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.

Facts and features

Schools

• Cedargrove Elementary School

  elementary · K-6 · 0.4 mi

  5

• Charter Oak High School

  high · 9-12 · 0.7 mi

  7

• Royal Oak Middle School

  middle · 7-8 · 1.4 mi

  8

• Cumorah Academy

  elementary · K-1 · 0.0 mi

• Live Oak Canyon School

  elementary · 1-12 · 0.4 mi

• American Future Learning Center

  elementary · K-5 · 0.6 mi

Price history

• May 21, 2026 · Price Changed$5,700,000
• Apr 23, 2026 · Listed$5,998,000
• Jan 13, 2026 · Listing Removed—
• Jul 13, 2025 · Listed$6,298,000
• Dec 21, 2024 · Listing Removed—
• Sep 25, 2024 · Price Changed$6,588,000
• Aug 30, 2024 · Listed$6,799,500
• Jun 1, 2001 · Sold$1,580,000

Tax history

• 2025$34,443 tax · $2,428,423 assessed
• 2024$31,863 tax · $2,380,808 assessed
• 2023$29,828 tax · $2,288,361 assessed
• 2022$29,469 tax · $2,243,493 assessed
• 2021$28,986 tax · $2,199,504 assessed
• 2020$28,678 tax · $2,176,952 assessed
• 2019$28,395 tax · $2,134,268 assessed
• 2018$26,994 tax · $2,092,420 assessed

Home value

$5,972,629

• Quantarium$5,972,629

Where it is