248 North 1st Street Active Save Request In-Person Tour Request Virtual Tour
La Puente,CA 91744
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 5,524 sqft
Price per Sqft $696
MLS Listing ID RS-25068587
Style Modern
Year Built 2024
Lot Size 7,491 Sqft
Property Sub-Type Commercial/Residential
Property 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.
Location
State CA
County Los Angeles
Zoning LPBD
Interior
Interior Features Open Floorplan,Recessed Lighting
Cooling Wall/Window Unit(s)
Flooring Vinyl
Fireplaces Type None
Laundry Common Area
Exterior
Parking Features Gated
Pool None
Community Features Sidewalks,Street Lights,Urban
Utilities Available Sewer Connected,Water Connected,Electricity Connected,Natural Gas Connected
Building
Lot Description Near Public Transit,Yard,0-1 Unit/Acre
Sewer Public Sewer
Others
Virtual Tour https://www.dropbox.com/scl/fo/8u61dz27gd460ge7daazq/ABT2UvArJuXnbjME3SoikU8?e=2&preview=248+N+First+Street.mp4&rlkey=chy59hipb92jz2h7acm0uedpr&st=vpu76505&dl=0