CA > La Puente
La Puente, CA 91744,248 North 1st Street
La Puente, CA 91744,248 North 1st Street
La Puente, CA 91744,248 North 1st Street
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Listed by Avinash Narang • BRC Advisors BH
$3,849,000
Est. payment /mo
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5,524 SqFt
Active

248 North 1st Street La Puente, CA 91744

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Camille Marsh

Camille Marsh

+1(805) 387-2350

UPDATED:

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

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agent

Camille Marsh

Broker Associate | License ID: 01277020

+1(805) 387-2350

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248 North 1st Street