Mohr Real Estate Group

Mohr Real Estate Group

19550 E Cienega AV Covina CA 91724 | MLS #WS26194584

19550 E Cienega AV
Covina, CA, 91724
$22,500,000
Beds
0 Baths
0 SqFt
3.35 Acres
Add
Add
$22,500,000
19550 E Cienega AV
Covina, CA, 91724
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Property 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 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.

Property Details

Price:
$22,500,000
MLS #:
WS26194584
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
614covina
Listed Date:
Sep 8, 2026
Total Sq Ft:
65,688
Lot Size:
146,057 sqft / 3.35 acres (approx)
Year Built:
1988
614 – Covina614covinaNone

Schools

Interior

Cooling
CA
Heating
CF
Laundry Features
AR
Levels
U

Exterior

Common Walls
_2CW
Community Features
CRB
Parking Spots
177
Parking Total
177
Spa Features
COM
View
NO

Financial

Gross Operating Income
$1,803,723
Maintenance Fee
$97,500
Net Operating Income
$1,100,234
Taxes
$254,703
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19550 E Cienega AV
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