CA > Covina
Covina, CA 91724,19531 E Cienega Avenue
Covina, CA 91724,19531 E Cienega Avenue
Covina, CA 91724,19531 E Cienega Avenue
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Danielle Broad

Danielle Broad

+1(925) 383-9200
$6,298,000
Est. payment /mo
16,191 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 16,191 sqft

Price per Sqft $388

MLS Listing ID CL25564631

HOA Y/N No

Year Built 1988

Lot Size 0.940 Acres

Acres 0.94

Property Sub-Type Other

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

Location

State CA

County Los Angeles

Zoning LCA1

Interior

Heating Other

Cooling Central Air

Fireplace No

Laundry Common Area

Building

New Construction No

Others

Tax ID 8404002038

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Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Edward Pan • Colliers International Greater Los Angel
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+1(925) 383-9200

smiles4dee@gmail.com

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