11441 Asher St El Monte, CA 91732
Mountain View NeighborhoodEstimated payment $81,469/month
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.
Listing Agent
Triqor Group Brokerage Phone: 949-756-3232 License #02006138 Listed on: 09/08/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1963
Lot Details
- 1.39 Acre Lot
- Two or More Common Walls
- Irregular Lot
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 39,989 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Parking
- 65 Open Parking Spaces
- 65 Parking Spaces
Listing and Financial Details
- Tax Lot 7
- Tax Tract Number 3480
- Assessor Parcel Number 8566022012
- $19,726 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 65 Units
Amenities
- Laundry Facilities
Building Details
- 65 Separate Electric Meters
- 65 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $449,898
- Gross Income $1,204,403
- Net Operating Income $754,506
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/08/2026 09/08/26 | For Sale | $12,500,000 | -- | $313 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26196840
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
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