428 N Poplar Ave - Apartments FOR SALE


Montebello, CA 90640
$3,945,000 USD
626-427-0786
428 N Poplar Ave, Montebello, CA for Sale
$3,945,000 USD
Apartments - FOR SALE
1/9
null | 6.86% Cap Rate

428 N Poplar Ave
Montebello, CA 90640


HIGHLIGHTS

  • Unbelievable Pricing in Montebello: $3,495,000 for 18 Units or $1,972,500 per 9-Unit Property
  • Delivers an Impressive 6.86% CAP Rate and 10.25 GRM
  • Unit Mix: (2) 2-Bed/1-Bath & (16) 1-Bed/1-Bath Units
  • All Single-Story Construction on HUGE 30,128 Sq. Ft. Lot
  • Tenants Pay For Electricity & Gas Usage
  • Excellent Location Just Off Beverly Blvd. Near Retail & Beverly Hospital

OVERVIEW

Just Listed! Kristopher German of The Apartment Dealer is pleased to offer a rare opportunity to acquire two side-by-side 9-unit apartment properties in the highly desirable city of Montebello, offering investors the ability to purchase 18 units across two separate parcels. The properties are available for purchase together or separately, providing flexibility for buyers. Offered at $3,495,000, this investment delivers an impressive 6.86% CAP Rate and 10.25 GRM, generating excellent cash flow from day one. The properties feature all single-story construction situated on a combined 30,128 sqft lot. The unit mix consists of Two 2-Bedroom/1-Bath units and Sixteen 1-Bedroom/1-Bath units, offering broad tenant appeal and stable occupancy. Tenants pay for electricity and gas, while residents enjoy abundant open-space parking and spacious common areas, enhancing the overall rental community. Ideally located just off Beverly Boulevard near Beverly Hospital, major retail, restaurants, and everyday conveniences, the properties are positioned within one of Montebello's strongest rental corridors. Whether acquired as an 18-unit portfolio or as individual 9-unit assets, this offering represents an exceptional opportunity to purchase a well-performing investment with strong in-place cash flow, attractive pricing, and the flexibility to scale a multi-family portfolio.

FOR SALE DETAILS

PRICE

$3,945,000 USD

PRICE/SF

$1,007 USD /SF

# OF UNITS

18

PRICE/UNIT

$219,167

CAP RATE

6.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

18U Montebello: 6.86% CAP Rate! 10.25 GRM

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,128 SF

ZONING

MNC2*

APN/PARCEL ID

6347-001-004

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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Kristopher GermanThe Apartment DealerMore Info
626-427-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.