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20716080

620 N Wilcox Ave, Montebello, CA 90640

DL
CA CA 01928418
ATLAS GROUP - EXP REALTY
Listed by ATLAS GROUP - EXP REALTY
$5,198,000
572 days on market
Updated 23 days ago

620 N Wilcox Avenue, Montebello, CA 90640

Details
APN 5294009016
Property Type Multifamily
Sub Type Apartment Building
Square Footage 18,436
Units 17
Cap Rate 6.96%
NOI $361,531
Occupancy 94%
Pro-Forma Cap Rate 7.43%
Price per SqFt $282
Broker Co-Op Yes
Year Built 1964
Stories 3
Lot Size (SqFt) 21,407
Investment Type Value Add
Occupancy Date 11/13/2024

Multifamily | 17 Units | $305,882/unit

Marketing description

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 25 parking spaces, each unit comes with its own designated spot, while eight 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.

Investment highlights

VIEW FULL MARKETING PACKAGE:

https://atlasgrouprealty.com/commercial/620-north-wilcox-avenue

Listing Contacts

DL
CA CA 01928418
ATLAS GROUP - EXP REALTY
Listed by ATLAS GROUP - EXP REALTY

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$361,531.00
$30,127.58/mo

Valuation Metrics

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DSCR
6.96%
Cap Rate
6.96%
ROI

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Additional Information

Name
Donald La
License
CA 01928418
Brokerage
eXp Realty
Brokerage Phone
626-888-2995
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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