1381 N San Gabriel Canyon Road

    Azusa, CA 91702
    • $9,500,000
    • STATUS: Active
    • ON SITE: 63 days
    • MLS #: 19466670
    UPDATED: 16 min ago
    $9,500,000
    • 62
      BEDS
    • 1.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 31,430
      SQFT
    • $302
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    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.

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    ©2019 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hacienda Group Inc. Based on information from the California Desert Association of Realtors as of 2019-07-18T11:39:10.9. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
    www.haciendagroupinc.com/homes/94798199

    1381 N San Gabriel Canyon Road Azusa, CA 91702

    • Price: $9,500,000
    • Status: Active
    • Updated: 16 min ago
    • MLS #: 19466670
    62
    Beds
    0
    Baths
    0
    ½ Baths
    1.27
    Acres
    31,430
    SQFT
    $302
    $/SQFT
    1962
    Built
    Neighborhood:
    Azusa
    County:
    Los Angeles
    Area:
    Azusa
    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.
    Exterior Features

    Carport Or Covered Spaces 0 Pool No Total Other Spaces 0 Total Parking Spaces 37

    Interior Features

    Avg Sq Ft Studio 0 Avg Sq Ft1 Bedroom 0 Avg Sq Ft2 Bedroom 0 Avg Sq Ft3 Bedroom 0 Bathrooms 40.00 Cooling Type Other Entry Level 0 Heating Type Other

    Property Features

    Act Total Rent 0.00 Adj Gross Income 700800.00 Annual Gross Rent 0.00 Annual Land Lease Amount 0.00 Disclosures Property As Is Green Year Certified 0 Gross Annual Income 0.00 Gross Operating Inc 725372.00 Gross Schedule Inc 0.00 Lot Size Source (Assessor) MLS Claw Mls Monthly Gross Income 0.00 Net Operating Inc 427986.00 Number Of Buildings 1 Operating Expenses 0.00 Property Subtype Residential Income Realtor Association Palm Springs Assocation Of Realtors Sale Type Standard Sale Square Footage Source Assessor Tax Rate 0.00 Total Annual Op Exp 297386.00 Total Taxes 0.00

    Listing information © 2019 California Desert Association of Realtors.
    Listing provided courtesy of of Avison Young €€Œ Southern Ca Ltd.
    ©2019 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hacienda Group Inc. Based on information from the California Desert Association of Realtors as of 2019-07-18T11:39:10.9. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

    Licensed in the State of California, USA
     
    Hacienda Group Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253