Listed by ERIC CHEN, CB RICHARD ELLIS,

1381 N San Gabriel Canyon Road

Azusa, CA, 91702

$11,500,000

$365 per ft²
$11,500,000
$365 per ft²
Pending
Pending
 - For Sale
carpenters-square
31,430 ft²
property_type
Multi-family
calendar
Built 1962
The Riviera Apartments located at 1381 N San Gabriel Canyon Road in the city of Azusa. May also be purchased together or separately with the Palm View Apartments located at 1311 N Azusa Avenue in the city of Azusa. Situated one parcel from one another, the Riviera Apartments and the Palm View Apartments are on the same block between Sierra Madre Avenue and E 13th Street. Both properties provide easy access to Azusa Pacific University, Downtown Azusa, the 210 Freeway, and the Metro Gold Line Station. The properties are within minutes to plenty of diverse restaurants, shopping, and world class educational institutions. Located in the heart of the San Gabriel Valley, Azusa is a charming LA suburb regarded for its pervasive natural beauty and exceptional opportunities for outdoor recreation. Nicknamed “the Canyon City,” Azusa sits at the entrance to the San Gabriel Canyon. The San Gabriel Mountains are also visible throughout much of the city. In addition to the canyons and mountains, Azusa residents enjoy access to a host of scenic parks and trails, including the nearby Santa Fe Dam Recreation Area. The city of Azusa is ideally located by offering convenient access to the neighboring cities within the San Gabriel Valley, Los Angeles County and San Bernardino County. It is less than 30 miles from LAX and is conveniently positioned within minutes to the I-210 and I-10 freeways with just a short drive way from Downtown Los Angeles and Pasadena. Significant local landmarks within a 20-mile radius include: The Huntington Library, The Rose Bowl, Dodger Stadium, The Staples Center, Santa Anita Park, Griffith Observatory, Los Angeles Zoo, Hollywood Walk of Fame, Hollywood Bowl, Universal Studios, and more. The Riviera Apartments in Azusa is a well-maintained, newly renovated 2-story, 36-unit property built in 1962. The Property is situated on one parcel, a total of ±1.275 acres of land and a total building size of ±31,430 square feet. It features a unit mix of one-bed/one-bathroom, two-bed/one-bathroom, and two-bed/ two-bathroom units averaging 873 gross square feet per unit. The units feature high-speed Internet access, air conditioning, ceiling fans, wall-to-wall carpet and window coverings. The building features on-site laundry, covered parking and a pool with mature landscaping. The property is in a highly desirable area and offers stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or a 1031 exchange opportunity.
MLS® ID:
CV21219195
Listed:
9/30/21
Updated:
8/10/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Interior Features
Ceiling Fan(s)
Laundry Description
Common Area
Cooling
Central Air

Exterior/Building Features

Lot Size
1.27 acres lot
Lot Details
36-40 Units/Acre
Sewer
Public Sewer

Other Property Details

Area Name
607 - Azusa
HOA Amenities
Curbs, Sidewalks, Pool
Garage
No
Parking
N
Parking Total
38.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
Community
Total Stories
2
Zoning
AZR3C*

Property History

Date
Event
Price
Value
5/16/22
Pending
-
-
4/15/22
Active Under Contract
-
-

 

Listed by ERIC CHEN, CB RICHARD ELLIS,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/10/22. 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, 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.

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Data last updated 1:27 PM UTC, 8/10/22

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