3733 Gibson Road

El Monte, CA 91731

$11,525,000
Price
3
Beds
39
Baths
32,043 Sq. Ft.
$360 / Sq. Ft.
32,043
Sq. Ft.
$360
per Sq. Ft.

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...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.
  1. Listed by Han Chen • DRE #01749321 • Brokerage DRE #02201380 • Growth Investment Group Pasade • 626-224-2495

Property Details for 3733 Gibson Road

View
None
Parking Spaces Total
39
Private Pool
No
Cooling Type
Wall/Window
Total Units
39.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
32043
LISTING UPDATED: 08/28/2024 09:43 AM

Property Details for 3733 Gibson Road

StatusActive
MLS #AR24178997
Days on Market123
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
CountyLos Angeles County

Building Information for 3733 Gibson Road

Building/Complex3733 Gibson RdFloor-Stories2Residences-Pet Policy-Year Built1963Building Size-

Property Information for 3733 Gibson Road

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Sewer, Water
  • Pets Allowed: Call For Rules
Income / Expense / Tax Details
Income Details
  • Gross Income: $934,600
  • Gross Scheduled Income: $963,505
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $934,600
  • Net Operating Income: $530,083
  • Gross Multiplier: 11.96
  • Cap Rate: 4.6
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $404,517
  • Operating Expense Percent: 42.00%
  • New Taxes Expense: $157,456
  • Gardener Expense: $4,009
  • Fuel Expense: $10,726
  • Electric Expense: $20,000
  • Insurance Expense: $28,162
  • Maintenance Expense: $15,886
  • Professional Management Expense: $37,384
  • Trash Expense: $20,185
  • Water Sewer Expense: $40,000
  • Total Expenses: $404,517
Tax / Assessment Info
  • Tax Tract Number: 7177
  • Tax Census Tract: 4328.02
  • CFD/Mello-Roos Fee: $10,842
  • Tax Lot: 70
Community / Development
Community / Development
  • Association Amenities: Pool, Barbecue, Outdoor Cooking Area, Picnic Area, Gym/Ex Room, Management, Controlled Access
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Valley
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas Range, Range Hood, Refrigerator
  • Equipment: Community, Dishwasher, Laundry Area, Refrigerator
  • Laundry: Yes
  • Laundry Features: Common Area, Community
  • Laundry Equipment Own Lease: Lease
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Wall
  • Heating: Wall Furnace
  • Flooring: Laminate, Vinyl, Wood
Exterior Features
  • Window Features: Atrium, Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Closed Circuit Camera(s), Gated Community, Resident Manager, Smoke Detector(s)
  • Security: Gated Community
  • Roof: Flat
  • Entry Location: 1
  • Property Condition: Turnkey
  • View Description: None
  • Pool Features: Community
  • Pool: Community/Common
  • Spa Features: None
Land/Lot Info
  • Lot Features: 36-40 Units/Acre, Front Yard, Landscaped, Level with Street, Lot Over 40000 Sqft, Irregular Lot, Level, Near Public Transit
  • Direction Faces: East
  • Number Of Units: 39
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned, Controlled Entrance, Driveway
  • Uncovered Spaces: 21
  • Open Other Spaces Total: 21
  • Parking Garage Spaces: 0
  • Carport Spaces: 18
  • Parking Features: Assigned, Attached Carport, Detached Carport, Controlled Entrance, Driveway, Asphalt
Unit Information
Unit 1
  • Unit Type Units Total: 19
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 19
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,073
  • Unit Type Total Rent: $39,381
  • Unit Type Pro Forma: 43605
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 20
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 20
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,744
  • Unit Type Total Rent: $34,879
  • Unit Type Pro Forma: 39900
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 39
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 40
  • Number Of Separate Gas Meters: 40
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 39
  • Number With Range: 39
  • Number With Refrigerator: 39
  • Number With Carpet: 0
  • Number With Disposal: 39
  • Number With Drapes: 0
  • Number With Patio: 0
  • Number Wall AC: 39

Property History for 3733 Gibson Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3733 Gibson Road

Taxable ValueLand$4,160,141Additions$6,243,615Total$10,403,756
Tax Record2024$146,692 ($12,224 / month)
Home Facts
Total Finished SqFt32,043 SqFtAbove Grade Finished SqFt32,043 SqFtLot Size47,232 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningEMR3*CountyLOS ANGELESAPN8578-008-024

Schools near 3733 Gibson Road

This home is within El Monte Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Shirpser Elementary School
PublicK to 6

Gidley Elementary School
PublicK to 8

Rosemead High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3733 Gibson Road is a multi-family home for sale in El Monte, CA 91731. This property was listed for sale on August 28, 2024 by Growth Investment Group Pasade, it's currently listed at $11,525,000. It has been on the market for a total of 123 days and was last sold on October 21, 2019. This listing's school districts are El Monte Union High School District, El Monte City School District. Nearby schools include Shirpser Elementary School, Gidley Elementary School and Rosemead High School. 3733 Gibson Road is a 3-bed, 39-bath, 32,043 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Growth Investment Group Pasade, Han Chen, DRE #01749321

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.