$22,500,000
 $120,785 est/mo Sourced by Back At You

19550 E Cienega Avenue,Covina, CA 91724

Covina, CA 91724

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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.

Details

MLS #WS26194584
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1988
Days On Site67
Listing Provided ByKeller Williams Realty/Pasadena | KEVIN LUTZ

Features

SQ Feet65,688
Story(s)2
Units78
Building(s)1
Acreage3.35
Property ViewNone

Interior

CoolingCentral Air
HeatingCentral
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

Lot FeaturesStreet Level

Parking

Garage Yes / NoNo

Utilities

SewerPublic Sewer

Location

Community FeaturesCurbs, Pool

Taxes

Property254703

Area Information

StateCA
CountyLos Angeles
CityCovina
Zip Code91724
Area614 Covina
Listing VS Median (in 91724)
Price:
$22,500,000
low | high
Med:
$795,000
100% of Average
sqft:
65,688
low | high
Med:
1,732
100% of Average
$ / sqft:
$343
low | high
Med:
$459
15.994457274827% of Average
On site:
67
low | high
Med:
121
55.371900826446% of Average
Sourced by Back At You

Market Activity 91724

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Additional Information

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Learn More About This Property

Bruce Hatrak

Bruce Hatrak

Desert Lifestyle Properties

02054055 (760) 516-1741bmhatrak@gmail.com
StateCA
CountyLos Angeles
CityCovina
Zip Code91724
Area614 Covina
Listing VS Median (in 91724)
Price:
$22,500,000
low | high
Med:
$795,000
100% of Average
sqft:
65,688
low | high
Med:
1,732
100% of Average
$ / sqft:
$343
low | high
Med:
$459
15.994457274827% of Average
On site:
67
low | high
Med:
121
55.371900826446% of Average
Sourced by Back At You
Listing Updated: September 28, 2026 at 8:48:33 PM PDT