Bridgeport Villa 248 N 1st St Immeuble residentiel 19 lots 3 122 617 € (164 348 €/Lot) Taux de capitalisation 6,89 % La Puente, CA 91744

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.
Key Features
Offering Price: $3,595,000
Property Type: Multifamily (19 Studio Units)
Year Built: 2024 – New Construction
Occupancy: 100% Leased – Turnkey, Income-Producing Asset
Location: Prime Downtown La Puente
Located behind City Hall and across from La Puente High School
Steps from new residential development
Lot Size: 7,489 SF
Building Size: 5,524 SF
Price Per Unit: $189,211
Price Per SF: $650.80
Key Features
Fully stabilized asset with immediate cash flow
100% studio layouts with modern, functional interiors
On-site laundry facilities and parking – added tenant convenience and revenue potential
Ideal for both market-rate tenants and housing assistance programs
Zero deferred maintenance – turnkey, low-touch investment
Located in a rapidly transforming area with high rental demand
Financial Overview
CAP Rate: 6.89% (In-Placed) | 7.54% (Pro Forma)
Gross Rent Multiplier (GRM): 9.39 (In-Placed | 8.84 (Pro Forma)
Cash-on-Cash Return: 6.10% (In-Placed) | 8.00% (Pro Forma)
Net Operating Income (NOI): $247,653 (In-Placed | $270,002 (Pro Forma)
Gross Scheduled Rent: $382,800 (In-Placed | $406,800 (Pro Forma)
Other Income (Laundry + Parking): $4,200 (In-Placed) | $4,200 (Pro Forma)
Effective Gross Income: $371,316 (In-Placed | $394,596 (Pro Forma)
Operating Expenses: $123,663 (32.3%) In-Placed | $124,594 (30.6%) Pro Forma
Net Cash Flow After Debt Service: $76,819(In-Placed | $99,168 (Pro Forma)