620 North Wilcox Avenue

Montebello, CA 90640

$5,200,000
Price
2
Beds
34
Baths
18,436 Sq. Ft.
$282 / Sq. Ft.
18,436
Sq. Ft.
$282
per Sq. Ft.

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 26 parking spaces, each unit comes with its own designated spot, while nine extra spaces generate $90 monthly each. The property is securely...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.
  1. Listed by DONALD LA • DRE #01928418 • Brokerage DRE #02003950 • KW Executive • 626-888-2995

Property Details for 620 North Wilcox Avenue

Parking Spaces Total
26
Private Pool
No
Total Units
17.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
18436
Assessor Parcel Number
5294-009-016
Property Attached YN
true
LISTING UPDATED: 11/19/2024 02:51 AM

Property Details for 620 North Wilcox Avenue

StatusActive
MLS #WS24232376
Days on Market40
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
CountyLos Angeles County

Building Information for 620 North Wilcox Avenue

Building/Complex620 N Wilcox AveFloor-Stories2Residences-Pet Policy-Year Built1964Building Size-

Property Information for 620 North Wilcox Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $422,004
  • Gross Scheduled Income: $422,004
  • Net Operating Income: $318,521
  • Gross Multiplier: 12.32
  • Cap Rate: 6.13
Expense Details
  • Operating Expense: $103,483
  • Fuel Expense: $9,323
  • Electric Expense: $1,549
  • Insurance Expense: $3,872
  • Professional Management Expense: $0
  • Trash Expense: $3,399
  • Water Sewer Expense: $8,748
  • Total Expenses: $103,483
Tax / Assessment Info
  • Tax Tract Number: 530...
  • Tax Census Tract: 5300.06
  • CFD/Mello-Roos Fee: $4,320
  • Tax Lot: 168
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Individual Room
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 16-20 Units/Acre
  • Number Of Units: 17
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 26
  • Parking Garage Spaces: 26
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 17
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $34,479
  • Unit Type Total Rent: $34,478
  • Unit Type Pro Forma: 50600
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 18
  • Number Of Separate Gas Meters: 18
  • Number Of Separate Water Meters: 1

Property History for 620 North Wilcox Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 620 North Wilcox Avenue

Taxable ValueLand$142,291Additions$838,675Total$980,966
Tax Record2024$17,542 ($1,462 / month)
Home Facts
Total Finished SqFt18,436 SqFtAbove Grade Finished SqFt18,436 SqFtLot Size21,401 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningMNR3YYCountyLOS ANGELESAPN5294-009-016

Schools near 620 North Wilcox Avenue

This home is within Montebello Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Wilcox Elementary School
PublicK to 5

Eastmont Intermediate School
Public6 to 8

Schurr High School
Public9 to 12

Montebello Community Day School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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620 North Wilcox Avenue is a multi-family home for sale in Montebello, CA 90640. This property was listed for sale on November 13, 2024 by KW Executive, it's currently listed at $5,200,000. This listing's school district is Montebello Unified School District. Nearby schools include Wilcox Elementary School, Eastmont Intermediate School and Schurr High School. 620 North Wilcox Avenue is a 2-bed, 34-bath, 18,436 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Executive, DONALD LA, DRE #01928418

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.