The Atrium Apartments

Address: 3373 Gibson Rd, El Monte, CA 91731, USA

California & West + Apartments

Created date: November 16, 2023

Date last updated: November 16, 2023

Core San Gabriel Valley
Walking Distance to Shops and Eateries Along Valley Boulevard
Easy Access to the 10, 605, and 60 Freeways, and ±12 Miles Away DTLA
Excellent Unit Mix of 20 (1+1’s) and 19 (2+1’s)
±32,043 SF Building Size on an Oversized ±47,231 SF Lot
Well-Amenitized with New On-Site Leasing Office, Gated Pool with BBQ Area, New Fitness Center, and On-Site Laundry Facility
Significant Capital improvements include a Newer Roof, Updated Electrical Panels, Over $500K in Interior Renovations, Updated Kitchens and Bathrooms, Air Conditioning in Living Rooms & Bedrooms, and Luxury Vinyl Plank and Carpet Flooring
Zero-Soft Story; 39 Parking Spaces, Covered & Uncovered, and Automatic Gate

Property Description

CBRE is proud to exclusively present The Atrium Apartments located at 3733 Gibson Road in the city of El Monte, just east of Baldwin Avenue, between Valley Boulevard and the San Bernardino (I-10) Freeway. The property offers an investor the opportunity to acquire an attractive turnkey asset in a healthy and centrally located submarket within the West San Gabriel Valley. Built in 1963 on a ±1.08-acre R3 lot, The Atrium Apartments is a two-story, 39-unit property, with a total building size of ±32,043 square feet. The well-maintained, controlled entry property is well-amenitized with an on-site leasing office, a renovated fitness center, a gated pool with lounge chairs, a barbecue area, a laundry room, and gated parking. The property is separately metered for gas and electric and serviced by central water heaters. In recent years, The Atrium Apartments has seen significant capital improvements including a newer roof, updated electrical panels, fresh paint, new landscaping, and significant unit upgrades. The Atrium Apartments offers an excellent unit mix of 20 one-bedroom/one-bathroom units and 19 two-bedroom/one-bathroom units. The spacious units offer luxury vinyl plank and carpet ﬂooring, updated countertops, ample storage space, and wall units for heating and cooling. Select units offer new kitchens and stainless-steel appliances.

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Key Property Information

Listing Status:	Available
Multifamily type:	Apartments
Price:	$12,250,000
No. of Units:	39
GRM /GIM:	13.65
Year Built:	1963
Building Size:	32,043 Sq ft
Lot Size:	47,232.00 Sq ft
No. of Stories:	2
APN:	8578-008-024
Zoning Code:	EMR3* - Buyer to Verify
Opportunity Zone:	No
Price per unit:	$314,103
Property Website	Click Here