248 1st Street, La Puente, CA 91744
  • MLS#: RS25068587 ( Commercial/Residential )
  • Street Address: 248 1st Street
  • Viewed: 3
  • Price: $3,849,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2024
  • Bldg sqft: 0
  • Days On Market: 12
  • Additional Information
  • County: LOS ANGELES
  • City: La Puente
  • Zipcode: 91744
  • Provided by: BRC Advisors BH
  • Contact: Avinash Avinash
  • California Regional MLS IDX
  • DMCA Notice
  • 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 areas 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 thats 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. Dont miss this rare opportunity to own a fully leased, new construction apartment building in a high growth area of the San Gabriel Valley.
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Features
Architectural Style
  1. Modern
Association Fee
  1. 0.00
Building Area Total
  1. 5524.00
Cable Tv Expense
  1. 0.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Construction Materials
  1. Frame
  2. Stucco
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Current Financing
  1. Conventional
Electric
  1. 220 Volts
  2. Electricity - On Property
  3. Standard
Electric Expense
  1. 15000.00
Entry Location
  1. street
Fencing
  1. None
Fireplace Features
  1. None
Flooring
  1. Vinyl
Foundation Details
  1. Slab
Fuel Expense
  1. 3360.00
Garage Spaces
  1. 0.00
Improvementsamount
  1. 3849000
Improvements Percent
  1. 100.00
Insurance Expense
  1. 9900.00
Interior Features
  1. Open Floorplan
  2. Recessed Lighting
Laundry Features
  1. Common Area
Laundry Income
  1. 1800.00
Levels
  1. Two
Lockboxtype
  1. None
  2. Call Listing Office
Lot Features
  1. 0-1 Unit/Acre
  2. Near Public Transit
  3. Yard
Netoperatingincome
  1. 244853.00
Newtaxesexpense
  1. 44264.00
Number Wallac
  1. 19
Otherexpense
  1. 19047.00
Otherexpensedescription
  1. Cleaning
Otherincome1
  1. 2400.00
Otherincomedescription
  1. Parking Income
Parcel Number
  1. 8246004021
Pool Features
  1. None
Postalcodeplus4
  1. 4513
Professionalmanagementexpense
  1. 14858.00
Property Type
  1. Commercial/Residential
Road Surface Type
  1. Paved
Roof
  1. Composition
Security Features
  1. Security Lights
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 435224036:CRM
Spa Features
  1. None
Tenant Pays
  1. None
Totalactualrent
  1. 31550.00
Totalexpenses
  1. 126589.00
Trash Expense
  1. 2460.00
Utilities
  1. Electricity Connected
  2. Natural Gas Connected
  3. Sewer Connected
  4. Water Connected
Vacancyallowance
  1. 11358
Virtual Tour Url
  1. https://www.dropbox.com/scl/fo/8u61dz27gd460ge7daazq/ABT2UvArJuXnbjME3SoikU8?e=2&preview=248+N+First+Street.mp4&rlkey=chy59hipb92jz2h7acm0uedpr&st=vpu76505&dl=0
Water Sewer Expense
  1. 7800.00
Water Source
  1. Public
Year Built
  1. 2024
Year Built Source
  1. Seller
Zoning
  1. LPBD