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$3,288,000
35 Days On Site

19529 E Cypress Street
Covina, CA 91724

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
9,207
SqFt
$357
/SqFt
1984
Built
County:
Los Angeles
Listed by Douglas McCauley of MARCUS & MILLICHAP doug.mccauley@marcusmillichap.com

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19529 E Cypress Street19529 E Cypress Street19529 E Cypress Street19529 E Cypress Street
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THE EXISTING ASSUMABLE LOAN FIXED at 3.07% Until October 2026 We are pleased to exclusively present the opportunity to acquire Cypress Villa, located at 19529 East Cypress Street in unincorporated Los Angeles County, California. Cypress Villa is conveniently located near the signalized intersection of East Cypress Street and Grand Avenue. Constructed in 1984, the 11-unit multifamily investment property is situated on a 16,419 square feet rectangular parcel with a building area of 9,207 square feet. The property consists of eleven two-bedroom/one-bathroom floor plans and features an on-site laundry room, copper plumbing, central water heater, and central air conditioning and heating. For parking, there are eleven tuck-under parking spaces with storage units, six carport parking spaces, and five open space parking spaces (Two parking spaces per unit). The majority of windows have been upgraded with new dual-pane windows. Selected kitchens and bathrooms were recently renovated. All units are individually metered for gas and electricity. Unincorporated Los Angeles County has their own rent control (Buyer to verify). Cypress Villa is ideally situated with easy access to Interstate 210, 10 and CA 57 freeways. With its central location and proximity to Downtown Los Angeles, the city is well served by the Metrolink Covina Station, providing its residents with many alternative ways of traveling to work, dining, shopping, and other amenities. With a very walkable score of 74 out of 100, the apartment building is within walking distance of several outdoor shopping malls with major department and grocery stores including Stater Bros Markets, Dollar Tree, and Vons. In addition, there are multiple private and public schools within a two-mile radius of the subject property such as Cedargrove Elementary School, Sonrise Christrian School, Royal Oak Middle School, and Charter Oak High School, thus attracting valuable long-term tenants. Residents can also enjoy a quick walk to Kahler Russell Park, that offers basketball and tennis courts, sports fields, playground, walking trails and more. Last but not least, the Via Verde Country Club is just a six-minute drive east of the offering. Nestled amongst the rolling Via Verde Hills, this private country club offers a picturesque view of the San Gabriel Mountains and captures the spirit of the community through exceptional golf, outstanding events, a warm atmosphere and panoramic views of Southern California.

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Listing Snapshot
Price 
$3,288,000
Days On Site 
35 Days
Bedrooms 
N/A
Inside Area (SqFt) 
9,207 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.37 Acres
Year Built 
1984
MLS® Number 
CV24217987
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoPrice changed to $3,288,000
2 weeks agoListing updated with changes from the MLS®
a month agoStatus changed to Active
a month agoListing first seen on site
General Features
Acres 
0.37
Number Of Stories 
2
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
9207
Water Source 
Public
Zoning 
LCR3*
Interior Features
Laundry Features 
Common Area
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Exterior Features
Lot Features 
Rectangular Lot
Pool Features 
None
Community Features
Building Access 
Side
Community Features 
Sidewalks
Financing Terms Available 
Cash
MLS Area 
614 - Covina


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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