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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 faade, 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 lPROPERTY FEATURES
Unit 2 : Number of Unit(s) : 2
Unit 2 : Total Bedrooms : 1
Unit 2 : Total Bathrooms : 1
Number of Units with Range/Oven : 39
Number of Units with Refrigerator : 39
Number of Units with Washers : 39
Number of Units : 39
Unit 1 : Number of Unit(s) : 1
Unit 1 : Total Bedrooms : 2
Unit 1 : Total Bathrooms : 1
Neighborhood : Valley Blvd - north El Monte
Parking Garage Unit 1 : Assigned
Security Features : Gated Community
Pool : Community/Common
Cooling : Wall/Window
Topography : Level
Zoning : Assessor
PROPERTY DETAILS
Street Address: Address not disclosed
City: El Monte
State: California
Postal Code: 91731
County: Los Angeles
MLS Number: AR24178997
Courtesy of Growth Investment Group Pasade
City: El Monte
State: California
Postal Code: 91731
County: Los Angeles
MLS Number: AR24178997
Courtesy of Growth Investment Group Pasade
Courtesy of Growth Investment Group Pasade