Skip To Content
    Return to Previous Page

    432 N Poplar Avenue

    Montebello, CA 90640
    • $1,775,000
    • STATUS: Active Under Contract
    • ON SITE: 206 days
    • ID#: DW20040232
    Under Contract
    UPDATED: 23 min ago
    $1,775,000
    • 0
      BEDS
    • 0.35
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,916
      SQFT
    • $453
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1949
    County:

    School Ratings & Info

    Description

    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.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-18T16:32:47.573. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or A|G Amaya Group Real Estate. Licensed in the State of California, USA.

    www.amayarealestategroup.com/homes/103510351
    Print Image

    432 N Poplar Avenue Montebello, CA 90640

    • Price: $1,775,000
    • Status: Active Under Contract
    • Updated: 23 min ago
    • ID#: DW20040232
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.35
    Acres
    3,916
    SQFT
    $453
    $/SQFT
    1949
    Built
    Neighborhood:
    674 - Montebello
    County:
    Los Angeles
    Area:
    674 - Montebello
    Property Description
    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.
    Exterior Features

    Garage Spaces 0.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Features Assigned Parking Total 9.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Uncovered Spaces 9.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area 430 Average1 Bed Area Units Square Feet Average2 Bed Area 430 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features None Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 5.21 Community Features Suburban Country Us Electric Expense 0.00 Elevation Units Feet Exclusions Tenants Personal Property Fuel Expense 0.00 Gardener Expense 600.00 Gross Income 0.00 Gross Multiplier 13.30 Gross Scheduled Income 135600.00 Insurance Expense 2400.00 Land Lease YN No Laundry YN No Maintenance Expense 600.00 Net Operating Income 92544.00 New Construction YN No New Taxes Expense 26256.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Operating Expense 43056.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 11300.00 Total Expenses 43056.00 Trash Expense 3600.00 Water Sewer Expense 9600.00 Water Source Public Year Built Source Assessor Zoning Mnc2*

    Listing provided courtesy of David Gomez of Realty Executives Com. & Res.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-18T16:32:47.573. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or A|G Amaya Group Real Estate. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364069010-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364069010-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364069010-1.jpg
    Logo
    A|G Amaya Group Real Estate
    27150 Eucalyptus Ave., Suite A
    Moreno Valley CA, 92555