El Monte, CA 91731,3733 Gibson RD
El Monte, CA 91731,3733 Gibson RD
El Monte, CA 91731,3733 Gibson RD
El Monte, CA 91731,3733 Gibson RD
El Monte, CA 91731,3733 Gibson RD
El Monte, CA 91731,3733 Gibson RD
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Justin & Jessica Bouzane
$ 11,525,000
Est. payment | /mo

32,043 SqFt


$ 11,525,000
Est. payment | /mo

32,043 SqFt

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 32,043 sqft

Price per Sqft $359

MLS Listing ID AR24178997

Construction Status Turnkey

HOA Y/N No

Year Built 1963

Lot Size 1.085 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area 619 - El Monte

Zoning EMR3*

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate, Vinyl, Wood

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Gas Range, Refrigerator, Range Hood

Laundry Common Area

Exterior

Garage Attached Carport, Assigned, Asphalt, Controlled Entrance, Detached Carport, Driveway

Carport Spaces 18

Pool Community, Association

Community Features Valley, Gated, Pool

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

Amenities Available Controlled Access, Fitness Center, Management, Outdoor Cooking Area, Barbecue, Picnic Area, Pool

View Y/N No

View None

Roof Type Flat

Parking Type Attached Carport, Assigned, Asphalt, Controlled Entrance, Detached Carport, Driveway

Total Parking Spaces 39

Private Pool No

Building

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

Faces East

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 8578008024

Security Features Closed Circuit Camera(s),Carbon Monoxide Detector(s),Gated Community,Resident Manager,Smoke Detector(s)

Energy Description 10726.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Han Chen • Growth Investment Group Pasade • 626-224-2495

GET MORE INFORMATION

Justin & Jessica Bouzane

Broker Associate | Lic# 01905244

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Go tour this home

3733 Gibson RD