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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$22,500,000

Est. payment - /mo

3.35 Acres Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS26194584

HOA Y/N No

Year Built 1988

Annual Tax Amount $254,703

Lot Size 3.353 Acres

Property Sub-Type Apartment

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 B's 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

Area 614 - Covina

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Common Area

Exterior

Pool Community

Community Features Curbs, Pool

View Y/N No

View None

Total Parking Spaces 177

Private Pool No

Building

Lot Description Street Level

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8404021047

Energy Description 3215.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by KEVIN LUTZ Keller Williams Realty/Pasadena 626-429-0685, DRE #00925595

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19550 E Cienega AVE Covina, CA 91724