The new Riviera units downtown are pricey, but they give some people San Francisco vibes. Top and middle level ones are going in the $1-2 million range, but their target buyers are people moving out of the city for a reason. Not only is there parking, but it’s near BART and Target and have an HOA.
Some new tenants like the “city feel” the building itself puts off, with all the amenities you’d expect from newer units in downtown San Francisco. There is a nice upstairs lounge area, it’s close to public transportation, and best of all, there is car and bike parking!
There is even a fire pit, a bike lock and repair station, and views of Mt. Diablo. I know of one tenant who opted for one on the non-Mt. D side because looking at another building actually reminded her more of living in San Francisco. To each their own!
So far, the units are about 40% filled, but I’m sure that will continue to go even higher. Units get snatched up in Walnut Creek super fast these days, and the location is pretty ideal. It will be interesting to see how many SF transplants the Riviera apartments end up getting!
