Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

78

Building size

65,688 sqft

Lot size

146,057 sqft

Year built

1988

Stories

2

Garage spaces

0

Heating

Central

Cooling

Central Air

Pool

Community

View

None

Status

Active

Days on market

0

MLS #

246868508

About this property

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.

Location

19550 E Cienega Avenue

Covina, Los Angeles, CA, 91724