El Monte (619) 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 community, El Monte offers a unique blend of urban convenience and suburban charm. With its prime location just 12 miles east of downtown Los Angeles, residents enjoy easy access to the bustling city while relishing the tranquil atmosphere of their own neighborhood.

El Monte is renowned for its affordable housing options, making it an attractive choice for families, young professionals, and retirees alike. Among the various housing types available, homes with apartment subtypes stand out for their versatility and potential. These properties often feature multi-unit layouts, providing an excellent opportunity for homeowners to generate rental income or accommodate extended family.

The real estate market in El Monte is thriving, with a variety of homes that cater to different lifestyles and budgets. Whether you’re looking for a cozy duplex, a spacious triplex, or a charming four-plex, you’ll find an array of options that suit your needs. Many of these homes boast modern amenities, updated interiors, and outdoor spaces perfect for entertaining or relaxation.

In addition to its appealing housing, El Monte is rich in parks, schools, and local businesses, fostering a strong sense of community. The city hosts numerous events throughout the year, bringing residents together and celebrating the area’s cultural diversity. If you’re considering a move to Southern California, El Monte offers not just a place to live, but a vibrant community to call home. Explore the possibilities of owning a home with an apartment subtype in El Monte, and discover the charm of this wonderful city!

Newest El Monte (619) Homes with Apartment Subtype

$12,500,000

PW26196840 MLS ⋅ Active 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

$1,750,000

AR26194307 MLS ⋅ Active Status

Presenting 2730 Penn Mar Ave, an exceptional multifamily investment opportunity in El Monte, CA. The property features seven 1-bedroom/1-bathroom cottage-style units, offering a unique charm. The property boasts new electric subpanels and is separately metered for gas and electricity, simplifying management and maximizing efficiency. With onsite parking for seven vehicles and onsite laundry facilities, the property provides added convenience for tenants. 2730 Penn Mar Ave offers significant upside in rental income through market rent adjustments and the potential to add two ADUs, enhancing long-term value and cash flow. Private financing is available, offering flexibility for qualified buyers. Ideally located with easy access to both the 10 and 60 Freeways, the property ensures strong rental demand and commuter appeal. This is a rare opportunity to acquire a stabilized, well-maintained asset with built-in value-add potential in a high-demand rental market.

2730 Penn Mar, 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

$1,800,000

CV26133450 MLS ⋅ Active Status

Century 21 Citrus Realty is proud to present 3050 Sastre in El Monte. This property is located only a few minutes from Rosemead city, you can easily walk to Garvey Ave for shopping and dining. This 8 unit income property consist of three duplexes, two duplexes of 2 bed./1 bath. and one duplex of 1 bed./1 bath. There are 2 parking spaces for each unit allowing one garage + one open space (Except for the 2 small studios,enclosed without permits from a permitted open patio).The units have fenced yard areas for kids to enjoy. This large property offers 3 guest parking. The property has a total of 4,333 living sq. on the large lot of 19,398 sq. zoned R3! Check with the city for ADU potential!! These units are in a convenient location close to: transit, train, bus stop, markets, restaurant, schools... this is an excellence rental property with a history of low vacancy. Currently low rents with good paying Tenants. Property to be sold "As Is" and in present condition.

3050 Sastre, 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.