Montebello Multifamily Investment
For Sale
Contact for pricing
620 N Wilcox Ave, Montebello, CA 90640
Rare 17-unit property in a desirable, low-vacancy area.
Property Size18,436 SF
Price / SF$281.95
Days on Market705
Property Features for 620 N Wilcox Ave
General Information
Standard status
Active
Size
18,436 SF
Property subtype
Multifamily
Occupancy
94%
Investment Type
Value Add
Net Operating Income
$361,531
Building Details
Year Built
1964
Stories
3
Units
17
Listing Agency:
ATLAS GROUP - EXP REALTY
Listed By:
Donald La · License #CA 01928418
(626) 824-8853
Source:
Crexi
Added: Nov 13, 2024
Changed: Oct 7
Last Checked: Oct 16 at 7:45AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$296,650
Cap Rate
5.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,933,000
$5.9M
Cap Rate 7%
$4,237,857
$4.2M
Cap Rate 9%
$3,296,111
$3.3M
Market Conditions
NOI Build-Up for 18,436 SF
Gross rent
$586.3K $31.80/SF
− Vacancy
−$46.9K −$2.54/SF
EGI
$539.4K $29.26/SF
− OpEx
−$242.7K −$13.17/SF
NOI
$296.6K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,933,000
Cap Rate 7%
$4,237,857
Cap Rate 9%
$3,296,111
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,091
Businesses Nearby
Explore this area
Business Placement
Demographics for 90640, CA
62,678
Population
20,438
Households
3.1
Avg Household Size
38
Median Age
22%
College-Educated
74%
High-School Grad
8.3 sq mi
ZIP Area
7,552
Density / Sq Mi
$74,833
Median Household Income
$37,983
Median Earnings
$1,771
Median Rent
$660,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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.
