432 N Poplar Avenue, Montebello, CA 90640

About this property

PRIME 9 UNIT SINGLE STORY INVESTMENT OPPORTUNITY IN THE DESIRABLE AREA OF MONTEBELLO. GENERATING A 5% CAP RATE AND 13.6 GRM ON CURRENT RENTS. THIS FANTASTIC INCOME PRODUCING ASSET IS IN GOOD CONDITION, ACROSS THE STREET FROM THE BEVERLY HOSPITAL AND SOUTH OF BEVERLY BLVD. WITH A UNIT MIX OF EASY TO RENT 1 BEDROOMS (7) AND 2 BEDROOMS (2) UNITS. THE PROPERTY SITS ON A LARGE 15000 + SQUARE FOOT LOT WITH ONE PARKING SPACE PER UNIT. PRIDE IN OWNERSHIP PROPERTY HAS MANY RECENT CAPITAL IMPROVEMENTS (EXTERIOR). PROPERTY IS SEPARATELY METERED FOR GAS AND ELECTRICITY FOR EACH UNIT, PROVIDING NEW OWNER WITH MINIMAL LANDLORD MAINTENANCE. THE PROPERTY'S LOCATION PROVIDES TENANTS WITH ACCESS TO 60 AND 605 FREEWAYS. CONVENIENTLY DISTANCES TO SCHOOLS, SHOPPING, PARKS, DINING AND ENTERTAINMENT. ALL SHOWINGS ARE SUBJECT TO ACCEPTED OFFER. PLEASE E-MAIL FOR MORE INFORMATION AND OFFERING MEMORANDUM.

Listing description from the September 2020 sale, as reported to CRMLS.

Sale history

$1,650,000

Sold September 2020 · listed $1,775,000, orig. $1,800,000, on market February 2020 · MLS #DW20040232 · Source: CRMLS

Listing Agent: David Gomez · Listing Office: Realty Executives Com. & Res. · Contact: 562-205-1700 · Bought with: Jagmeet Singh · Keller Williams Realty

$1,325,000

Sold April 2017 · listed $1,350,000, on market May 2016 · MLS #WS16126388 · Source: CRMLS

Listing Agent: JOE TSENG · Listing Office: TREELINE REALTY · Contact: 626-656-2889 · Bought with: SEVERO ARREOLA · ARREOLAS REALTY

$1,220,000

Sold September 2015 · listed $1,290,000, on market June 2015 · MLS #TR15127592 · Source: CRMLS

Listing Agent: Treasure Fang · Listing Office: IRN Realty · Contact: 626-447-5100 · Bought with: Treasure Fang · IRN Realty

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