$12,500,000
 $67,103 est/mo Sourced by Back At You

11441 Asher Street,El Monte, CA 91732

El Monte, CA 91732

Share:

PreviousNext

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 Valley's 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 Monte's 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.

Details

MLS #PW26196840
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive Under Contract
Year1963
Days On Site49
Listing Provided ByTriqor Group | Ryan Loria

Features

SQ Feet39,989
Story(s)2
Units65
Building(s)2
Acreage1.39

Exterior

Lot FeaturesIrregular Lot

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesSidewalks

Area Information

StateCA
CountyLos Angeles
CityEl Monte
Zip Code91732
Area619 El Monte
Listing VS Median (in 91732)
Price:
$12,500,000
low | high
Med:
$699,990
100% of Average
sqft:
39,989
low | high
Med:
1,534
100% of Average
$ / sqft:
$313
low | high
Med:
$456
4.018773872229% of Average
On site:
49
low | high
Med:
0
Sourced by Back At You

Market Activity 91732

Request a showing

Request a showing

Contact

Additional Information

Showing Information

Submit Form

Required Field
By submitting, you agree to receive promotional texts and/or calls from Desert Lifestyle Properties at the number provided. Message/data rates may apply. Consent is not a condition of purchase, and you can opt out anytime by replying STOP.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

Contact

Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountyLos Angeles
CityEl Monte
Zip Code91732
Area619 El Monte
Listing VS Median (in 91732)
Price:
$12,500,000
low | high
Med:
$699,990
100% of Average
sqft:
39,989
low | high
Med:
1,534
100% of Average
$ / sqft:
$313
low | high
Med:
$456
4.018773872229% of Average
On site:
49
low | high
Med:
0
Sourced by Back At You
Listing Updated: September 28, 2026 at 10:06:43 PM PDT