248 N 1st Street
La Puente, CA, 91744
$3,849,000
Beds
0 Baths
SqFt
0.17 Acres
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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 Details

Price:
$3,849,000
MLS #:
RS25068587
Status:
Active
Baths:
0
Address:
248 N 1st Street
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
633industrylapuentevalinda
City:
La Puente
Listed Date:
Apr 14, 2025
State:
CA
ZIP:
91744
Lot Size:
7,491 sqft / 0.17 acres (approx)
Year Built:
2024
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Schools

Interior

Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Flooring
Vinyl
Interior Features
Open Floorplan, Recessed Lighting

Exterior

Community Features
Sidewalks, Street Lights, Urban
Electric
220 Volts, Electricity – On Property, Standard
Fencing
None
Foundation Details
Slab
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre, Near Public Transit, Yard
Parking Spots
0.00
Pool Features
None
Roof
Composition
Security Features
Security Lights
Sewer
Public Sewer
Spa Features
None
Stories Total
2
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
None
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

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Community

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248 N 1st Street
La Puente, CA