$12,500,000
65 bd · 65 ba · · 1.39 acre lot
11441 Asher St, El Monte, CA 91732
Multi-family · Built 1963 ·
$76,557/mo est. payment
About this home
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.
Facts and features
Bedrooms
- Bedrooms: 65
Bathrooms
- Total Bathrooms: 65
- Full Bathrooms: 65
Appliances
- Laundry Features: Common Area
Land Info
- Additional Parcels: No
- Land Lease: No
- Lot Description: Irregular Lot
- Lot Size Acres: 1.386
- Lot Size Source: Assessor
- Lot Size Square Feet: 60373
Garage and Parking
- Parking Total: 65
Multi-Unit Info
- Number of Buildings: 2
- Number of Units: 65
- Bedrooms in Unit-1: 1
- Total Bathrooms in Unit-1: 1
- Full Bathrooms in Unit-1: 1
- Unit-1 Furnished Description: Unfurnished
- Unit 1 Total Actual Rent: 1540
Rental Info
- Gross Income: 1204403
- Gross Scheduled Income: 1241653
- Rent Control: No
Amenities and Community Features
- Community Features: Sidewalks
Schools
- 7
El Monte High School
high · 9-12 · 0.5 mi
- 5
Baker Elementary School
elementary · K-6 · 0.7 mi
New Life Christian School
elementary · K-12 · 0.3 mi
El Monte/Rosemead Adult
elementary · 0.7 mi
El Monte Christian Academy
elementary · K-12 · 0.3 mi
- 3
Willard F. Payne Elementary School
elementary · K-6 · 0.5 mi
Price history
- Sep 8, 2026 · Listed$12,500,000
- Aug 30, 2013 · Sold$150,000
- Mar 2, 1982 · Sold$264,000
Tax history
- 2025$80,291 tax · $4,583,443 assessed
- 2024$73,411 tax · $4,493,573 assessed
- 2023$72,306 tax · $4,319,084 assessed
- 2022$69,814 tax · $4,234,397 assessed
- 2021$70,972 tax · $4,151,371 assessed
- 2020$69,141 tax · $4,108,805 assessed
- 2019$68,989 tax · $4,028,241 assessed
- 2018$65,980 tax · $3,949,257 assessed
Where it is
Listed by Ryan Loria · Triqor Group · CRMLS