248 N 1st St

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.