3733 Gibson Road, El Monte, CA 91731
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- MLS#: AR24178997 ( Apartment )
- Street Address: 3733 Gibson Road
- Viewed: 11
- Price: $11,525,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1963
- Bldg sqft: 0
- Days On Market: 116
- Additional Information
- County: LOS ANGELES
- City: El Monte
- Zipcode: 91731
- Provided by: Growth Investment Group Pasade
- Contact: Han Han
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DescriptionWith 39 Turnkey units, this investment offering provides a rare opportunity for investors to acquire a stable and cash flowing asset in one of the core cities of West San Gabriel Valley submarket. The city does not have any Local Rent Control ordinance, providing a healthy annual rent increase up to 10% or 5%+CPI (per California AB1482). Situated strategically right off the famed Valley Boulevard, this community provides excellent location amenities with proximity to many major local and regional shopping centers, restaurants, parks, and public transportation. Bordered by Temple City and Arcadia on its north, San Gabriel and Rosemead on its east, this location provides superb access to most of San Gabriel Valley well known amenities such as The Shops at Santa Anita in Arcadia, Temple City downtown, Valley Boulevard retail corridor that goes all the way to Alhambra. The turnkey factor presents cash flow opportunity to investors without having to do any rehab work. The Atrium is a two story garden style community that was built in 1963 with an excellent curb appeal and has been completely renovated from top to bottom. It has a secure entrance with intercom system and a large atrium area that leads to a center courtyard. It offers excellent community amenities with brand new leasing office, brand new fitness center, brand new faade, brand new landscaping throughout, new exterior paint, new roof, new mailboxes, new security camera system installed, new wood fence for pool area, new barbeque area, and many other significant upgrades. It is situated on an oversized 1.08 acre R3 lot. It has a total building size of 32,043 square feet which translates to a large 821 SF average unit size (buyer to verify). It offers an excellent unit mix of 19 large two bedroom/one bathroom and 20 large one bedroom/one bathroom units and units. Each unit has been meticulously upgraded with high end upgrades and offers excellent unit amenities such as: brand new kitchen and kitchen cabinets with quartz countertops, stainless steel appliances (refrigerator, gas range, dishwasher), brand new bathroom with new vanity, new flooring throughout, brand new electrical subpanel in each unit, new paint color scheme for entry door, new double pane windows throughout, new ceiling fans in bedroom and living room, new windows a/c unit in living room, new windows coverings, and many others.
Property Location and Similar Properties
Features
Appliances
- Dishwasher
- Disposal
- Gas Range
- Range Hood
- Refrigerator
Assessments
- Buyer to Verify
Association Amenities
- Pool
- Barbecue
- Outdoor Cooking Area
- Picnic Area
- Gym/Ex Room
- Management
- Controlled Access
Association Fee
- 0.00
Building Area Total
- 32043.00
Carport Spaces
- 18.00
Commoninterest
- Community Apartment
Common Walls
- 2+ Common Walls
Cooling
- Wall/Window Unit(s)
Country
- US
Days On Market
- 39
Current Financing
- Conventional
Direction Faces
- East
Electric
- Standard
Electric Expense
- 20000.00
Fireplace Features
- None
Flooring
- Laminate
- Vinyl
- Wood
Fuel Expense
- 10726.00
Garage Spaces
- 0.00
Gardner Expense
- 4009.00
Heating
- Wall Furnace
Insurance Expense
- 28162.00
Laundry Equipment Own Lease
- Lease
Laundry Features
- Common Area
- Community
Levels
- Two
Lockboxtype
- None
- See Remarks
Lot Features
- 36-40 Units/Acre
- Front Yard
- Landscaped
- Level with Street
- Lot Over 40000 Sqft
- Irregular Lot
- Level
- Near Public Transit
Netoperatingincome
- 530083.00
Newtaxesexpense
- 157456.00
Number Of Separate Electric Meters
- 40
Number Of Separate Gas Meters
- 40
Number Wallac
- 39
Number With Dishwasher
- 39
Number With Disposal
- 39
Number With Range
- 39
Number Wit Hrefrigerator
- 39
Parcel Number
- 8578008024
Parking Features
- Assigned
- Attached Carport
- Detached Carport
- Controlled Entrance
- Driveway
- Asphalt
Pool Features
- Community
Professionalmanagementexpense
- 37384.00
Property Type
- Apartment
Property Condition
- Turnkey
Road Frontage Type
- City Street
Road Surface Type
- Paved
Roof
- Flat
Security Features
- Carbon Monoxide Detector(s)
- Closed Circuit Camera(s)
- Gated Community
- Resident Manager
- Smoke Detector(s)
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 422019714:CRM
Spa Features
- None
Tenant Pays
- Electricity
- Gas
- Sewer
- Water
Totalactualrent
- 74260.00
Totalexpenses
- 404517.00
Trash Expense
- 20185.00
Uncovered Spaces
- 21.00
Utilities
- Cable Connected
- Electricity Connected
- Natural Gas Connected
- Phone Available
- Sewer Connected
- Water Connected
View
- None
Views
- 11
Water Sewer Expense
- 40000.00
Water Source
- Public
Window Features
- Atrium
- Double Pane Windows
Year Built
- 1963
Year Built Source
- Assessor
Zoning
- EMR3*