19531 Cienega Ave Covina, CA 91724-1011
Property profile & analytics
19531 Cienega Ave Covina, CA 91724-1011
- Apartment buildings
- 16,191 SF
- 0.94 lot acres
Property ID
US09-7598675
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Mohamed Dowaidari / Dental Office
Property Details for 19531 Cienega Ave
- Year built
- 1988
- Construction
- WOOD
- Lot size
- 0.94 lot acres
- Property size
- 16,191 SF
- Zone code
- LCA17500*
- Property type
- Apartment buildings
- APN
- 8404-002-038
- APU
- 8404002038
Description
This exceptional 20-unit apartment building presents a compelling investment opportunity in Covina, CA. Built in 1988, the property encompasses 16,191 square feet on a 0.94-acre lot, featuring all two-bedroom, two-bathroom units. The property boasts a 100% occupancy rate, generating a current NOI of $276,871 and a pro-forma NOI of $381,785, representing a 4.20% cap rate and a pro-forma cap rate of 5.80%. The asking price is $6,588,000, or $329,400 per unit, and $406.89 per square foot. Residents enjoy amenities such as an on-site laundry facility, a swimming pool, and secure gated entries. Ample parking is available with carports and uncovered spaces. The majority of units have been renovated, and current rents are significantly below market value, offering substantial upside potential. The property's location provides convenient access to major freeways (210 and 10), the Covina Metrolink Station, supermarkets, restaurants, schools, and other retail amenities. The large lot also presents the possibility of adding accessory dwelling units (ADUs), subject to buyer verification. This fee-simple ownership opportunity offers a strong hedge against inflation in a thriving market. The property's location in Los Angeles County, with APN 8404-002-038, and its strong cash flow potential make it an attractive investment. The property is offered for sale for the first time in over 20 years.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Covina
- County
- Los Angeles
- State
- California
- Longitude
- -117.871
- Latitude
- 34.1035
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$31,863
$1,181,838
$1,154,969
$2,336,807
-
$0.00
$0.00
$0.00
