524 N Poplar Ave - Apartments FOR SALE


Montebello, CA 90640
$6,788,888 USD
213-233-4379
524 N Poplar Ave, Montebello, CA for Sale
$6,788,888 USD
Apartments - FOR SALE
1/30
null | 4.66% Cap Rate

524 N Poplar Ave
Montebello, CA 90640


HIGHLIGHTS

  • Eric Dilanian & Shant Sherbetdjian are Pleased to Present for Sale 30 Units in North Montebello! First Time on Market in Nearly 50 Years!
  • Walking Distance to Shops, Restaurants & Daily Conveniences
  • Excellent, Highly Rentable Unit Mix: • (4) 2 Bed + 2 Bath • (18) 2 Bed + 1 Bath • (8) 1 Bed + 1 Bath
  • Value-Add Opportunity | Realistic Rental Upside of Approximately 38%
  • Desirable Tenant Amenities | Two On-Site Laundry Rooms | Covered & Garage Parking
  • AB 1482 Only | Not Subject to Any Local Rent Control Ordinances

OVERVIEW

Eric Dilanian and Shant Sherbetdjian of RE/MAX Commercial & Investment Realty, are pleased to present for sale an exceptional investment opportunity nestled in one of North Montebello’s most desirable residential pockets—just north of Beverly Blvd—this 30-unit multifamily community is being offered for sale for the first time in nearly half a century. Long held, the property presents a rare chance to acquire an asset with substantial rental upside in a consistently strong rental market. The building features an ideal and highly rentable mix of spacious floor plans: four 2-bedroom/2-bath units, eighteen 2-bedroom/1-bath units, and eight 1-bedroom/1-bath units. This property presents an exceptional opportunity for an astute investor to capture meaningful value-add potential, with a realistic rental upside of approximately 38%. The potential to significantly enhance income is both evident and attainable. Residents enjoy convenient on-site amenities including two dedicated laundry rooms along with covered and garage parking, a rare advantage in the neighborhood. The property’s location offers exceptional walkability—just a short stroll to the restaurants, cafés, and everyday conveniences along Beverly Blvd and Montebello Blvd. Adding to its investment appeal, the property is only subject to statewide AB 1482 and not impacted by local rent control measures, allowing greater flexibility in managing future rent growth. Disclosure: Buyer to conduct any/all due diligence including but not limited to the building square footage, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning, market rents, Soft-Story Compliance, and the ability to construct ADU(s) or additional units. The property is being offered for sale alongside a portfolio totaling (49 Units) with apartments located in Silver Lake, San Gabriel, and Alhambra. Properties can be sold together as a portfolio or individually. DO NOT DISTRUB TENANTS OR WALK ON THE PROEPRTY WITHOUT AN APPOINTMENT WITH THE LISTING OFFICE.

FOR SALE DETAILS

PRICE

$6,788,888 USD

PRICE/SF

$277 USD /SF

# OF UNITS

30

PRICE/UNIT

$226,296

CAP RATE

4.66%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

30 Units- Prime Montebello | North of Beverly

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,796 SF

ZONING

MNR3YY

APN/PARCEL ID

5278-027-026

ASK ABOUT THIS PROPERTY

Eric DilanianRE/MAX Commercial & Investment RealtyMore Info
213-233-4379

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Eric DilanianRE/MAX Commercial & Investment RealtyMore Info
213-233-4379

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