$ 1,947,500
-
$1,947,500
Price -
10
Bed -
9
Bath -
3,916
SqFt -
0.35
Acre
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About the Listing 51247 - CV33418
18 Units Montebello Priced at 7% CAP Rate!!! Offered at $1,947,500, $216,000 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 7% CAP Rate, 10 GRM, and a 6% cash-on-cash return, while providing additional upside through market rent alignment. 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. The adjoining 9-unit property (MLS# CV26169882) must be purchased in addition to this property, creating a rare opportunity to acquire 18 units across two separate parcels. When purchased as a combined offering, this property offers strong in-place cash flow, compelling price-per-unit value, and meaningful upside potential, making it an excellent addition to any multi-family investment portfolio.
Listing Highlights for 432 N Poplar Ave
Interior Details
- Bedrooms: 10
- Bathrooms: 9 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating:
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 9
- Zoning: MNC2*
- Roof: Shingle
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Asphalt
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 6347001003
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
432 N Poplar Ave Montebello, CA 90640
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