El Monte Homes with Apartment Subtype

Welcome to El Monte, California – a vibrant city nestled in the heart of Los Angeles County! Known for its rich history and diverse culture, El Monte offers a unique blend of suburban charm and urban convenience. With a population of over 115,000 residents, this bustling city is a hub of activity, featuring a variety of shopping, dining, and recreational opportunities.

El Monte boasts an impressive array of parks and green spaces, perfect for families and outdoor enthusiasts. The city’s commitment to community well-being is evident in its well-maintained parks, including the expansive Whittier Narrows Recreation Area, where you can enjoy picnics, hiking, and even wildlife watching.

For those considering a move to El Monte, the housing market presents an exciting opportunity, particularly for those interested in homes with apartment subtypes. These properties are ideal for multi-generational living or for those looking to generate rental income. Many of these homes feature spacious layouts, modern amenities, and are conveniently located near major highways and public transportation, making commuting a breeze.

El Monte is also known for its diverse culinary scene, with an array of restaurants offering flavors from around the world. Whether you’re indulging in authentic Mexican cuisine or exploring local coffee shops, there’s something to satisfy every palate.

With its welcoming community, convenient location, and diverse housing options, El Monte is the perfect place to call home. Discover your dream property in this thriving city today!

Newest El Monte Homes with Apartment Subtype

$12,500,000

PW26196840 MLS ⋅ Active Under Contract Status

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.

11441 Asher Street, El Monte

$1,599,900

WS26193341 MLS ⋅ Active Status

Beautiful four bedrooms in excellent and convenience location of El Monte. Walking distance to Valley Blvd and Baldwin Ave. Easy access to freeway. All units are two bedrooms, one bath. Each unit is spacious. Three units are about 850 SF. One unit a stand alone building comprising of 910 SF. All units with long term tenants and each unit assigned parking. All units have remote air conditioning units. El Monte city does not have local rent control ordinance. Buyer/agent to verify square footage (lot and units) and all MLS information. Buyer and agent does not represent or guarantee accuracy of the square footage, bedroom/bathroom count, lot size or lot lines/dimensions, permitted or unpermitted spaces, school boundary lines or eligibility, rent control, or the information concerning the condition, or features of the property. Buyer/agent are advised to independently verify the accuracy of all information.

4019 Shirley Avenue, El Monte

$7,800,000

OC26182244 MLS ⋅ Active Status

Baldwin Valley Apartments presents a rare opportunity to acquire a 41-unit multifamily community located at 10012 Valley Boulevard in El Monte, in the heart of the San Gabriel Valley. Offered at $7,800,000, the property was built in 1961 and contains approximately 23,975 rentable square feet on a 0.85-acre site. The unit mix consists of 21 studios, 16 one-bedroom/one-bath units, two two-bedroom/one-bath units, and two two-bedroom/two-bath units. The property offers an attractive combination of current income and identifiable rental upside. Approximately 25% of the units have been extensively renovated, with renovated units achieving a demonstrated rental premium over classic units. In-place rents remain below asking rents, providing an opportunity to increase income through natural turnover and continuation of the existing renovation program. Additional potential income opportunities include increasing carport parking charges and implementing a ratio utility billing system (RUBS) to recover a portion of master-metered utility expenses. Community amenities include a swimming pool, controlled access, on-site laundry, garden/courtyard areas and covered parking. The property provides approximately one parking space per unit, including 39 carports, one two-car garage and one surface space. Electricity is individually metered, while gas, water, sewer and trash are master metered. At the asking price, the property is offered at approximately $190,244 per unit and $325 per square foot, with a 5.74% current/pro forma capitalization rate and a projected 6.00% plus Year-1 capitalization rate. Average in-place rent is approximately $1,539 per unit compared with average asking rent of approximately $1,671. Baldwin Valley Apartments is strategically located near Interstate 10 and State Route 60 and approximately one mile from the El Monte Metrolink Station and less than one mile from El Monte Station, providing residents convenient connectivity throughout the San Gabriel Valley and greater Los Angeles employment market. The combination of existing cash flow, proven renovation upside, additional operational income opportunities and a transit-oriented location make Baldwin Valley Apartments an attractive value-add multifamily investment opportunity. ADU potential exists as additional upside and buyer to verify. Recent Capital Improvements include the roof, electrical system, windows, and parking lot slurry seal.

10012 Valley, El Monte

$3,600,000

TR26045458 MLS ⋅ Active Status

Rare opportunity to acquire a 20-unit multifamily investment property offered at $3,600,000. The property is currently 100% occupied and consists of 18 studio units and 2 one-bedroom/one-bath units. Strong in-place cash flow with upside potential through gradual rent repositioning. The building features a two-story layout with ample on-site surface parking and is located along a high-visibility commercial corridor with convenient access to major freeways, retail centers, and employment hubs. Ideal for 1031 exchange buyers or investors seeking a stabilized workforce housing asset with long-term appreciation potential. Do not disturb tenants. Drive-by only.

3841 Peck Road, El Monte

$1,750,000

OC25097640 MLS ⋅ Active Status

Huge opportunity for investors to get into CA’s ever lasting hot rental market!! This 13 bedrooms, 7 bathrooms, 7-units complex (2 bed/1 bath: 6 units, & 1 bd/1 bath) sprawls on a 6,046 sqft of living space, has a common laundry area, parking in the back and the front, and conveniently located near the Garvey commercial business; business district and Potrero Elementary. Remodeled between 2017/2018, the property is well kept and features upgrades such as a newly installed roof, newer bathrooms and kitchens, carpets, and a new electrical panel. Renters are on a yearly lease basis and the leases will be transferred to the buyer(s). The chance to become an investor/landlord in California is becoming few and far in between. This one is no exception to the rule and is expected to go fast!

2546 Potrero Avenue, El Monte

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

El Monte Homes with Apartment Subtype

Newest El Monte Homes with Apartment Subtype

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