248 N 1st Street

La Puente, CA 91744

  • 0 Bed(s)
  • 0 Bath(s)
  • 5,524 Sqft
  • 7491
    Sqft(Lot)
$3,849,000

Description

New 2024 construction – turnkey 19-unit fully occupied multifamily asset in the heart of growing downtown la puente

welcome to a rare opportunity to own a brand-new 2024-built multifamily property consisting of 19 modern units, now 100% occupied and generating immediate income. perfectly suited for investors looking for strong, stabilized cash flow, or organizations seeking high-quality housing solutions for city or non-profit programs, this property offers exceptional long-term potential.

strategically located in the heart of downtown la puente, this asset is positioned behind city hall, across from la puente high school, and steps away from a new condominium development, highlighting the area’s rapid transformation and rising demand.

each unit is designed with modern finishes and functional layouts, appealing to long-term tenants. the building features in-house laundry facilities, offering added convenience for residents and an additional source of revenue.

additional amenities include on-site parking, a highly desirable feature in this urban setting. with a layout ideal for both market-rate renters and affordable housing programs, the property is well-suited for partnerships with local municipalities, housing authorities, or non-profit organizations.

with no deferred maintenance, full occupancy, and brand-new construction, this asset is a truly turnkey investment that’s ready to perform from day one. whether you plan to lease at market rates or through a housing assistance program, this building is positioned to be a cash-flowing powerhouse.

don’t miss this rare opportunity to own a fully leased, new construction apartment building in a high-growth area of the san gabriel valley.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Modern

  • AD ID

    49366514

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Composition
    • Interior Features: Open Floorplan,Recessed Lighting,Bedroom on Main Level
    • Fireplace: None
    • Flooring: Vinyl

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 2024
    • Building Area Total: 5,524
    • Construction: Frame,Stucco
    • Roof: Composition

    Foundation

    • Slab

    Security Features

    • Security Lights

    Pool Features

    • None

    Laundry Features

    • Common Area

    Fencing

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.172
    • Lot Size Source: See Remarks
    • Lot Size Square Feet: 7491

  • Listing Price Information

    • Original List Price: 3,849,000
    • Listing Contract Date: 2025-04-14

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 8246004021

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: None

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 633 - Industry/La Puente/Valinda
    • Postal Code Plus 4: 4513
    • Directions: From the 10 Freeway, take the Hacienda Blvd exit and head south. Turn right onto Nelson Avenue, then left onto 1st Street. Property will be on the right side at 248 N 1st Street.
    • Zoning: LPBD
    • Source Property Type: Residential Income
    • Area: 633 - Industry/La Puente/Valinda
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 1
    • Common Walls: No Common Walls
    • Structure Type: Mixed Use
    • Year Built Source: Owner
    • Entry Level: 1
    • Entry Location: street
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/25/2025 @ 13:11

  • MLS: RS25068587
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 5,524 sqft, 7,491 sized lot, and 0 parking. are nearby neighborhoods.