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Millman Team Real Estate

$22,500,000
3.35 Acre Lot

19550 E Cienega Avenue, Covina, California 91724

  • Residential Income Property Type
  • 1988 Year Built
Property Description

Villa Christina Apartments is a well-maintained, resort-style 78-unit multifamily community located in the Charter Oak neighborhood of Covina, in unincorporated Los Angeles County. Family owned and operated for 37 years, the property consists of four two-story buildings situated on 3.35 acres and offers a highly desirable mix of 49 two-bedroom/two-bath units and 29 three-bedroom/two-bath units. The community features a gated pool and spa, barbecue areas, ample on-site parking with 177 spaces, and a property-owned laundry facility. Approximately 68% of the units have received full interior upgrades,, or kitchen upgrades only, including stone countertops, custom cabinetry, and full appliance packages. Recent capital improvements include a comprehensive pool and spa renovation completed in 2024 and the replacement of Building B’s roof in 2026. The property is subject to the LA County Rent Stabilization Ordinance. There is the potential to add ADU’s, buyer to further evaluate. Villa Christina presents a compelling value-add opportunity with 38% upside in current rents. Villa Christina offers a buyer a stabilized multifamily platform in the Charter Oak neighborhood of Covina with clear mark-to-market upside and long-term hold fundamentals.

Basic Details
Residential Income
For Sale
WS26194584
$22,500,000
None
1988
3.35 Acre
Active
1
Apartment
Features
: Community
: Central
: Central Air
: Common Area
: Public Sewer
$0
Address Map
CA
Los Angeles
Covina
91724
Cienega
19550
Avenue
W118° 7' 44.7''
N34° 6' 8.5''
E Cienega Ave & Grand Ave
614 - Covina
E
Additional Information
$0
$0
$0
$0
$0
65688
: Curbs, Pool
1
: Two
: Street Level
78
2026-09-08
2
2
: Public
Broker/Agent Information
Keller Williams Realty/Pasadena
KEVIN LUTZ
Financial
254703.0
Listing Information
KEVIN HURLEY
WS77493
20277
Keller Williams Realty/Pasadena
W76708
20277
Cash, Cash to New Loan
Active
2026-09-13T17:49:38Z
CRMLS
: Standard
2026-09-08T15:21:55Z
Agent info
Jon Millman
21250 Hawthorne Blvd, Suite 750, Torrance, CA 90503
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