The Riviera Apartments

Historical Residential
Written By KEN SCHWARTZ

The Riviera Apartments
Azusa, CA

Property Address:
1381 San Gabriel Canyon Rd.,
Azusa, CA 91702

The Riviera Apartments was acquired in concert with The Palmview Apartments and The Azusan Apartments between October 2019 and 2020, creating a small portfolio of 116 units with an immediate proximity allowing the assets to be managed more efficiently as one property. BPG was able to further increase value though better management, seismic upgrades, repairing deferred maintenance, upgrading the aesthetics and common areas as well as providing attractive unit interiors. BPG was able to see successfully sell all three assets and meet the pro forma returns.

KEN SCHWARTZ
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The Azusan