11441 Asher Street, El Monte
$12,500,000
0 bd · 0 ba · 0 sqft · Multi-Family · El Monte · 1 days on market
Updated September 8, 2026
Key Facts
- Property Type
- Multi-Family
- Year Built
- 1963
- Lot Size
- 60,373 sqft
- Stories
- 2
- Days on Market
- 1
- Listed
- Sep 7, 2026
- MLS #
- PW26196840
- Status
- Active
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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.
Highlights
- 0-bedroom, 0-bath multi-family.
- 0 square feet of living space.
- Located in El Monte.
Price History
| Date | Price | Change |
|---|---|---|
| Sep 8, 2026 | $12,500,000 | — |
| Listed Sep 7, 2026 | ||
Location
About El Monte
- Active Listings
- 127
- Median Price
- $779,880
Estimate a Monthly Payment
Estimated Monthly Payment
$81,634/mo
Includes estimated taxes and insurance at the assumption rates below. HOA dues are not included — enter your community's HOA (varies widely by community, and absent from listing data) for an accurate total.
- Principal & Interest
- $66,530
- Property Tax
- $11,458
- Insurance
- $3,646
- HOAnot included — enter your dues
- $0
Estimate only — not a loan offer or rate quote. Confirm actual figures with a lender.
Get Pre-Approved →Listing courtesy of Triqor Group
Based on information from California Regional MLS as of 2026-09-08T23:17:52.970Z. 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.