3733 Gibson Rd
El Monte, CA 91731
The Atrium · Multifamily Property For Sale · 39 Units

Arthur Arejian of Vanguard Investments Inc, as Exclusive Listing Agent, is pleased to present an opportunity to purchase a 39 Unit Non Rent Controlled Apartment Building located at 3733 Gibson Rd, El Monte, CA 91731. This property consists of an excellent unit mix of 20 One-Bedroom One-Bathroom Units, and 19 Two-Bedroom Two-Bathroom Units. The subject property is a 2-story building located in the city of El Monte, located just east of Baldwin Avenue, between the 10 Freeway and Valley Boulevard and offers an Investor a rare opportunity to own a recently renovated and fully stabilized asset in one of the healthiest and most attractive rental submarkets within the West San Gabriel Valley. There are 39 covered parking spaces. The Atrium is a well maintained and non rent controlled Asset. Built in 1963, the property sits on a neatly landscaped 47,219 square foot R3 lot, and is comprised 33,043 square feet of improvements. This property is built with wood frame and stucco construction, with no soft story, and is separately metered for gas & electricity. The property is serviced by two central water heaters, and offers an on-site laundry facility with four washers and five dryers, a gated pool, and a newly upgraded fitness center. The Atrium provides an investor the opportunity to own a newly updated building with minimal deferred maintenance. The controlled access property offers a new leasing office, a new fitness center, a gated pool with a seating area and a barbeque, new electrical panel, air conditioning in every bedroom, secured parking, and on site laundry facilities. Additional renovations to the building include a new roof and significant upgrades to landscaping, paint, and lighting. The average square feet of one-bedroom one-bathroom units are approximately 675 SF and the two-bedroom one-bathroom units are approximately 925 SF. This is a very rare opportunity and this asset is perfect for a long term astute investor who has longevity in mind with respect to an investment timeline. The building offers spacious floorplans and an excellent unit mix of 20 (1+1) and 19 (2+1) Units and includes 39 Parking Spaces. Each unit has been renovated with new kitchens and bathrooms, countertops, stainless steel appliances, and vinyl and carpet flooring. The spacious units have ample storage space and wall units for heating and cooling. The subject property also includes a wide variety of features and community amenities. The current ownership has invested significantly in capital improvements to modernize the property which allows an investor to step into a turnkey asset upon ownership. This property offers an investor an incredible opportunity to purchase a stabilized, well-maintained property, that’s centrally located in an excellent location within the El Monte Marketplace. with exceptional value. This is a great opportunity for an investor to purchase a NON-rent-controlled property with an excellent unit mix and is a great investment for an investor that has a goal of long-term appreciation with an inherent rent growth opportunity that still exists upon acquisition. An investor can not only step in to a great return on day 1 but can also utilize a more efficient ownership and management style by lowering operational expenses with a hands-on approach. A new owner can reap the rewards of long-term rent growth by executing on going rental increases and realizing additional income possibilities with RUBS charges that are ready to be implemented. A combination of all of the above with greatly impact the going in CAP RATE tremendously for an astute investor.