1381 N SAN GABRIEL CANYON Road, Azusa CA, 91702

Sold

1381 N SAN GABRIEL CANYON Road

Azusa CA, 91702

$8,650,000

Sold

Residential

Built in 1962

Listed by Peter Hauser with Avison Young – Southern CA LTD 949-430-0687

The Riviera Apartment community is an ideal opportunity for a multifamily investor to take advantage of purchasing an apartment asset in thedynamic growth market of the East San Gabriel Valley, City of Azusa. The Riviera is conveniently located within a short distance to retail, restaurants, gold line transit hub, major entertainment venues and the top employment centers.The Riviera Apartments is the perfect multifamily investment opportunity with projected longterm market stability, positive rental growth, improving East San Gabriel Valley sub-market location, tax and long-term appreciation benefits The ownership does not have a defined timeline to sell and therefore may be able to accommodate timing on a 1031 exchange into Riviera. Additionally, the ownership has two other multifamily assets in this submarket and may entertain a sale of those properties with Riviera. The property has projected immediateupside in the rental income.

19466670

MLSⓇ ID

March 18, 2024

Updated

Interior Features

Total Stories: 2
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 1.27 Acres

Other Property Details

Area Name: 607 - Azusa
Days on Market: 184
Garage: No
Parking: Carport
View: No
County: Los Angeles
Zoning: AZR3C*

Listing Contact: 213-935-7430

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/18/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/18/2024 at 7:22 PM UTC