CBRE has announced that it has arranged the sale of Lumia, a newly constructed, mixed-use multifamily community – located at 850 North Azusa Avenue in Azusa – to Lumia Azusa LLC for $53 million. CBRE’s Chris Tresp, Derrek Ostrzyzek, Rachel Parsons, Mike Murphy and Kenji Thomas represented the seller, Serrano Development, in the transaction. Completed in 2024, Lumia features 127 luxury apartment homes and 9,132 square feet of street-level retail in the heart of Downtown Azusa, one of the most desirable communities in the San Gabriel Valley. Residents also benefit from direct access to the Azusa Downtown Metro Station, providing an eight-minute commute to Pasadena and seamless connectivity throughout Los Angeles. “Lumia represents a premier, transit-oriented asset in a walkable setting in Downtown Azusa, an emerging San Gabriel Valley submarket,” said Chris Tresp, vice president at CBRE.

Source: Los Angeles Times February 05, 2026 17:31 UTC