Covina CA Multi Family for Sale
$3,025,000
19529 Cypress Street Covina, CA 91724
- Type:
- Apartment
- Sq.Ft.:
- 9,207
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.37 Acres
- Year built:
- 1984
- Baths:
- MLS#:
- CV24217987
ADDITIONAL INFORMATION
THE EXISTING ASSUMABLE LOAN FIXED at 3.07% Until October 2026 We are pleased to exclusively present the opportunity to acquire Cypress Villa, located at 19529 East Cypress Street in unincorporated Los Angeles County, California. Cypress Villa is conveniently located near the signalized intersection of East Cypress Street and Grand Avenue. Constructed in 1984, the 11-unit multifamily investment property is situated on a 16,419 square feet rectangular parcel with a building area of 9,207 square feet. The property consists of eleven two-bedroom/one-bathroom floor plans and features an on-site laundry room, copper plumbing, central water heater, and central air conditioning and heating. For parking, there are eleven tuck-under parking spaces with storage units, six carport parking spaces, and five open space parking spaces (Two parking spaces per unit). The majority of windows have been upgraded with new dual-pane windows. Selected kitchens and bathrooms were recently renovated. All units are individually metered for gas and electricity. Unincorporated Los Angeles County has their own rent control (Buyer to verify). Cypress Villa is ideally situated with easy access to Interstate 210, 10 and CA 57 freeways. With its central location and proximity to Downtown Los Angeles, the city is well served by the Metrolink Covina Station, providing its residents with many alternative ways of traveling to work, dining, shopping, and other amenities. With a very walkable score of 74 out of 100, the apartment building is within walking distance of several outdoor shopping malls with major department and grocery stores including Stater Bros Markets, Dollar Tree, and Vons. In addition, there are multiple private and public schools within a two-mile radius of the subject property such as Cedargrove Elementary School, Sonrise Christrian School, Royal Oak Middle School, and Charter Oak High School, thus attracting valuable long-term tenants. Residents can also enjoy a quick walk to Kahler Russell Park, that offers basketball and tennis courts, sports fields, playground, walking trails and more. Last but not least, the Via Verde Country Club is just a six-minute drive east of the offering. Nestled amongst the rolling Via Verde Hills, this private country club offers a picturesque view of the San Gabriel Mountains and captures the spirit of the community through exceptional golf, outstanding events, a warm atmosphere and panoramic views of Southern California.
- Type:
- Duplex
- Sq.Ft.:
- 2,179
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.23 Acres
- Year built:
- 1955
- Baths:
- MLS#:
- WS24203680
ADDITIONAL INFORMATION
Great large lot with two houses, 9951 sq ft. Perfect for those looking for a residential income or large families that want to live together on the property. Front house has 2 bedrooms and 1 bath, and the back house has 3 bedrooms and 2 bath. Property has a long driveway leading to the carport in the back able to fit four cars, and many more along the driveway. Also has a metal gate to keep the house private. House conveniently located near the major streets, Arrow Hwy and Grand Ave.
$6,588,000
19531 E Cienega Avenue Covina, CA 91724
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.94 Acres
- Year built:
- 1988
- Baths:
- MLS#:
- CL24433699
View additional info
Courtesy: Colliers International Greater Los Angel
ADDITIONAL INFORMATION
Price improvement motivated seller bring all offers. 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. Offered on the market for the first time in over 20 years, the majority of the units have been renovated by the owner. Current rents are significantly below market, providing over 25% upside on rents. Additionally, there is potential for extra rental income by adding accessory dwelling units (ADU), 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 located in close pro
Covina Real Estate
The median home value in Covina, CA is $667,900. This is lower than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Covina, CA is $667,900. Approximately 55.56% of Covina homes are owned, compared to 40.91% rented, while 3.53% are vacant. Covina real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Covina real estate agent to arrange a tour today!
Covina, California 91724 has a population of 51,061. Covina 91724 is more family-centric than the surrounding county with 31.11% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Covina, California 91724 is $81,570. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Covina 91724 is 37.6 years.
Covina Weather
The average high temperature in July is 87.9 degrees, with an average low temperature in January of 43.8 degrees. The average rainfall is approximately 18.3 inches per year, with 0 inches of snow per year.