19531 E Cienega Avenue, Covina, CA 91724

• 16,191 sqft

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

Listing Status:

Active

Date Added:

July 12, 2025 at 05:00AM

Listing Office:

Colliers International Greater Los Angel : 949-724-5500

Listing Agent:

Edward Pan : 213-532-3290

MLS ID:

CL25564631

Interior

• Laundry: Common Area
• A/C: Central Air
• Heating: Other

Exterior

• Parking: Other

Location

• County: Los Angeles

Lot

• Zoning: LCA18404002038

This listing courtesy of Edward Pan, Colliers International Greater Los Angel