Montebello Multifamily Investment
620 N Wilcox Ave Montebello, CA 90640
620 N Wilcox Ave, Montebello, CA, 90640
Contact for pricing
For Sale
Contact for pricing
Rare 17-unit property in a desirable, low-vacancy area.
Property Size18,436 SF
Price / SF$281.95
Days on Market614
Property Features for 620 N Wilcox Ave
General Information
- Standard status
- Active
- Size
- 18,436 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1964
Listing Agency
ATLAS GROUP - EXP REALTY
(626) 824-8853
Listed by
Donald La · License #CA 01928418
Source
Crexi
Added: Nov 13, 2024 Checked: Jul 19 at 7:50 am
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 ATLAS GROUP - EXP REALTY
Investment Insights
Based on property information with market context.
This 17-unit property is located in Montebello, California. The property features units with 2 bedrooms and 2 bathrooms. Each unit is separately metered for electricity and gas. There is a single water meter for the property. On-site laundry units are included in the sale and provide additional income. The property includes 25 parking spaces, with each unit having its own designated spot. Eight extra spaces generate $90 monthly each. The property is gated in both the front and back, with alley access and a remote-controlled gate at the rear. It is located near the 60, 710, and 5 freeways, approximately 1.3 miles from Montebello Country Club and 2.2 miles from Topgolf Montebello. The property size is 18436 square feet.
Key Highlights
- Rare 17‑unit property in a highly sought‑after, low‑vacancy area of Montebello.
- All units are 2‑bedroom, 2‑bathroom, offering consistent and desirable unit types.
- Individually metered for electricity and gas, reducing owner utility expenses.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $586.3k | $31.80 |
| − Vacancy | −$46.9k | −$2.54 |
| EGI | $539.4k | $29.26 |
| − OpEx | −$242.7k | −$13.17 |
| NOI | $296.6k | $16.09 |
18,436 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$4.24M
$3.71M – $4.94M
NOI $296,650 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.87M
$8.64M – $11.52M
NOI $690,939 @ 7.0% cap · market cap 13.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Rare 17-unit property in a desirable, low-vacancy area.
Where is this apartment building located?
The property is located at 620 N Wilcox Ave Montebello, CA.
What is the asking price?
The asking price for this property is $5,198,000.
What are key features of this property?
This property features: Rare 17‑unit property in a highly sought‑after, low‑vacancy area of Montebello.; All units are 2‑bedroom, 2‑bathroom, offering consistent and desirable unit types.; Individually metered for electricity and gas, reducing owner utility expenses.
