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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.PROPERTY FEATURES
Electric: Standard
Sewer: Public Sewer
Water Source: Public
Association Amenities: Pool,Barbecue,Outdoor Cooking Area,Picnic Area,Gym/Ex Room,Management,Controlled Access
Uncovered Spaces: 21.00
Carport Spaces: 18.00
# of Parking Spaces: 39.00
Security Features: Carbon Monoxide Detector(s),Closed Circuit Camera(s),Gated Community,Resident Manager,Smoke Detector(s)
Lot Features: 36-40 Units/Acre,Front Yard,Landscaped,Level with Street,Lot Over 40000 Sqft,Irregular Lot,Level,Near Public Transit
Property Condition : Turnkey
Road Frontage: City Street
Road Surface: Paved
Parcel Identification Number: 8578008024
Cooling: Has Cooling
Heating: Has Heating
Heating Type: Wall Furnace
Cooling Type: Wall/Window Unit(s)
Flooring: Laminate,Vinyl,Wood
Roof Type: Flat
Year Built Source: Assessor
Fireplace Features : None
Common Walls: 2+ Common Walls
Appliances: Dishwasher,Disposal,Gas Range,Range Hood,Refrigerator
Laundry Features: Common Area,Community
Laundry: Has Laundry
Zoning: EMR3*
MLSAreaMajor: 619 - El Monte
PROPERTY DETAILS
Street Address: 3733 Gibson Road
City: El Monte
State: California
Postal Code: 91731
County: Los Angeles
MLS Number: AR24178997
Year Built: 1963
Courtesy of Growth Investment Group Pasade
City: El Monte
State: California
Postal Code: 91731
County: Los Angeles
MLS Number: AR24178997
Year Built: 1963
Courtesy of Growth Investment Group Pasade
Courtesy of Growth Investment Group Pasade
