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3733 GIBSON Road, El Monte, CA 91731

Property · 2 recorded sales since 2017

3733 GIBSON Road, El Monte, CA 91731 Sold October 2019 CRMLS
$9,700,000Sold October 2019

Listing Agent: Priscilla Nee (DRE #01435254) · Listing Office: CB Richard Ellis, Inc. · Bought with: Priscilla Nee · CB Richard Ellis, Inc. · MLS #19465130 · Source: CRMLS

47,232 sqft
Lot Size
1963
Year Built
Property
Type

About this property

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 ±47,231 square foot R3 lot with a total building size of ±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.

Listing description from the October 2019 sale, as reported to CRMLS.

Sale history

$9,700,000
Sold October 2019 · listed $9,800,000, on market May 2019 · MLS #19465130 · Source: CRMLS
Listing Agent: Priscilla Nee · Listing Office: CB Richard Ellis, Inc. · Bought with: Priscilla Nee · CB Richard Ellis, Inc.
$7,350,000
Sold April 2017 · listed $7,475,000, orig. $7,800,000, on market November 2016 · MLS #16177188 · Source: CRMLS
Listing Agent: Priscilla Nee · Listing Office: CB Richard Ellis, Inc. · Bought with: ERIC CHEN · CB RICHARD ELLIS
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