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19531 E Cienega Ave
Covina, CA 91724 Charter Oak

$5,700,000 USD

Apartments For Sale  •  21,916 SF

Property Details

  • Property Type Apartments
  • Total Building Size 21,916 SF
  • Lot Size 0.94 AC
  • Building Class C
  • Year Built 1988
  • Cap Rate 5.44 %
  • Zoning R3
30 Transit Score
60 Walk Score

Highlights

$500,000 Price Reduction - Now Offered at $5,700,000 | $285K/Unit
5.44% Current CAP with Upside to 7.52% Pro Forma CAP
1988 construction with ideal unit mix of 100% 2-bedroom 2-bathroom units
Amenities include on-site laundry facility, swimming pool and secure gated entries
Ample carports and uncovered parking spaces on large 0.94 AC lot
Potential for adding accessory dwelling units (ADUs), subject to verification

Property Flyers

Cap Rate: 5.44 %

Major Tenants

Tenant SF Occupied Lease End Date
Cienega Avenue Apartments
Salem Communications Co

Amenities

  • Air Conditioning
  • Dishwasher
  • Laundry Facilities
  • Gated
  • Heating
  • Kitchen
  • Range
  • Patio

Public Transportation

Commuter RailDriveWalkDistance
Covina (San Bernardino Line - Southern California Regional Rail Authority (Metrolink)) 5 min - 1.9 mi
Baldwin Park (San Bernardino Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 6.2 mi
AirportDriveWalkDistance
Ontario International 27 min - 19.7 mi
Long Beach (Daugherty Field) 45 min - 33.1 mi
Bob Hope 45 min - 34.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 14
Type: Surface
Included in Rent: Yes
David Lin 626-257-8502 Colliers
David Lin 626-257-8502 Colliers