2 months on rocket

3733 Gibson Rd, El Monte, CA, 91731

$11,525,000

0 Baths
Condo

Location

Image provided by Mapbox

Property Highlights

Home TypeCondominium
ParkingAttached Carport, Assigned, Asphalt, Controlled Entrance, Detached Carport, Driveway
Year Built1963
HeatingWall Furnace
CoolingWall/Window Unit(s)
FireplaceNone
ViewNone
MLS #AR24178997
Lot Size1.08 Acres
StatusActive

About 3733 Gibson Rd

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 Details

Property Features

Property Information:

  • Year Built: 1963
  • Stories: 2

Listing Office:

  • Office Name: Growth Investment Group Pasade
  • Office Phone: (626) 224-2495
  • Listing Agent: Han Chen

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Gas Range, Refrigerator, Range Hood
  • Flooring Type: Laminate, Vinyl, Wood
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Parking: Attached Carport, Assigned, Asphalt, Controlled Entrance, Detached Carport, Driveway

Lot Features

Lot Information:

  • Lot: Front Yard, Irregular Lot, Landscaped, Level, Near Public Transit
  • Lot Size: 1.08 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Rosemead High School, Public District Grades 9-12

Other

Directions Information:

  • Directions: FWY 210, go south on Baldwin Ave, make left on Valley Blvd, right on Gibson Rd

Price Information

Listing Price Info

Price Summary:

  • List Price: $11,525,000

Tax Information:

  • Annual Amount: $139,675
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in El Monte, CA.

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El Monte, CA

City

Med. Sold Price

$750K

Med. Price/SqFt

$497

Avg. Days On Market

33

# of Sold Homes

22

3733 Gibson Rd vs El Monte

68 DAYS ON ROCKET

+35 Days

$11,525,000

+$10.7M More

KEY TAKEAWAY

This property is $10.7M more than the Median Sold Price in El Monte, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #AR24178997

Listing Office:

  • Office Name: Growth Investment Group Pasade
  • Office Phone: (626) 224-2495
  • Listing Agent: Han Chen

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 3:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 16, 2019Home Sold
$9,700,000
Apr 25, 2017Home Sold
$7,350,000

Tax History

YEARPROP. TAXASSESSMENT
2021$139,675$9,803,891
2020$115,723$9,700,000
2019$113,846$7,646,940
2018$40,519$7,497,000
2017$40,519$2,259,286

History based on county public records data.

Payment Calculator

$57.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$34.6K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

High School

school-card-donut-26105
8
/10

  • Rosemead High School

  • 9063 Mission Dr

  • 1.22 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,521. Most El Monte, CA residents have annual incomes between $35k-100k. The most common type of family is married, with kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3733 Gibson Rd

What is the listing price of this property?

The listing price of 3733 Gibson Rd property is $11,525,000.

What type of property is this?

The property 3733 Gibson Rd is a condo located in El Monte, California, 91731.

Is this property for sale now?

Active Listing: 3733 Gibson Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 3733 Gibson Rd are:
Rosemead High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $139,675 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 16, 2019 for $9,700,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 3733 Gibson Rd is 1963.
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Rocket Homes›California›Los Angeles County›El Monte›91731›3733 Gibson Rd

This home is located at 3733 Gibson Rd in El Monte, CA and zip code 91731 in the The San Gabriel Valley neighborhood. This home, which was built in 1963, sits on a 1.08 acre lot. It has been listed on Rocket Homes since August 29, 2024 and is currently priced at $11,525,000.

While more than 12 listings in El Monte, CA in October 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 8 were sold below. In October 2024 in El Monte, CA there were 10.5% more homes for sale than in September 2024. While the average time on the market in October 2024 was 33 days, the median list price was $750,000.

From Rocket Homes Real Estate and based on county public records data.

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