620 N Wilcox Ave, Montebello, CA 90640 620 N Wilcox Ave

17 Unit Apartment Building $5,200,000 ($305,882/Unit) 6.13% 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 $90 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/

PROPERTY FACTS

Price $5,200,000
Price Per Unit $305,882
Sale Type Investment
Cap Rate 6.13%
Gross Rent Multiplier 12.32
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

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 - -
Walk Score®
Very Walkable (80)

PROPERTY TAXES

ZONING

Zoning Code R3YY (Multiple Family Residential)
  • Listing ID: 33856626

  • Date on Market: 11/13/2024

  • Last Updated:

  • Address: 620 N Wilcox Ave, Montebello, CA 90640