Azusa, CA 91702,1381 N San Gabriel Canyon RD
Azusa, CA 91702,1381 N San Gabriel Canyon RD
Azusa, CA 91702,1381 N San Gabriel Canyon RD
$10,800,000
Est. payment /mo
$11,500,000
6.1%
Est.Price: ?

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31,430 SqFt
SOLD DATE : 08/17/2022

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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California Regional MLS (CRMLS)
Listed by ERIC CHEN • CB RICHARD ELLIS
Bought with ERIC CHEN • CB RICHARD ELLIS
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