, this offering represents and outstanding value in one of the San Gabriel Valley's most supply-constrained rental markets. The property delivers excellent day-one cash flow with a current 6.86% CAP Rate, 10.20 GRM, and a 5.75% cash-on-cash return, while offering additional upside through market rent alignment with projected financials of a 7.15% CAP Rate, 9.90 GRM, and 6.57% cash-on-cash return. Situated on a 15,056 sq. ft. lot, the property features a desirable unit mix consisting of one 2-Bedroom/1-Bath unit and eight 1-Bedroom/1-Bath units, providing stable occupancy. Tenants pay for electricity and gas, while residents enjoy ample open-space parking and a spacious common area, enhancing the property's overall rental appeal. Conveniently located just off Beverly Boulevard, the property is within close proximity to Beverly Hospital, shopping, dining, and major retail, placing it in one of Montebello's strongest rental corridors. Additional opportunity: The adjoining 9-unit property (MLS #CV26169882)is also available for purchase, allowing investors the rare chance to acquire 18 units across two separate parcel
Location
State CA
County Los Angeles
Area 674 - Montebello
Rooms
Kitchen None
Interior
Cooling Window / Wall Unit
Laundry None
Exterior
Parking Features Other
Garage Spaces 9.0
Pool 31, None
View None
Roof Type Shingle
Building
Story One Story
Water District - Public
Others
Tax ID 6347001003
Special Listing Condition Not Applicable
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