1381 N San Gabriel Canyon Road, Azusa

$9,500,000

0 Beds
0 Baths
31,430 Sqft
0 Garages

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.

Essential Information
MLS® #19466670
Price$9,500,000
Square Footage31,430
Acres1.27
Year Built1962
TypeResidential Income
StatusPending
Community Information
Address1381 N San Gabriel Canyon Road
AreaAzusa (607)
CityAzusa
CountyLos Angeles
StateCA
Zip Code91702
Interior
CoolingSee Remarks
# of Stories2
Additional Information
Date ListedMarch 18th, 2019
Days on Market184
ZoningAZR3C*
Listing Details
AgentPeter Hauser(00856966)
Office

Avison Young – Southern C

Property History
Status Changed from Active to Pending
LISTING MAP

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Based on information from California Regional Multiple Listing Service, Inc. as of March 6th, 2019 at 5:36pm PST. 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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