Seller's Agent in 2020
David Gomez
Realty Executives
(323) 715-6261
2 in this area
28 Total Sales
432 N Poplar Ave Montebello, CA 90640
11
Beds
9
Baths
3,916
Sq Ft
0.35
Acres
About This Home
As of September 2020PRIME 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.
Last Agent to Sell the Property
Realty Executives Com. & Res. License #01805497 Listed on: 02/22/2020
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 0.35 Acre Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Interior Spaces
- 3,916 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 11 Bedrooms
- 9 Bathrooms
Parking
- 9 Open Parking Spaces
- 9 Parking Spaces
- Parking Available
- Assigned Parking
Location
- Suburban Location
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 109
- Tax Tract Number 5301
- Assessor Parcel Number 6347001003
Community Details
Overview
- 9 Units
Building Details
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $600
- Insurance Expense $2,400
- Maintenance Expense $600
- Trash Expense $3,600
- Water Sewer Expense $9,600
- New Taxes Expense $26,256
- Operating Expense $43,056
- Net Operating Income $92,544
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/29/2020 09/29/20 | Sold | $1,650,000 | -7.0% | $421 / Sq Ft | |
| 05/22/2020 05/22/20 | Price Changed | $1,775,000 | -4.1% | $453 / Sq Ft | |
| 03/24/2020 03/24/20 | Price Changed | $1,850,000 | +2.8% | $472 / Sq Ft | |
| 02/22/2020 02/22/20 | For Sale | $1,800,000 | +35.8% | $460 / Sq Ft | |
| 04/14/2017 04/14/17 | Sold | $1,325,000 | -1.9% | $338 / Sq Ft | View Prior Sale |
| 02/03/2017 02/03/17 | Pending | -- | -- | -- | |
| 05/29/2016 05/29/16 | For Sale | $1,350,000 | +10.7% | $345 / Sq Ft | |
| 09/05/2015 09/05/15 | Sold | $1,220,000 | -5.4% | $312 / Sq Ft | View Prior Sale |
| 07/08/2015 07/08/15 | Pending | -- | -- | -- | |
| 06/12/2015 06/12/15 | For Sale | $1,290,000 | -- | $329 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $30,575 | $2,122,416 | $1,591,812 | $530,604 |
| 2024 | $30,117 | $2,080,800 | $1,560,600 | $520,200 |
| 2023 | $30,087 | $2,040,000 | $1,530,000 | $510,000 |
| 2022 | $29,099 | $2,000,000 | $1,500,000 | $500,000 |
| 2021 | $24,003 | $1,650,000 | $1,100,000 | $550,000 |
| 2020 | $20,795 | $1,406,099 | $656,887 | $749,212 |
| 2019 | $20,170 | $1,378,529 | $644,007 | $734,522 |
| 2018 | $20,484 | $1,351,500 | $631,380 | $720,120 |
| 2016 | $18,479 | $1,220,000 | $570,000 | $650,000 |
| 2015 | $16,527 | $1,130,000 | $530,000 | $600,000 |
| 2014 | $12,801 | $842,392 | $526,495 | $315,897 |
Source: Public Records
Agents Affiliated with this Home
-
David Gomez
-
Jag Singh
Buyer's Agent in 2020
Jag Singh
Keller Williams - Eagle Rock
(626) 331-1234
39 Total Sales
-
Joe Tseng
Seller's Agent in 2017
Joe Tseng
TREELINE REALTY
(626) 203-3306
16 Total Sales
-
Severo Arreola
Buyer's Agent in 2017
Severo Arreola
ARREOLAS REALTY
(323) 807-7475
1 in this area
21 Total Sales
-
Treasure Fang
T
Seller's Agent in 2015
Treasure Fang
IRN Realty
(626) 447-5100
1 Total Sale
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW20040232
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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