3733 Gibson RdEl Monte, CA 91731

This exceptional 39-unit apartment building presents a compelling investment opportunity in El Monte, California. Situated on a spacious 1.08-acre R3 lot, this two-story complex boasts 32,043 square feet of living space and offers a compelling mix of 19 two-bedroom and 20 one-bedroom units. The average unit size is approximately 821 square feet (buyer to verify). Built in 1963 and extensively renovated between 2020 and 2024, the property features a newly renovated leasing office, fitness center, gated swimming pool with a new wood fence, community garden, barbecue area, and updated security systems including new security cameras and mailboxes. All units have been upgraded with features such as updated countertops, stainless steel appliances in some units, luxury vinyl plank flooring, updated electrical panels, updated cabinets and drawer fronts, updated lighting and plumbing fixtures, and air conditioning in the living room and bedroom. The property includes 39 parking spaces, 18 of which are covered. The building benefits from a 100% occupancy rate, generating a current NOI of $543,186 and a pro-forma NOI of $637,690. The asking price is $11,525,000, representing a current cap rate of 4.71% and a pro-forma cap rate of 5.53%. The property's prime location in El Monte, bordering Temple City and Arcadia, provides easy access to major freeways (10, 605, 60) and significant employment centers in the San Gabriel Valley and beyond. Importantly, El Monte has no local rent control ordinance, allowing for potential annual rent increases up to 10% or 5% + CPI (buyer to verify compliance with CA AB1482). This turnkey investment offers immediate cash flow and significant upside potential.