11441 Asher Street, El Monte, CA 91732
11441 Asher Street, El Monte, CA 91732
11441 Asher Street, El Monte, CA 91732
18
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$12,500,000
Est. payment /mo
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1 Bed
1 Bath
1.39 Acres Lot
New

11441 Asher Street El Monte, CA 91732

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Jason Fogelman

Jason Fogelman

+1(858) 204-4262

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26196840

Bedrooms 1

Lot Size 1.386 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

We are pleased to present the exclusive opportunity to acquire Asher Apartments, a well-maintained 65-unit multifamily community located in El Monte, California. Offered for sale for the first time in more than 40 years, this property represents a rare chance to acquire a generational asset with substantial value-add potential in one of the San Gabriel Valleys strongest rental markets. The property features spacious one-bedroom units with interior upgrades including laminate wood and tile flooring, updated kitchens and bathrooms. Residents benefit from a secure, gated community with controlled-access parking, an on-site laundry facility, individual water heaters, and a new roof installed in 2020. Currently operating at an attractive 6.0% cap rate, Asher Apartments offers approximately 25% upside in rental income. By repositioning the asset to market rents, an investor has the opportunity to increase cash flow and achieve an estimated 8.1% pro forma cap rate. Situated on an oversized parcel within El Montes Qualified Opportunity Zone, the property also offers potential for future ADU development with the potential tax advantages associated with Opportunity Zone investments. We kindly ask that you please DO NOT DISTURB THE TENANTS.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Going North on Peck Rd., Turn Right Onto Asher St., Property Will be on Your Left

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 8566022012

Acceptable Financing Conventional

Listing Terms Conventional

MLS Router / San Diego MLS
Listed by Ryan Loria, DRE#02006138 Triqor Group 

NEARBY SCHOOL & BUSINESS

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Jason Fogelman

Jason Fogelman

Realtor / North County Regional Manager CA DRE#01374456

+1(858) 204-4262

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