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 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.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
46768787
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Property Details
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Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
Interior Features
- Roof : Flat
- Windows: Atrium,Double Pane Windows
- Property Appliances: Dishwasher,Disposal,Gas Range,Refrigerator,Range Hood
- Fireplace: None
- Flooring: Laminate,Vinyl,Wood
Cooling Features
- Wall/Window Unit(s)
- Air Conditioning
Heating Source
- Wall Furnace
- Has Heating
Fireplace
- Fireplace Features: None
- Has Fireplace: 0
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Exterior Features
Building Information
- Year Built: 1963
- Building Area Total: 32,043
- Roof: Flat
Security Features
- Closed Circuit Camera(s),Carbon Monoxide Detector(s),Gated Community,Resident Manager,Smoke Detector(s)
Pool Features
- Community,Association
Laundry Features
- Common Area
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 1.0846
- Lot Size Source: Assessor
- Lot Size Square Feet: 47246
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Listing Information
Listing Price Information
- Original List Price: 11,525,000
- Listing Contract Date: 2024-08-28
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 8578008024
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Attached Carport,Assigned,Asphalt,Controlled Entrance,Detached Carport,Driveway
Homeowners Association
- Association Amenities: Controlled Access,Fitness Center,Management,Outdoor Cooking Area,Barbecue,Picnic Area,Pool
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity,Gas,Sewer,Water
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 619 - El Monte
- Directions: FWY 210, go south on Baldwin Ave, make left on Valley Blvd, right on Gibson Rd
- Zoning: EMR3*
- Source Property Type: Residential Income
- Area: 619 - El Monte
- Property SubType: Apartment
Building and Construction
- Property Age: 61
- Common Walls: 2+ Common Walls
- Property Condition: Turnkey
- Structure Type: Apartment
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: 1
- Property Attached: Yes
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 12/04/2024 @ 14:11
- MLS: AR24178997
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 32,043 sqft, 47,246 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of El Monte , in zip code 91731, this Los Angeles County Home are nearby neighborhoods.