19531 E Cienega Avenue, Covina
$5,700,000
40 bd · 0 ba · 16,191 sqft · Home · Covina · 112 days on market
Updated May 20, 2026
Key Facts
- Price / SqFt
- $352
- Property Type
- Home
- Year Built
- 1988
- Lot Size
- 40,957 sqft
- Stories
- 2
- Days on Market
- 112
- Listed
- Apr 21, 2026
- MLS #
- 26783895
- Status
- Active
Request a Showing
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.
Highlights
- 40-bedroom, 0-bath home.
- 16,191 square feet of living space.
- Located in Covina.
Price History
| Date | Price | Change |
|---|---|---|
| May 20, 2026 | $5,700,000 | — |
| Listed Apr 21, 2026 | ||
Location
About Covina
- Active Listings
- 188
- Median Price
- $760,000
Estimate a Monthly Payment
Estimated Monthly Payment
$37,225/mo
Includes estimated taxes and insurance at the assumption rates below. HOA dues are not included — enter your community's HOA (varies widely by community, and absent from listing data) for an accurate total.
- Principal & Interest
- $30,338
- Property Tax
- $5,225
- Insurance
- $1,662
- HOAnot included — enter your dues
- $0
Estimate only — not a loan offer or rate quote. Confirm actual figures with a lender.
Get Pre-Approved →Listing courtesy of Colliers International Greater Los Angel
Based on information from California Regional MLS as of 2026-05-21T06:32:46.383Z. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.