UPDATED:
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID RS25068587
HOA Y/N No
Year Built 2024
Lot Size 7,492 Sqft
Property Sub-Type Mixed Use
Property Description
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.
Location
State CA
County Los Angeles
Area 633 - Industry/La Puente/Valinda
Zoning LPBD
Interior
Interior Features Open Floorplan, Recessed Lighting, Bedroom on Main Level
Cooling Wall/Window Unit(s)
Flooring Vinyl
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Fence None
Pool None
Community Features Street Lights, Sidewalks, Urban
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Composition
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Near Public Transit, Yard
Story 2
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8246004021
Security Features Security Lights
Energy Description 3360.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Lakeshia's passion for real estate and her love for California are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in California.
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