Montebello Triplex on Large
For Sale
$1,499,000
932 S Montebello Boulevard, Montebello, CA 90640
Triplex with strong income potential on a large lot.
Property Size3,102 SF
Lot Size0.35 Acres
Price / SF$483.24
Days on Market467
Property Features for 932 S Montebello Boulevard
General Information
Standard status
Active
Size
3,102 SF
Lot size
0.35 Acres
Property subtype
Multi Family
Building Details
Year Built
1950
Listing Agency:
HOMEGROWN WEALTH INC.
(626) 456-1911
Listed By:
JONSON NGUYEN · License #01840344
(626) 456-1911
Source:
Exitrealty
Added: May 20, 2025
Changed: Aug 25
Last Checked: Aug 29 at 5:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HOMEGROWN WEALTH INC.
Investment Insights
Based on property information with market context.
This triplex, located in a desirable Montebello neighborhood, offers a total of 3,102 square feet of living space. The property is situated on a lot of over 15,383 square feet. It consists of multiple rental units generating monthly income, making it suitable for investors seeking long-term returns. Each unit has a garage for parking and storage. All units are occupied. The property is conveniently located near schools, shopping centers, and major freeways, providing access to the surrounding area.
Key Highlights
- Strong monthly income from multiple rental units.
- Large 15,383+ sq ft lot offers development potential.
- Triplex with 3,102 sq ft of living space.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$54,172
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,083,440
$1.1M
Cap Rate 7%
$773,886
$773.9K
Cap Rate 9%
$601,911
$601.9K
Market Conditions
NOI Build-Up for 3,102 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$83.8K $27.00/SF
− Vacancy
−$6.4K −$2.05/SF
EGI
$77.4K $24.95/SF
− OpEx
−$23.2K −$7.48/SF
NOI
$54.2K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,083,440
Cap Rate 7%
$773,886
Cap Rate 9%
$601,911
Alternative Uses
Best Use
Multifamily LT 5
$773.9K
$677.2K – $902.9K
NOI $54,172 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$713.1K
$623.9K – $831.9K
NOI $49,914 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,256 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
652
Businesses Nearby
Explore this area
Business Placement
Demographics for 90640, CA
62,678
Population
20,438
Households
3.1
Avg Household Size
38
Median Age
22%
College-Educated
74%
High-School Grad
8.3 sq mi
ZIP Area
7,552
Density / Sq Mi
$74,833
Median Household Income
$37,983
Median Earnings
$1,771
Median Rent
$660,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex with strong income potential on a large lot.
Where is this triplex located?
The property is located at 932 S Montebello Boulevard Montebello, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Strong monthly income from multiple rental units.; Large 15,383+ sq ft lot offers development potential.; Triplex with 3,102 sq ft of living space.
