USACACovina19531 E Cienega Ave
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19531 E Cienega Ave, Covina, CA

House

For Sale

Listed price in listed location currency (USD).
$5,998,000

404044

MLS® 26783895

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 16191 sqft
Garage 
Taxes 
Days Active 0
Lot Size 
Approx. Age 1988
Avg. Price Per Sqft $370
MLS® Number 26783895

Property Address: 19531 E Cienega Ave, Covina, CA, 91724-1011

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number26783895
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1988
Basement
DrivewayCarport
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 23, 2026List Date
$5,998,000List Price
  • Commute

Commute

Starting Address
Destination Address
19531 E Cienega Ave, Covina, CA

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