3733 Gibson Rd - Apartments FOR SALE


El Monte, CA 91731
$11,525,000 USD
626-594-4900
3733 Gibson Rd, El Monte, CA for Sale
$11,525,000 USD
Apartments - FOR SALE
1/59
null | 4.71% Cap Rate

3733 Gibson Rd
El Monte, CA 91731


HIGHLIGHTS

  • Extremely rare 39-unit Turnkey community in west San Gabriel Valley Submarket; RICH AMENITIES
  • NO Local rent control ordinance, offering a healthy 10% (or 5% + CPI) annual rent increase under CA AB1482 (buyer to verify)
  • Excellent community amenities: brand new leasing office, brand new fitness center/gym, community wall garden, gated swimming pool with brand new woo
  • Fully upgraded community with 39-unit Turnkey apartment with excellent curb appeal; Situated on an oversized 1.08acre R3 Lot
  • Excellent location in El Monte bordering Temple City and Arcadia on its north + Rosemead and San Gabriel on its west
  • Excellent unit mix with ±48% are large 2bedroom units; Average unit size is large ±821SF (buyer to verify)

OVERVIEW

Growth Investment Group California is proud to present The Atrium, 3733 Gibson Road, El Monte. 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. The property is separately metered for gas and electricity and serviced by central water heaters. There is a large community laundry area with several washers and dryers. Community has a gated parking and has a total of 39 parking spaces with 18 covered carport spaces and 21 open parking spaces. There is no tuck-under parking in this community which means that there is NO parking soft-story requirement.

FOR SALE DETAILS

PRICE

$11,525,000 USD

PRICE/SF

$360 USD /SF

# OF UNITS

39

PRICE/UNIT

$295,513

CAP RATE

4.71%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Atrium-39-Turnkey Community in West SGV

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

39

LAND DETAILS

LAND ACRES

1.08 AC

LAND SF

47,232 SF

ZONING

EMR3

APN/PARCEL ID

8578-008-024

ASK ABOUT THIS PROPERTY

Han Widjaja-ChenGrowth Investment Group CaliforniaMore Info
626-594-4900

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Han Widjaja-ChenGrowth Investment Group CaliforniaMore Info
626-594-4900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.