11
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$3,595,000
Est. payment /mo
5,524 SqFt
Active
248 N 1st Street La Puente, CA 91744
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,524 sqft
Price per Sqft $650
MLS Listing ID CRRS25068587
HOA Y/N No
Year Built 2024
Lot Size 7,491 Sqft
Acres 0.17
Property Sub-Type Other
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 maint
Location
State CA
County Los Angeles
Zoning LPBD
Interior
Cooling Wall/Window Unit(s)
Flooring Vinyl
Fireplace No
Laundry Other
Building
Lot Description Other
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 8246004021
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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Listed by Avinash Narang • BRC Advisors BH
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289