428 & 432 Poplar Ave 2 biens | Immeuble residentiel | À vendre | 3 396 882 € | Montebello, CA

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 $3,945,000, 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.