Active

19531 E Cienega Avenue

Covina, CA 91724

$5,700,000 $24,031/Mo

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Overview

Bed

Bath

16,191

Sqft

40,957

Sqft(Lot)

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.

Property Details

Property Type : Residential Income

Price : $5,700,000

AD Id : 77663759

MLS Id : 26783895

Beds : 40

Lot Size : 40,957 Sqft

Living Area Size : 16,191

Year Built : 1988

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 40

Bathroom Information

Total Baths: 40 Full Baths: 0 Half Baths: 0
Interior Features

Interior Features: Ceiling Fan(s) Property Appliances: Dishwasher
Cooling Features

Central Air Air Conditioning

Heating Source

Central Has Heating

Building Information

Year Built: 1988 Building Area Total: 16,191
Security Features

Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)
Pool Features

Fenced,In Ground

Laundry Features

Common Area

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.9402 Lot Size Dimensions: 161x260
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 40957

Listing Price Information

Original List Price: 5,700,000 Listing Contract Date: 2026-04-22
Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 8404002038

Garage and Parking

Garage Description: Carport

Homeowners Association
Rental Info

Lease Term: Negotiable Tenant Pays: Electricity,Gas

Other Property Info

Source Listing Status: Active Source Neighborhood: 614 - Covina Directions: North side of E Cienega Ave near Grand Ave Zoning: LCA17500* Source Property Type: Residential Income Area: 614 - Covina
Building and Construction

Property Age: 38 Property Condition: Updated/Remodeled Year Built Source: Vendor Enhanced Total Square Feet Living: 16191 Levels or Stories: Two Building Total Stories: 2

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
21210 Arriw Hwy # 48, Covina, CA, 91724	$139,000	2	2	960	960 SqFt
21310 E Covina Boulevar.., Covina, CA, 91724	$159,000	2	--	672	672 SqFt
21210 Arrow Highway #36, Covina, CA, 91724	$225,000	3	2	1,176	1,176 SqFt
5035 N Burnaby, Covina, CA, 91724	$838,800	3	1	1,350	1,350 SqFt
21127 E Cypress Street, Covina, CA, 91724	$839,000	4	1	1,480	1,480 SqFt
21166 E Rimpath Drive, Covina, CA, 91724	$1,399,000	3	1	3,035	3,035 SqFt
5141 N Lyman, Covina, CA, 91724	$998,000	6	4	2,400	2,400 SqFt
5030 N Lyman Avenue, Covina, CA, 91724	$849,000	5	2	1,672	1,672 SqFt
4305 N Sunflower Avenue, Covina, CA, 91724	$2,699,000	7	6	6,804	6,804 SqFt
4215 N Sunflower, Covina, CA, 91724	$1,499,000	3	2	2,400	2,400 SqFt

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ByOwner last updated this listing 06/16/2026 @ 02:40

MLS: 26783895 LISTED BY: Edward Pan, Colliers International Greater Los Angel 949-724-5500 SOURCE: CRMLS