Azusa, CA 91702,1381 N SAN GABRIEL CANYON RD
Azusa, CA 91702,1381 N SAN GABRIEL CANYON RD
2
$8,650,000
$9,500,000
8.9%
Est.Price: ?

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1381 N SAN GABRIEL CANYON RD Azusa, CA 91702

Est. payment /mo
SOLD DATE : 11/10/2019

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Key Details

Sold Price $8,650,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 19466670

Sold Date 11/10/19

HOA Y/N No

Year Built 1962

Property Description

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.

Location

State CA

County Los Angeles

Area 607 - Azusa

Zoning AZR3C*

Interior

Fireplace No

Exterior

Garage Carport

Parking Type Carport

Building

Story 2

Others

Senior Community No

Tax ID 8608001003

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Peter Hauser • Avison Young – Southern CA LTD
Bought with Peter Hauser • Avison Young – Southern CA LTD

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Cher Team

Broker | License ID: 02094241

+1(949) 683-7472

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