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248 N 1st Street La Puente, CA 91744
$3,595,000 0 beds, 0 baths
0 sqft
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Agent Remarks

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.

Listing Details

Property type: Mixed Use (Multi-Family)
Status: Active
MLS# RS25068587
List price is $3,595,000 Reduced by $254,000 on 5/24/2025
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 2024
2 stories
0.17 acres
Lot size: 0.1720
County: Los Angeles
Property style: Modern
Zoning: LPBD
Construction: Frame,Stucco
Interior features: Open Floorplan,Recessed Lighting,Bedroom on Main Level
Lot description: ZeroToOneUnitAcre,Near Public Transit,Yard
Heating/cooling: Wall/Window Unit(s)
MLS area: 633 - Industry/La Puente/Valinda

Last Updated: 5/24/2025

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This listing belongs to the 633 - Industry/La Puente/Valinda MLS area

The style of this listing is Modern.
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Lat/Long: 34.022980, -117.952278.
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Listing Agent: Avinash Narang
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

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Lic#: 01276603

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18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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