$12,500,000 Sale

Listed 34 days ago

11441 Asher Street

MLS® pw26196840 Apartment

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Beds · 0

Baths · 0

Parking · 65

Sqft · -

Est. mortgage

$59,955/mo

Association Fee

$0.00/mo

Key Facts

Key facts for 11441 Asher Street

Property Type

Apartment

Parking

0 garage, 65 parking

MLS #

PW26196840

Size

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

1963

Maintenance Fee

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 sub...stantial 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., Directions:Going North on Peck Rd., Turn Right Onto Asher St., Property Will be on Your Left

Full Property Details

Interior

Washrooms

Air Conditioning

Washrooms

Air Conditioning

Exterior

Front

60373.00

Acreage

1.38

Lot Size

60373.00 acres

View

Unspecified

Pool

Parking Spaces

Total Parking Spaces

Garage Spaces

Front

60373.00

Acreage

1.38

Lot Size

60373.00 acres

View

Unspecified

Pool

Parking Spaces

Total Parking Spaces

Garage Spaces

Building Description

Property Type

Residential Income

Home Type

Apartment

Subtype

Apartment

Year Built

1963

Sewers

PublicSewer

Water Supply

Public

StoriesTotal

New Construction

Property Type

Residential Income

Home Type

Apartment

Subtype

Apartment

Year Built

1963

Sewers

PublicSewer

Water Supply

Public

StoriesTotal

New Construction

Community

County

Los Angeles

Area Code

619 - El Monte

Features

Sidewalks

County

Los Angeles

Area Code

619 - El Monte

Features

Sidewalks

Taxes & Fees

Financing Terms

Conventional

HOA Fee

$0.00 /mo

Financing Terms

Conventional

HOA Fee

$0.00 /mo

Other

Directions

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

Pets

Unspecified

Directions

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

Pets

Unspecified

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Eddie Barrera

Email: [email protected] Cell: 626-816-7166