$10,800,000
$11,500,000
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1381 N San Gabriel Canyon RD Azusa, CA 91702
31,430 SqFt
Key Details
Sold Price $10,800,000
Property Type Other Types
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 31,430 sqft
Price per Sqft $343
MLS Listing ID CV21219195
Sold Date 08/17/22
HOA Y/N No
Year Built 1962
Lot Size 1.274 Acres
Acres 1.274
Property Description
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.
Location
State CA
County Los Angeles
Area 607 - Azusa
Zoning AZR3C*
Rooms
Ensuite Laundry CommonArea
Interior
Interior Features CeilingFans
Laundry Location CommonArea
Cooling CentralAir
Fireplace No
Laundry CommonArea
Exterior
Carport Spaces 38
Pool Community
Community Features Curbs, Sidewalks, Pool
Total Parking Spaces 38
Private Pool No
Building
Lot Description Item3640UnitsAcre
Story 2
Entry Level Two
Sewer PublicSewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 8608001003
Energy Description 22509.0
Acceptable Financing Cash, CashtoNewLoan
Listing Terms Cash, CashtoNewLoan
Financing Other
Special Listing Condition Standard
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Bought with ERIC CHEN • CB RICHARD ELLIS
Lisa Bethel
Advisor | Accredited Buyer's Representative | Seniors Real Estate Specialist® | License ID: 02046953