19550 E Cienega Ave - Apartments FOR SALE


Covina, CA 91724- Charter Oak
$22,500,000 USD
626-429-0685
19550 E Cienega Ave, Covina, CA for Sale
$22,500,000 USD
Apartments - FOR SALE
1/25
null | 4.89% Cap Rate

19550 E Cienega Ave
Covina, CA 91724
Charter Oak


OVERVIEW

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. **Return signed confidentiality agreement to review property materials.

FOR SALE DETAILS

PRICE

$22,500,000 USD

PRICE/SF

$254 USD /SF

# OF UNITS

78

PRICE/UNIT

$288,462

CAP RATE

4.89%

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Villa Christina Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

177

LAND DETAILS

LAND ACRES

3.35 AC

LAND SF

146,057 SF

ZONING

LCA17500*

APN/PARCEL ID

8404-021-047

ASK ABOUT THIS PROPERTY

Kevin LutzBridge Investment GroupMore Info
626-429-0685

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Kevin LutzBridge Investment GroupMore Info
626-429-0685

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.