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620 N Wilcox Ave, Montebello, CA 90640 620 N Wilcox Ave 17 Unit Apartment Building $5,198,000 ($305,765/Unit) 6.50% Cap Rate Montebello, CA 90640
Investment Highlights
- 17-unit property, all 2-bedroom, 2-bathroom units.
- Each unit is separately metered for electricity and gas, with a single water meter, and includes on-site laundry units owned.
- 26 parking spaces; 17 spaces for each unit and additional 9 extra generate $90 monthly each.
Executive Summary
Long time Owners! First time on the market in 47 years!! This rare 17-unit property in Montebello, CA, features all 2-bedroom, 2-bathroom units in a highly sought-after, low-vacancy area. Each unit is separately metered for electricity and gas, with a single water meter, and includes on-site laundry units owned and included in the sale for additional income. With 26 parking spaces, each unit comes with its own designated spot, while nine extra spaces generate $120 monthly each. The property is securely gated in both the front and back, with convenient alley access and a remote-controlled gate at the rear. Centrally located with quick access to the 60, 710, and 5 freeways, it’s just 1.3 miles from Montebello Country Club and 2.2 miles from Topgolf Montebello.
DOWNLOAD FULL MARKETING PDF:
https://www.donaldlarealty.com/commercial/properties/620-n-wilcox-ave-montebello-ca-90640/
DOWNLOAD FULL MARKETING PDF:
https://www.donaldlarealty.com/commercial/properties/620-n-wilcox-ave-montebello-ca-90640/
Property Facts
| Price | $5,198,000 | Property Subtype | Apartment |
| Price Per Unit | $305,765 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.49 AC |
| Cap Rate | 6.50% | Building Size | 18,436 SF |
| Gross Rent Multiplier | 11.77 | No. Stories | 2 |
| No. Units | 17 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 1.41/1,000 SF |
| Zoning | R3YY - Multiple Family Residential | ||
| Price | $5,198,000 |
| Price Per Unit | $305,765 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Gross Rent Multiplier | 11.77 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 18,436 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.41/1,000 SF |
| Zoning | R3YY - Multiple Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Kitchen
- Oven
- Family Room
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Courtyard
- Private Bathroom
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 17 | - | - |
1 1
Walk Score®
Very Walkable (73)
Property Taxes
| Parcel Number | 5294-009-016 | Improvements Assessment | $855,448 |
| Land Assessment | $145,136 | Total Assessment | $1,000,584 |
Property Taxes
Parcel Number
5294-009-016
Land Assessment
$145,136
Improvements Assessment
$855,448
Total Assessment
$1,000,584
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620 N Wilcox Ave, Montebello, CA 90640 | 620 N Wilcox Ave
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