$11,525,000
3733 Gibson Road El Monte, CA 91731
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Listed by Han Chen • Growth Investment Group Pasade
$11,525,000
Est. payment /mo
32,043 SqFt
Active
3733 Gibson Road El Monte, CA 91731
UPDATED:
08/29/2024 08:17 AM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 32,043 sqft
Price per Sqft $359
MLS Listing ID CRAR24178997
HOA Y/N No
Originating Board Datashare California Regional
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
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Vinyl, Wood
Fireplace No
Laundry Community Facility, Other
Exterior
View None
Parking Type Assigned, Other
Building
Lot Description Irregular Lot, Level, Other, Front Yard
Water Public
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