1381 San Gabriel Canyon Rd

Azusa, CA 91702

$10,800,000
Last Sold Price
5
Beds
40
Baths
31,430 Sq. Ft.
$344 / Sq. Ft.
31,430
Sq. Ft.
$344
per Sq. Ft.

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 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.
  1. Listed by ERIC CHEN • DRE #01489184 • Brokerage DRE #00409987 • CB RICHARD ELLIS

Property Details for 1381 San Gabriel Canyon Road

Parking Spaces Total
38
Private Pool
No
Cooling Type
Central Forced Air
Total Units
36.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
31430
Assessor Parcel Number
8608-001-003
LISTING UPDATED: 08/17/2022 03:45 AM

Property Details for 1381 San Gabriel Canyon Road

StatusClosed
MLS #CV21219195
Days on Market159
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
CountyLos Angeles County

Location

Listing Courtesy of CB RICHARD ELLIS, ERIC CHEN, DRE #01489184

Sold By CB RICHARD ELLIS, ERIC CHEN, DRE #01489184

Add your commute

Building Information for 1381 San Gabriel Canyon Road

Building/Complex1381 San Gabriel Canyon RdFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1962Building Size-

Payment Calculator

$68,131 per month

30 year fixed, 6.845% Interest

Principal and Interest

$56,586

Property Taxes

$11,545

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1381 San Gabriel Canyon Road

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $782,206
  • Gross Scheduled Income: $710,643
  • Vacancy Allowance: 23466
  • Gross Operating Income: $758,740
  • Net Operating Income: $420,439
  • Laundry Income: $8,400
  • Other Income Description: RUBS / Laundry
  • Other Income 1: $55,963
  • Other Income 2: $7,200
  • Gross Multiplier: 16.18
  • Cap Rate: 3.66
  • Financing: Other/Remarks
Expense Details
  • Operating Expense: $338,302
  • New Taxes Expense: $141,577
  • Gardener Expense: $7,200
  • Fuel Expense: $22,509
  • Licenses Expense: $7,351
  • Pool Expense: $3,480
  • Electric Expense: $28,416
  • Insurance Expense: $12,600
  • Professional Management Expense: $55,256
  • Other Expense: $7,200
  • Other Expense Description: Reserves
  • Trash Expense: $9,540
  • Water Sewer Expense: $21,573
  • Total Expenses: $338,302
Tax / Assessment Info
  • Tax Block: 3
  • Tax Tract Number: 627
  • Tax Census Tract: 4006.02
  • CFD/Mello-Roos Fee: $8,207
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Interior Features: Ceiling Fan(s)
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: Central Air
Exterior Features
  • Pool Features: Community
  • Pool: Community/Common
  • Spa Features: None
Land/Lot Info
  • Lot Features: 36-40 Units/Acre
  • Number Of Units: 36
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 38
Unit Information
Unit 1
  • Unit Type Units Total: 10
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $14,939
  • Unit Type Total Rent: $179,269
  • Unit Type Pro Forma: 17000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 22
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $36,695
  • Unit Type Total Rent: $440,342
  • Unit Type Pro Forma: 46200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $7,586
  • Unit Type Total Rent: $91,032
  • Unit Type Pro Forma: 9200
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 34
  • Rent Controlled: Yes
  • Number Of Buildings: 4
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 1381 San Gabriel Canyon Road

DateEvent & SourcePriceAppreciation
Aug 17, 2022

Sold

CLAW #CV21219195MR

$10,800,000
Aug 17, 2022

Sold

SDMLS #CV21219195

$10,800,000
Aug 17, 2022

Sold

CRMLS #CV21219195

$10,800,000
Aug 15, 2022

Sold (Public Record)

Public Record #1495475344

$10,800,000

+7.9% / yr

May 16, 2022

Pending

CRMLS #CV21219195

May 16, 2022

Pending

SDMLS #CV21219195

Apr 29, 2022

Expired

SDMLS #CV21219195

Mar 9, 2022

Accepting Backup Offers

CRMLS #CV21219195

Mar 9, 2022

Pending

SDMLS #CV21219195

Mar 9, 2022

Pending

CLAW #CV21219195MR

Mar 9, 2022

Accepting Backup Offers

SDMLS #CV21219195

Mar 9, 2022

Accepting Backup Offers

CLAW #CV21219195MR

Oct 1, 2021

Listed (Active)

SDMLS #CV21219195

$11,500,000
Oct 1, 2021

Listed (Active)

CLAW #CV21219195MR

$11,500,000
Oct 1, 2021

Listed (Active)

CRMLS #CV21219195

$11,500,000
Nov 10, 2019

Sold

CLAW #19-466670

$8,650,000
Nov 10, 2019

Sold

CRMLS #19466670

$8,650,000
Sep 24, 2019

Pending

CLAW #19-466670

Sep 24, 2019

Listed (Active)

CLAW #19-466670

$9,500,000
Sep 24, 2019

Pending

CRMLS #19466670

Sep 12, 2019

Sold (Public Record)

Public Record #656477995

$8,650,000
Mar 18, 2019

Listed (Active)

CRMLS #19466670

$9,500,000
DateEvent & SourcePrice
08/17/2022

Sold

CLAW #CV21219195MR

$10,800,000
08/17/2022

Sold

SDMLS #CV21219195

$10,800,000
08/17/2022

Sold

CRMLS #CV21219195

$10,800,000
08/15/2022

Sold (Public Record)

Public Record #1495475344

$10,800,000

+7.9% / yr

05/16/2022

Pending

CRMLS #CV21219195

05/16/2022

Pending

SDMLS #CV21219195

04/29/2022

Expired

SDMLS #CV21219195

03/09/2022

Accepting Backup Offers

CRMLS #CV21219195

03/09/2022

Pending

SDMLS #CV21219195

03/09/2022

Pending

CLAW #CV21219195MR

03/09/2022

Accepting Backup Offers

SDMLS #CV21219195

03/09/2022

Accepting Backup Offers

CLAW #CV21219195MR

10/01/2021

Listed (Active)

SDMLS #CV21219195

$11,500,000
10/01/2021

Listed (Active)

CLAW #CV21219195MR

$11,500,000
10/01/2021

Listed (Active)

CRMLS #CV21219195

$11,500,000
11/10/2019

Sold

CLAW #19-466670

$8,650,000
11/10/2019

Sold

CRMLS #19466670

$8,650,000
09/24/2019

Pending

CLAW #19-466670

09/24/2019

Listed (Active)

CLAW #19-466670

$9,500,000
09/24/2019

Pending

CRMLS #19466670

09/12/2019

Sold (Public Record)

Public Record #656477995

$8,650,000
03/18/2019

Listed (Active)

CRMLS #19466670

$9,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1381 San Gabriel Canyon Road

Taxable ValueLand$4,284,000Additions$6,735,720Total$11,019,720
Tax Record2024$138,536 ($11,545 / month)
Home Facts
Total Finished SqFt31,430 SqFtAbove Grade Finished SqFt31,430 SqFtLot Size55,498 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningAZR3C*CountyLOS ANGELESAPN8608-001-003

Schools near 1381 San Gabriel Canyon Road

This home is within Azusa Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Henry Dalton Elementary School
PublicK to 6

Slauson Intermediate School
Public7 to 8

Azusa High School
Public9 to 12

Sierra High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CB RICHARD ELLIS, ERIC CHEN, DRE #01489184

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.