Roy Rigsby - Desert Lifestyle Properties Logo
$1,947,500
 $10,455 est/mo Sourced by Back At You

432 N Poplar Avenue,Montebello, CA 90640

Montebello, CA 90640

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Description

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.

Details

MLS #CV26169898
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1949
Days On Site103
Listing Provided ByRE/MAX 2000 REALTY | Kristopher German

Features

SQ Feet3,916
Story(s)1
Units9
Building(s)1
ZoningMNC2*
Acreage0.35
Property ViewNone

Interior

CoolingWall Window Units
Cooling Yes / NoYes
Fireplace Yes / NoNo

Exterior

RoofShingle
Lot FeaturesZero To One Unit Acre
FencingBlock

Parking

Parking FeaturesAsphalt
Garage Yes / NoNo

Utilities

UtilitiesElectricity Available, Natural Gas Available, Sewer Available, Water Available
SewerPublic Sewer

Location

Community FeaturesGutters, Sidewalks

Area Information

StateCA
CountyLos Angeles
CityMontebello
Zip Code90640
Area674 Montebello
Listing VS Median (in 90640)
Price:
$1,947,500
low | high
Med:
$838,999
100% of Average
sqft:
3,916
low | high
Med:
1,358
100% of Average
$ / sqft:
$497
low | high
Med:
$618
25.769884202586% of Average
On site:
103
low | high
Med:
11
100% of Average
Sourced by Back At You

Market Activity 90640

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Learn More About This Property

Roy Rigsby

Roy Rigsby

Desert Lifestyle Properties

01399810 (760) 409-5117roy@desertrealestate4you.com
StateCA
CountyLos Angeles
CityMontebello
Zip Code90640
Area674 Montebello
Listing VS Median (in 90640)
Price:
$1,947,500
low | high
Med:
$838,999
100% of Average
sqft:
3,916
low | high
Med:
1,358
100% of Average
$ / sqft:
$497
low | high
Med:
$618
25.769884202586% of Average
On site:
103
low | high
Med:
11
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.46M - $2.434M
sqft: 2,500 - 4,500
Nearby Listings Property ImageNearby Listings Details
428 N Poplar Avenue Property Photo 1
$1,947,500
428 N Poplar Avenue
Montebello, CA 90640
Listing Updated: September 28, 2026 at 11:58:22 PM PDT