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248 N 1st Street

La Puente, CA 91744

– beds
– baths
– sqft
7,491 sqft lot
2024 build
– on site

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.

Listed By CRMLS_CA / Avinash Narang / BRC Advisors BH / 818-288-0697

Last checked: Checking… • Last updated Apr 14, 2025 •

MLS# RS25068587 —

The Building

Year Built:

2024
Year Built Source:

Seller
New Construction:

No
Construction Materials:

Frame, Stucco
Building Area Total:

5524.00
Building Area Units:

Square Feet
Total Number Of Units:

19
# of Buildings:

1
Architectural Style:

Modern
Roof:

Composition
Foundation:

Slab
Stories Total:

2
Entry Level:

1
Common Walls:

No Common Walls
# of Separate Gas Meters:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

1

Interior

Features:

Open Floorplan, Recessed Lighting
Levels:

Two
Entry Location:

street
Flooring:

Vinyl
Room Type:

Kitchen, Living Room, Main Floor Bedroom
Number Wall AC:

19
Fireplace:

No
Fireplace:

None
Laundry:

Common Area
Laundry:

1

Location

Directions:

From the 10 Freeway, take the Hacienda Blvd exit and head south. Turn right onto Nelson Avenue, then left onto 1st Street. Property will be on the right side at 248 N 1st Street.
Latitude:

34.02298000
Longitude:

-117.95227800

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Zoning:

LPBD
Lot Features:

0-1 Unit/Acre, Near Public Transit, Yard
Lot Size Area:

7491.0000
Lot Size Acres:

0.1720
Lot Size SqFt:

7491.00
Lot Size Source:

See Remarks
Fencing:

None
Fence:

No
Security Features:

Security Lights
Road Surface Type:

Paved
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

4077.02
Tax Tract:

407...
Tax Lot:

20

The Listing

Virtual Tour
Special Listing Conditions:

Standard
Parcel Number:

8246004021

Heating & Cooling

Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Utilities:

Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

220 Volts, Electricity - On Property, Standard
Water Source:

Public

The Community

Features:

Sidewalks, Street Lights, Urban
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
4/14/25 Apr 14, 2025	Listed / Active	CRMLS_CA	$3,849,000
2/7/25 Feb 7, 2025	Price Changed	CRMLS_CA
2/4/25 Feb 4, 2025	Listed / Active	CRMLS_CA

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This multifamily located in La Puente, CA 91744 is currently for sale for $3,849,000. 248 N 1st Street is a – square foot multifamily with – beds and – baths that has been on Estately for 2 days. This multifamily is in the attendance area of Sierra Vista Middle School, La Puente High School, and Workman Elementary School.

Listing Courtesy of: CRMLS_CA and BRC Advisors BH. Based on information from California Regional Multiple Listing Service, Inc. as of 08:06 on Apr 16.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.