19531 E Cienega Avenue, Covina, CA 91724
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
19531 E Cienega Avenue,Covina, CA 91724
$6,298,000
- 40 Beds
- 40 Baths
- 16,191 sq. ft.
- Multi-family
- Active
Listed by: edward pan
Office: colliers international greater los angel
MLS#:25564631
Source:CRMLS
Price summary
- Price:$6,298,000
- Price per sq. ft.:$388.98
About this home
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.
Contact an agent
Home facts
- Year built:1988
- Listing ID #:25564631
- Added:125 day(s) ago
- Updated:November 15, 2025 at 03:20 PM
Rooms and interior
- Bedrooms:40
- Total bathrooms:40
- Living area:16,191 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central Furnace
Structure and exterior
- Year built:1988
- Building area:16,191 sq. ft.
- Lot area:0.94 Acres
Finances and disclosures
- Price:$6,298,000
- Price per sq. ft.:$388.98
New listings near 19531 E Cienega Avenue
- New
$798,000Active3 beds 2 baths1,637 sq. ft.1391 N Fenimore, Covina, CA 91722
MLS# AR25260984Listed by: COMPASS - New
$699,000Active3 beds 2 baths1,612 sq. ft.18042 E Tudor, Covina, CA 91722
MLS# CV25261057Listed by: LANA HANDJOJO, BROKER - New
$725,000Active3 beds 3 baths1,603 sq. ft.125 Dove Lndg, Covina, CA 91722
MLS# IG25260747Listed by: ROA CALIFORNIA INC. - New
$850,000Active3 beds 2 baths1,229 sq. ft.19837 E Cienega, Covina, CA 91724
MLS# CROC25259538Listed by: FIRST TEAM REAL ESTATE - New
$780,000Active3 beds 2 baths1,230 sq. ft.5038 N Greer Avenue, Covina, CA 91724
MLS# CRWS25260049Listed by: SAFCO REALTY - New
$869,800Active4 beds 2 baths1,557 sq. ft.423 N Greer, Covina, CA 91724
MLS# CRCV25257739Listed by: KELLER WILLIAMS REALTY COLLEGE PARK - New
$850,000Active4 beds 2 baths1,480 sq. ft.21127 E Cypress Street, Covina, CA 91724
MLS# AR25258480Listed by: PINNACLE REAL ESTATE GROUP - New
$105,000Active1 beds 1 baths900 sq. ft.19548 E Cypress Street #17, Covina, CA 91724
MLS# CV25256881Listed by: CENTURY 21 AFFILIATED - New
$189,000Active2 beds 1 baths800 sq. ft.1324 N Citrus Avenue #12, Covina, CA 91722
MLS# CRDW25256567Listed by: REAL ESTATE EXECUTIVES SECURE PROPERTIES - Open Sun, 1 to 4pmNew
$828,000Active3 beds 2 baths1,248 sq. ft.1235 W San Bernardino, Covina, CA 91722
MLS# AR25255957Listed by: TREELINE REALTY & INVESTMENT