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19531 E Cienega Ave
Covina, CA 91724 Charter Oak

$6,588,000 USD

Apartments For Sale  •  21,916 SF

Property Details

  • Property Type Apartments
  • Total Building Size 16,191 SF
  • Lot Size 0.94 AC
  • Building Class C
  • Year Built 1988
  • Cap Rate 4.20 %
  • Zoning R3
0 Transit Score
73 Walk Score

Highlights

1988 construction with ideal unit mix of 100% 2-bedroom 2-bathroom units
Majority of the units renovated with over 25% upside on rents
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
Close proximity to supermarkets, restaurants, schools, 210/10 freeways and Covina Metrolink Station

Financial Summary (Actual)

Net Operating Income: $276,872 USD (2023)
Cap Rate: 4.20 %
Total Expenses: $164,538 USD

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)) 4 min - 1.9 mi
Baldwin Park (San Bernardino Line - Southern California Regional Rail Authority (Metrolink)) 10 min - 6.2 mi
AirportDriveWalkDistance
Ontario International 27 min - 19.7 mi
Long Beach (Daugherty Field) 44 min - 33.1 mi
Bob Hope 44 min - 34.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 14
Type: Surface
Included in Rent: Yes
David Lin 213-532-3290 Colliers
David Lin 213-532-3290 Colliers