1381 N San Gabriel Canyon Rd
$9,500,000, 62 Beds 40 Baths 31,430 Sqft
About This Property
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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