$22,500,000 Sale

Listed 34 days ago

19550 E Cienega Avenue

MLS® ws26194584 Apartment

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Beds · 0

Baths · 0

Parking · 177

Sqft · -

Est. mortgage

$107,919/mo

Property Taxes

$254,703/yr

Association Fee

$0.00/mo

Key Facts

Key facts for 19550 E Cienega Avenue

Property Type

Apartment

Parking

0 garage, 177 parking

MLS #

WS26194584

Size

Basement

Listed on

Lot size

Tax

$254,703 /yr

Days on Market

Year Built

1988

Maintenance Fee

$ 0/mo

Description

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 of...fers 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., Directions:E Cienega Ave & Grand Ave

Full Property Details

Interior

Washrooms

Heating

Central

Heating Source

Central

Heating Type

Central

Air Conditioning

Yes

Cooling

CentralAir

Washrooms

Heating

Central

Heating Source

Central

Heating Type

Central

Air Conditioning

Yes

Cooling

CentralAir

Exterior

Front

146057.00

Acreage

3.35

Lot Size

146057.00 acres

View

None

Pool

Parking Spaces

177

Total Parking Spaces

Garage Spaces

Front

146057.00

Acreage

3.35

Lot Size

146057.00 acres

View

None

Pool

Parking Spaces

177

Total Parking Spaces

Garage Spaces

Building Description

Property Type

Residential Income

Home Type

Apartment

Subtype

Apartment

Year Built

1988

Sewers

PublicSewer

Water Supply

Public

StoriesTotal

New Construction

Property Type

Residential Income

Home Type

Apartment

Subtype

Apartment

Year Built

1988

Sewers

PublicSewer

Water Supply

Public

StoriesTotal

New Construction

Community

County

Los Angeles

Area Code

614 - Covina

Features

Curbs,Pool

County

Los Angeles

Area Code

614 - Covina

Features

Curbs,Pool

Taxes & Fees

Taxes

$254,703 /yr

Financing Terms

Cash,CashToNewLoan

HOA Fee

$0.00 /mo

Taxes

$254,703 /yr

Financing Terms

Cash,CashToNewLoan

HOA Fee

$0.00 /mo

Other

Directions

E Cienega Ave & Grand Ave

Pets

Unspecified

Directions

E Cienega Ave & Grand Ave

Pets

Unspecified

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Eddie Barrera

Email: [email protected] Cell: 626-816-7166