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30 Units- Prime Montebello | North of Beverly 524 N Poplar Ave 30 Unit Apartment Building $6,788,888 ($226,296/Unit) 4.66% Cap Rate Montebello, CA 90640
INVESTMENT HIGHLIGHTS
- Eric Dilanian & Shant Sherbetdjian are Pleased to Present for Sale 30 Units in North Montebello! First Time on Market in Nearly 50 Years!
- Excellent, Highly Rentable Unit Mix: • (4) 2 Bed + 2 Bath • (18) 2 Bed + 1 Bath • (8) 1 Bed + 1 Bath
- Desirable Tenant Amenities | Two On-Site Laundry Rooms | Covered & Garage Parking
- Walking Distance to Shops, Restaurants & Daily Conveniences
- Value-Add Opportunity | Realistic Rental Upside of Approximately 38%
- AB 1482 Only | Not Subject to Any Local Rent Control Ordinances
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
| Price | $6,788,888 | Apartment Style | Low-Rise |
| Price Per Unit | $226,296 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.82 AC |
| Cap Rate | 4.66% | Building Size | 24,506 SF |
| Gross Rent Multiplier | 11.54 | No. Stories | 2 |
| No. Units | 30 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 1.39/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | MNR3YY | ||
| Price | $6,788,888 |
| Price Per Unit | $226,296 |
| Sale Type | Investment |
| Cap Rate | 4.66% |
| Gross Rent Multiplier | 11.54 |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 24,506 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | MNR3YY |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 18 | - | - |
| 2+2 | 4 | - | - |
| 1+1 | 8 | - | - |
1 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 5278-027-026 | Improvements Assessment | $1,480,486 |
| Land Assessment | $240,976 | Total Assessment | $1,721,462 |
PROPERTY TAXES
Parcel Number
5278-027-026
Land Assessment
$240,976
Improvements Assessment
$1,480,486
Total Assessment
$1,721,462
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30 Units- Prime Montebello | North of Beverly | 524 N Poplar Ave
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