3733 Gibson Road

    El Monte, CA 91731
    • $9,800,000
    • STATUS: Active
    • ON SITE: 43 days
    • ID#: 19465130
    UPDATED: 13 min ago
    $9,800,000
    • 0
      BEDS
    • 1.08
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 32,043
      SQFT
    • $306
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    The Atrium is located at 3733 Gibson Road in the El Monte submarket with the APN 8578-008-024. The property presents an investor with the unique opportunity to own a turnkey piece of real estate in a non rent-controlled rental submarket within the San Gabriel Valley. Constructed in 1963, The Atrium is a well-maintained three-building, two-story, 39-unit property that was extensively renovated in 2017/2018. The property sits on a ++G++G+-47,231 square foot R3 lot with a total building size of ++G++G+-32,043 square feet. The controlled access property offers a leasing office, fitness center, gated pool, secured parking, on-site laundry facilities, and several capital improvements including a new roof, new central water heaters, and new electrical panels in each unit. The renovated units offer new kitchens and bathrooms, Formica countertops, stainless steel appliances, luxury vinyl plank and carpet flooring, ample storage space, and wall units for heating and cooling.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-26T22:39:16.037. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/94729243

    3733 Gibson Road El Monte, CA 91731

    • Price: $9,800,000
    • Status: Active
    • Updated: 13 min ago
    • ID#: 19465130
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.08
    Acres
    32,043
    SQFT
    $306
    $/SQFT
    1963
    Built
    Neighborhood:
    619 - El Monte
    County:
    Los Angeles
    Area:
    619 - El Monte
    Property Description
    The Atrium is located at 3733 Gibson Road in the El Monte submarket with the APN 8578-008-024. The property presents an investor with the unique opportunity to own a turnkey piece of real estate in a non rent-controlled rental submarket within the San Gabriel Valley. Constructed in 1963, The Atrium is a well-maintained three-building, two-story, 39-unit property that was extensively renovated in 2017/2018. The property sits on a ++G++G+-47,231 square foot R3 lot with a total building size of ++G++G+-32,043 square feet. The controlled access property offers a leasing office, fitness center, gated pool, secured parking, on-site laundry facilities, and several capital improvements including a new roof, new central water heaters, and new electrical panels in each unit. The renovated units offer new kitchens and bathrooms, Formica countertops, stainless steel appliances, luxury vinyl plank and carpet flooring, ample storage space, and wall units for heating and cooling.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Controlled Entrance Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Association Amenities Controlled AccessPool Association YN Yes Cap Rate 5.14 Gross Multiplier 12.43 Gross Operating Income 801576.00 Insurance Expense 8538.00 Laundry YN Yes Maintenance Expense 21876.00 Net Operating Income 502762.00 Operating Expense 37500.00 Other Expense 9750.00 Professional Management Expense 17873.00 Special Listing Conditions Standard Supplies Expense 8138.00 Total Expenses 298814.00 Water Sewer Expense 37670.00

    Listing provided courtesy of Priscilla Nee of Cb Richard Ellis, Inc. and Eric Chen of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-26T22:39:16.037. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024