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…
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Last updated Aug 29, 2024
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MLS# AR24178997 —
The Building
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Year Built:1963
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Year Built Source:Assessor
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New Construction:No
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Roof:Flat
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Entry Level:1
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Common Walls:2+ Common Walls
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Faces:East
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Building Area Total:32043.00
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Building Area Units:Square Feet
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# of Buildings:1
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Total Number Of Units:39
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Stories Total:2
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# of Separate Gas Meters:40
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# of Separate Water Meters:1
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# of Separate Electric Meters:40
Interior
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Levels:Two
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Entry Location:1
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Window Features:Atrium, Double Pane Windows
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Flooring:Laminate, Vinyl, Wood
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Number Wall AC:39
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Fireplace:No
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Fireplace:None
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Laundry:Common Area, Community
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Laundry:1
Location
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Directions:FWY 210, go south on Baldwin Ave, make left on Valley Blvd, right on Gibson Rd
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Latitude:34.07644900
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Longitude:-118.05202200
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Property Condition:Turnkey
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Zoning:EMR3*
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Lot Features:36-40 Units/Acre, Front Yard, Landscaped, Level with Street, Lot Over 40000 Sqft, Irregular Lot, Level, Near Public Transit
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Lot Size Area:47246.0000
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Lot Size Acres:1.0846
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Lot Size SqFt:47246.00
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Lot Size Source:Assessor
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View:None
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Security Features:Carbon Monoxide Detector(s), Closed Circuit Camera(s), Gated Community, Resident Manager, Smoke Detector(s)
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Road Frontage:City Street
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Road Surface Type:Paved
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Property Attached:1
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Census Tract:4328.02
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Tax Tract:7177
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Tax Lot:70
The Listing
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Special Listing Conditions:Standard
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Parcel Number:8578008024
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Utilities
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Utilities:Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
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Sewer:Public Sewer
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Electric:Standard
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Water Source:Public
Appliances
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Appliances:Dishwasher, Disposal, Gas Range, Range Hood, Refrigerator
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Included:Yes
The Community
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Senior Community:No
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Neighborhood:Valley Blvd - north El Monte
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Features:Valley
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Pool:Community
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Private Pool:No
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Spa Features:None
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Association Amenities:Pool, Barbecue, Outdoor Cooking Area, Picnic Area, Gym/Ex Room, Management, Controlled Access
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Association:No
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Assessments:Yes
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Assessments:Buyer to Verify
Parking
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Parking:Yes
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Parking:Assigned, Attached Carport, Detached Carport, Controlled Entrance, Driveway, Asphalt
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Parking Spaces:39.00
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Uncovered Spaces:21.00
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Carport Spaces:18.00
Extra Units
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Number With Disposal:39
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Number With Dishwasher:39
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Number With Refrigerator:39
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
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 |