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La Puente Apartments Sell for $7.81M

LA PUENTE, CA-New owner plans renovations at 103-unit complex on seven acres in San Gabriel Valley, east of downtown Los Angeles, broker Peter Hauser of Hendricks & Partners tells GlobeSt.com.

By Bob Howard | Updated on July 19, 2002

LA PUENTE, CA-David Tsoong and Betty K. Tu, co-trustees of the Tsoong/Tu Living Trust of Irvine, Calif., acquired the 103-unit Villa Las Brisas apartments at 500 Dora Guzman in La Puente for $7.81 million from LAP Ventures LLC of San Diego.

The complex was 95% occupied at the time of the sale, broker Peter Hauser of Hendricks & Partners tells GlobeSt.com. Hauser and Hendricks’ Chris Cockerham represented both the buyer and the seller.

Hauser tells GlobeSt.com that the complex, built in the 1960s, consists of single-story, garden style buildings on a site of about seven acres. It includes 88 two-bedroom, one-bath units and 15 with two bedrooms and two baths.

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