19550 E Cienega Ave

Covina, CA 91724
  • $22,500,000

    Price
  • 5

    Bed
  • 4

    Bath
  • 65,688

    SqFt
  • 3.35

    Acre

About the Listing 20277 - W76708,WS77493

Villa Christina Apartments is a well-maintained, resort-style 78-unit multifamily community located in the Charter Oak neighborhood of Covina, in unincorporated Los Angeles County. Family owned and operated for 37 years, the property consists of four two-story buildings situated on 3.35 acres and offers a highly desirable mix of 49 two-bedroom/two-bath units and 29 three-bedroom/two-bath units. The community features a gated pool and spa, barbecue areas, ample on-site parking with 177 spaces, and a property-owned laundry facility. Approximately 68% of the units have received full interior upgrades,, or kitchen upgrades only, including stone countertops, custom cabinetry, and full appliance packages. Recent capital improvements include a comprehensive pool and spa renovation completed in 2024 and the replacement of Building B’s roof in 2026. The property is subject to the LA County Rent Stabilization Ordinance. There is the potential to add ADU's, buyer to further evaluate. Villa Christina presents a compelling value-add opportunity with 38% upside in current rents. Villa Christina offers a buyer a stabilized multifamily platform in the Charter Oak neighborhood of Covina with clear mark-to-market upside and long-term hold fundamentals.

Listing Highlights for 19550 E Cienega Ave

Status Active
Days on Site 37
Property Type Multi-Family
MLS ® WS26194584
Year Built 1988
Total Square Footage 65,688
Lot/Acreage 3.35

Interior Details

  • Bedrooms: 5
  • Bathrooms: 4 Full
  • Appliances:
  • Air Cond: Central Air
  • Heating: Central
  • Fireplaces:
  • Floor:
  • Basement:
  • Other:
  • Water: Public

Exterior Details

  • Lot Description: Street Level,No Land Lease
  • Garage Capacity: N/A
  • Parking Spaces: 177
  • Roof:
  • Others: 2+ Total Units
  • Sewer: Public Sewer

Financial Details

  • Tax Amount: $254,703
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 8404021047
  • Tax Year: N/A

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19550 E Cienega Ave Covina, CA 91724

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Originating MLS: CRMLS

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Yury Medrano

Realtor | Los Angeles, CA & Boise, ID | Silvercreek Realty Group | Sky Homes & Estates

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