524 N Poplar Avenue

Montebello, CA 90640

We 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, cafes, 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.

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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.