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3733 Gibson Road

El Monte, CA 91731

– beds
– baths
– sqft
~1 acre lot
1963 build
– on site

With 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 façade, 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.

Listed By CRMLS_CA / Han Chen / Growth Investment Group Pasade / 626-224-2495

Last checked: Checking… • Last updated Aug 29, 2024 •

MLS# AR24178997 —

The Building

Year Built:

1963
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

32043.00
Building Area Units:

Square Feet
Total Number Of Units:

39
# of Buildings:

1
Roof:

Flat
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
Faces:

East
# of Separate Gas Meters:

40
# of Separate Water Meters:

1
# of Separate Electric Meters:

40

Interior

Levels:

Two
Entry Location:

1
Window Features:

Atrium, Double Pane Windows
Flooring:

Laminate, Vinyl, Wood
Number Wall AC:

39
Fireplace:

No
Fireplace:

None
Laundry:

Common Area, Community
Laundry:

1

Location

Directions:

FWY 210, go south on Baldwin Ave, make left on Valley Blvd, right on Gibson Rd
Latitude:

34.07644900
Longitude:

-118.05202200

The Property

Property Type:

Residential Income
Subtype:

Apartment
Property Condition:

Turnkey
Zoning:

EMR3*
Lot Features:

36-40 Units/Acre, Front Yard, Landscaped, Level with Street, Lot Over 40000 Sqft, Irregular Lot, Level, Near Public Transit
Lot Size Area:

47246.0000
Lot Size Acres:

1.0846
Lot Size SqFt:

47246.00
Lot Size Source:

Assessor
View:

None
Security Features:

Carbon Monoxide Detector(s), Closed Circuit Camera(s), Gated Community, Resident Manager, Smoke Detector(s)
Road Frontage:

City Street
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

4328.02
Tax Tract:

7177
Tax Lot:

70

The Listing

Virtual Tour
Special Listing Conditions:

Standard
Parcel Number:

8578008024

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Utilities:

Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

Dishwasher, Disposal, Gas Range, Range Hood, Refrigerator
Included:

Yes

The Community

Neighborhood:

Valley Blvd - north El Monte
Features:

Valley
Association Amenities:

Pool, Barbecue, Outdoor Cooking Area, Picnic Area, Gym/Ex Room, Management, Controlled Access
Association:

No
Pool:

Community
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Buyer to Verify

Parking

Parking:

Yes
Parking:

Assigned, Attached Carport, Detached Carport, Controlled Entrance, Driveway, Asphalt
Parking Spaces:

39.00
Uncovered Spaces:

21.00
Carport Spaces:

18.00

Extra Units

Number With Disposal:

39
Number With Dishwasher:

39
Number With Refrigerator:

39

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
8/28/24 Aug 28, 2024	Listed / Active	CRMLS_CA	$11,525,000	18.8% (3.9% / YR)
2/22/24 Feb 22, 2024	Price Changed	CRMLS_CA
11/7/23 Nov 7, 2023	Listed / Active	CRMLS_CA

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This multifamily located in Northwest El Monte, El Monte, CA 91731 is currently for sale for $11,525,000. 3733 Gibson Road is a – square foot multifamily with – beds and – baths that has been on Estately for 118 days. 3733 Gibson Road is in the Northwest El Monte neighborhood of El Monte and has a WalkScore® of 72, making it very walkable. This multifamily is in the attendance area of Gidley Elementary School, Rosemead High School, and Shirpser Elementary School.

Listing Courtesy of: CRMLS_CA and Growth Investment Group Pasade. Based on information from California Regional Multiple Listing Service, Inc. as of 17:46 on Dec 24.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.