428 N Poplar Avenue,Montebello, CA 90640
Montebello, CA 90640
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 an outstanding value in one of the San Gabriel Valley's most desirable multi-family markets. This investment offers excellent day-one cash flow with a current 6.85% CAP Rate, 10.30 GRM, and a 5.72% cash-on-cash return, while providing additional upside through market rent alignment with projected financials of a 7.24% CAP Rate, 9.90 GRM, and a 6.83% cash-on-cash return. Situated on a 15,072 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 broad tenant appeal and supporting consistent occupancy. Tenants pay for electricity and gas, while residents enjoy ample open-space parking and a spacious common area, creating an attractive rental environment. Ideally 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 and most established rental corridors. Additional opportunity: The adjoining 9-unit property (MLS# CV26169898) is also available for purchase, creating a rare opportunity to acquire 18 units across two separate parcels. Whether purchased individually or as part of the combined offering, this property combines strong in-place cash flow, compelling price-per-unit value, and meaningful upside potential, making it an excellent addition to any multifamily investment portfolio.
Details
| MLS # | CV26169882 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 23 |
| Listing Provided By | RE/MAX 2000 REALTY | Kristopher German |
Features
| SQ Feet | 3,916 |
|---|---|
| Story(s) | 1 |
| Units | 9 |
| Building(s) | 1 |
| Zoning | MNC2* |
| Acreage | 0.35 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Cooling Yes / No | Yes |
| Fireplace Yes / No | No |
Exterior
| Roof | Shingle |
|---|---|
| Lot Features | Zero To One Unit Acre |
| Fencing | Block |
Parking
| Parking Features | Assigned, Asphalt |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Electricity Available, Natural Gas Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Montebello |
| Zip Code | 90640 |
| Area | 674 Montebello |
| Listing VS Median (in 90640) | |
Price: $1,972,500 low | high Med: $1,100,000 sqft: 3,916 low | high Med: 2,500 $ / sqft: $504 low | high Med: $440 On site: 23 low | high Med: 199 | |
Market Activity 90640
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Montebello |
| Zip Code | 90640 |
| Area | 674 Montebello |
| Listing VS Median (in 90640) | |
Price: $1,972,500 low | high Med: $1,100,000 sqft: 3,916 low | high Med: 2,500 $ / sqft: $504 low | high Med: $440 On site: 23 low | high Med: 199 | |
 | $1,972,500432 N Poplar AvenueMontebello, CA 90640 |