Listing Broker: Keller Williams Realty/Pasadena
Listing Agent: KEVIN LUTZ
License #: 00925595
626-429-0685
Colisting Agent: KEVIN HURLEY
License #: 01237798
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.
| Listing Id: | WS26194584 |
|---|---|
| Property Type: | Residential Income |
| Status: | Active |
| Tax Annual Amount: | $254,703 |
| Lot Size Acres: | 3.353 |
| Waterfront?: | No |
| Year Built: | 1988 |
| Basement Yn: | No |
| Building Area Units: | SquareFeet |
| Common Walls: | TwoCommonWallsOrMore |
| Cooling: | CentralAir |
| Electric Expense: | $17,640 |
| Entry Level: | 1 |
| Fuel Expense: | 3215.0 |
| Gross Scheduled Income: | $1,859,508 |
| Heating: | Central |
| Levels: | Two |
| Licenses Expense: | $7,020 |
| Listing Contract Date: | 2026-09-08 |
| Lot Features: | StreetLevel |
| Lot Size Area: | 146057.0 |
| Lot Size Source: | PublicRecords |
| Maintenance Expense: | $97,500 |
| Net Operating Income: | $1,100,234 |
| New Taxes Expense: | $254,703 |
| Number Of Separate Electric Meters: | 78 |
| Number Of Separate Water Meters: | 1 |
| Number Of Units Leased: | 78 |
| Pest Control Expense: | $6,000 |
| Pool Expense: | $6,000 |
| Property Attached?: | Yes |
| Rent Control?: | Yes |
| Spa Features: | Community |
| State Or Province: | CA |
| Stories: | 2 |
| Total Actual Rent: | $152,959 |
| Trash Expense: | $43,678 |
| View: | None |
| Water Source: | Public |
| Property Sub Type Additional: | Apartment |
| Country Subdivision: | 06037 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:06037:8404021047 |
| List Price: | $22,500,000 |
|---|---|
| Property Sub Type: | Apartment |
| Association Fee: | $0 |
| Lot Size Square Feet: | 146,057.0 |
| City: | Covina |
| County Or Parish: | Los Angeles |
| Postal Code: | 91724 |
| Number Of Units Total: | 78 |
| Building Area Total: | 65688.0 |
| Common Interest: | CommunityApartment |
| Community Features: | Curbs, Pool |
| Cooling?: | Yes |
| Directions: | E Cienega Ave & Grand Ave |
| Elevation Units: | Feet |
| Entry Location: | front |
| Garage Spaces: | 0.0 |
| Gardener Expense: | $10,800 |
| Gross Income: | $1,803,723 |
| Heating?: | Yes |
| Insurance Expense: | $40,215 |
| Laundry Features: | CommonArea |
| Listing Agreement: | ExclusiveRightToSell |
| Listing Terms: | Cash, CashToNewLoan |
| Lot Size Acres: | 3.353 |
| Lot Size Units: | SquareFeet |
| MLS Area Major: | 614 - Covina |
| Number Of Buildings: | 1 |
| Number Of Separate Gas Meters: | 0 |
| Open Parking Spaces: | 62.0 |
| Operating Expense: | $703,489 |
| Original List Price: | $22,500,000 |
| Other Expense: | $38,400 |
| Parcel Number: | 8404021047 |
| Parking Total: | 177 |
| Pool Features: | Community |
| Postal City: | COVINA |
| Professional Management Expense: | $114,149 |
| Sewer: | PublicSewer |
| Spa?: | Yes |
| Special Listing Conditions: | Standard |
| Stories Total: | 2 |
| Vacancy Allowance: | 55785 |
| Water Sewer Expense: | $61,792 |
| Year Built Source: | PublicRecords |
| Current Price: | $22,500,000.00 |
| Record Signature: | 1,227,054,969 |
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Based on information from California Regional Multiple Listing Service, Inc. as of October 08, 2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
California Regional Multiple Listing Service, Inc. data last updated on October 08, 2026 01:46 PM - PT
Property Last Updated: October 08, 2026 01:46 PM - PT
