432 N Poplar Ave Montebello, CA 90640
Montebello AreaEstimated payment $13,389/month
Highlights
- 0.35 Acre Lot
- Cooling System Mounted To A Wall/Window
- 1-Story Property
- No HOA
- Block Wall Fence
About This Home
Exceptional opportunity to acquire a 9-unit multi-family community in the highly desirable city of Montebello. Offered at $1,972,500, less than $220,000 per unit, this offering represents and outstanding value in one of the San Gabriel Valley's most supply-constrained rental markets. The property delivers excellent day-one cash flow with a current 6.86% CAP Rate, 10.20 GRM, and a 5.75% cash-on-cash return, while offering additional upside through market rent alignment with projected financials of a 7.15% CAP Rate, 9.90 GRM, and 6.57% cash-on-cash return. Situated on a 15,056 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 stable occupancy. Tenants pay for electricity and gas, while residents enjoy ample open-space parking and a spacious common area, enhancing the property's overall rental appeal. Conveniently 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 rental corridors. Additional opportunity: The adjoining 9-unit property (MLS #CV26169882)is also available for purchase, allowing investors the rare chance to acquire 18 units across two separate parcels. Whether purchased individually or as part of the larger portfolio, this offering combines strong in-place cash flow, attractive pricing, and meaningful upside, making it an outstanding investment opportunity in the Montebello multifamily market.
Listing Agent
RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 08/04/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1949
Lot Details
- 15,061 Sq Ft Lot
- Two or More Common Walls
- Block Wall Fence
- Density is up to 1 Unit/Acre
Home Design
- Apartment
- Entry on the 1st floor
- Shingle Roof
Interior Spaces
- 3,916 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 10 Bedrooms
- 9 Bathrooms
Parking
- 9 Open Parking Spaces
- 9 Parking Spaces
- Parking Available
- Driveway
Additional Features
- Rain Gutters
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Legal Lot and Block 6347 / 001
- Tax Tract Number 3
- Assessor Parcel Number 6347001003
- $2,233 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 9 Units
Building Details
- 9 Leased Units
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $538
- Fuel Expense $2,186
- Gardener Expense $1,200
- Insurance Expense $7,500
- Maintenance Expense $6,750
- Trash Expense $2,064
- Water Sewer Expense $3,885
- New Taxes Expense $26,340
- Operating Expense $52,263
- Gross Income $193,428
- Net Operating Income $135,362
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/04/2026 08/04/26 | For Sale | $1,972,500 | +19.5% | $504 / Sq Ft | |
| 09/29/2020 09/29/20 | Sold | $1,650,000 | -7.0% | $421 / Sq Ft | View Prior Sale |
| 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)
MLS Number: CV26169898
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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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