620 N Wilcox Ave - Apartments FOR SALE


Montebello, CA 90640
$5,198,000 USD
620 N Wilcox Ave, Montebello, CA for Sale
$5,198,000 USD
Apartments - FOR SALE
1/31
null | 6.5% Cap Rate

620 N Wilcox Ave
Montebello, CA 90640


HIGHLIGHTS

  • 17-unit property, all 2-bedroom, 2-bathroom units.
  • 26 parking spaces; 17 spaces for each unit and additional 9 extra generate $90 monthly each.
  • Each unit is separately metered for electricity and gas, with a single water meter, and includes on-site laundry units owned.

OVERVIEW

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/

FOR SALE DETAILS

PRICE

$5,198,000 USD

PRICE/SF

$282 USD /SF

# OF UNITS

17

PRICE/UNIT

$305,765

CAP RATE

6.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

620 N Wilcox Ave, Montebello, CA 90640

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

R3YY

APN/PARCEL ID

5294-009-016

ASK ABOUT THIS PROPERTY

Donald LaDonald La RealtyMore Info

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