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$ 22,500,000
Est. payment | /mo
5 Beds
4 Baths
3.35 Acres Lot
$ 22,500,000
Est. payment | /mo
5 Beds
4 Baths
3.35 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID WS26194584
Bedrooms 5
Lot Size 3.353 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
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 Bs 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
State CA
County Los Angeles
Zoning Public Rec
Direction E Cienega Ave & Grand Ave
Interior
Cooling Central Forced Air
Fireplace No
Exterior
Pool Community/Common
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 8404021047
Acceptable Financing Cash
Listing Terms Cash
Listed by KEVIN LUTZ, DRE#00925595 Keller Williams Realty/Pasadena
Nearby Locations
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Johnny Fitzmaurice