432 N Poplar Avenue
Property Overview
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 parcels. Whether purchased individually or as part of the larger portfolio, this offering combines strong in-place cash flow, attractive pricing, and meaningful upside, making it an outstanding investment opportunity in the Montebello multifamily market.
Home Details
- Property type
- Residential Income - Apartment
- Year built
- 1949
- Lot size
- 15,061 sq ft
- Parking
- 9 spaces
- Stories
- 1
- Days on market
- 0
- MLS status
- Active
- Zoning
- MNC2*
Features & Amenities
Parking
- Asphalt
Pool
- None
Lot
- Zero To One Unit Acre
Community, Schools & Utilities
Community
- View
- None
Utilities
- Cooling
- WallWindowUnits
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions About 432 N Poplar Avenue
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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