CA > Covina
Covina, CA 91724,19531 E Cienega Ave
Covina, CA 91724,19531 E Cienega Ave
Covina, CA 91724,19531 E Cienega Ave
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$6,298,000
Est. payment /mo
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40 Beds
40 Baths
16,191 SqFt
New

19531 E Cienega Ave Covina, CA 91724

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Jill Miranda

Jill Miranda

+1(619) 248-1431

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,191 sqft

Price per Sqft $388

MLS Listing ID 25564631

Bedrooms 40

Construction Status Updated/Remodeled

Year Built 1988

Lot Size 0.940 Acres

Acres 0.9402

Property Sub-Type Multi-Family

Property Description

We are pleased to present for sale a 20-unit multifamily property situated at 19531 E Cienega Ave in Covina. This property offers investors the opportunity to acquire a pride-of-ownership, value-add real estate asset in the heart of the San Gabriel Valley. Constructed in 1988, the property features a favorable unit mix consisting entirely of large 2-bedroom, 2-bathroom units. The units total approximately 16,191 square feet on a spacious 0.94-acre lot. Each unit includes its own patio or balcony and is separately metered for gas and electricity, providing added convenience. The property boasts an onsite laundry facility, a swimming pool, and secure gated entries. Parking accommodations include ample carports and uncovered spaces on the large lot. The property has been well-maintained under long-term ownership for over 20 years with most units having been renovated. Current rents are more than 25% below market, presenting a clear path for income growth. Located in unincorporated Los Angeles County, the property falls under the county's rent stabilization ordinance. Additionally, there is potential for additional rental income by adding accessory dwelling units (ADUs), subject to verification by the buyer. Strategically positioned, 19531 E Cienega Ave offers convenient access to a multitude of amenities and attractions. The property is in close proximity to supermarkets, national retailers, restaurants, and schools, with easy access to major transportation arteries, including the 210 and 10 freeways and the Covina Metrolink Station. This sought-after location provides investors with the prospect of acquiring a lucrative multifamily asset poised to generate substantial cash flow while offering a hedge against inflation in the thriving city of Covina.

Location

State CA

County Los Angeles

Area Covina

Zoning LCA17500*

Rooms

Other Rooms None

Interior

Heating Central

Cooling Ceiling Fan, Central

Equipment Ceiling Fan, Dishwasher, Range/Oven

Laundry Community

Exterior

Parking Features Carport

Garage Spaces 44.0

Pool Fenced, In Ground

Building

Story 2

Level or Stories Two

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Colliers International Greater Los Angel

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Jill Miranda

Agent | License ID: 01413799

+1(619) 248-1431

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19531 E Cienega Ave

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