432 N Poplar Avenue, Montebello, CA 90640
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
432 N Poplar Avenue,Montebello, CA 90640
$1,972,500
- - Beds
- - Baths
- 3,916 sq. ft.
- Multi-family
- Active
Listed by: kristopher german
Office: re/max 2000 realty626-956-0188
MLS#:CV26169898
Source:CRMLS
Price summary
- Price:$1,972,500
- Price per sq. ft.:$503.7
About this home
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....
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Home facts
- Year built:1949
- Listing ID #:CV26169898
- Added:1 day(s) ago
- Updated:August 06, 2026 at 10:36 AM
Rooms and interior
- Living area:3,916 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
Structure and exterior
- Roof:Shingle
- Year built:1949
- Building area:3,916 sq. ft.
- Lot area:0.35 Acres
- Levels:1 Story
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$1,972,500
- Price per sq. ft.:$503.7
Parking
- Total parking spaces:9
- Parking description:Asphalt
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