270 Badillo Street, Covina, CA 91723
  • MLS#: CV25154872 ( Apartment )
  • Street Address: 270 Badillo Street
  • Viewed: 1
  • Price: $3,250,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1964
  • Bldg sqft: 0
  • Days On Market: 11
  • Additional Information
  • County: LOS ANGELES
  • City: Covina
  • Zipcode: 91723
  • Provided by: RE/MAX 2000 REALTY
  • Contact: Kristopher Kristopher
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Seller Financing Available! Just listed in the highly desirable city of Covina, this 12 unit multi family investment presents an outstanding opportunity with a REAL 6.3% cash on cash return. Featuring a strong unit mix of 1 LARGE 2 Bedroom/2 Bath unit, and 11 well maintained 1 Bedroom/1 Bath units, the property spans 8,673 rentable square feet on a 15,733 square foot lot. Current financials boast a 5.75% CAP Rate and a 12 GRM, making this a solid performer from day one. Tenants enjoy desirable amenities including covered parking, a sparkling gated pool, and onsite laundry facilities, contributing to high tenant retention. The property offers 20 total parking spaces and most units feature updated interiors, reflecting pride of ownership throughout. Located near Downtown Covina, with easy access to restaurants, major retailers, and public transportation, the property is perfectly situated in a high demand rental corridor. For qualified buyers, seller financing is available with just 30% down, 5.5% interest only payments, and due and payable in 5 years, offering a rare opportunity to acquire a stabilized asset with attractive financing terms.
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Features
Assessments
  1. None
Association Fee
  1. 0.00
Building Area Total
  1. 8673.00
Carport Spaces
  1. 14.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Cooling
  1. Wall/Window Unit(s)
Country
  1. US
Current Financing
  1. None
Electric Expense
  1. 780.00
Fencing
  1. Block
Fireplace Features
  1. None
Fuel Expense
  1. 1800.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 600.00
Insurance Expense
  1. 12000.00
Laundry Features
  1. Common Area
Laundry Income
  1. 3600.00
Levels
  1. One
  2. Two
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
Netoperatingincome
  1. 186814.00
Newtaxesexpense
  1. 38075.00
Number Of Separate Electric Meters
  1. 12
Number Of Separate Gas Meters
  1. 12
Parcel Number
  1. 8445011001
Parking Features
  1. Assigned
  2. Attached Carport
Pool Expense
  1. 1680.00
Pool Features
  1. Private
  2. Fenced
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Road Frontage Type
  1. Access Road
Road Surface Type
  1. Paved
Roof
  1. Shingle
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 442725841:CRM
Spa Features
  1. None
Taxblock
  1. 8445
Tenant Pays
  1. Electricity
  2. Gas
Totalactualrent
  1. 22140.00
Totalexpenses
  1. 74387.00
Trash Expense
  1. 4932.00
Uncovered Spaces
  1. 6.00
Utilities
  1. Electricity Available
  2. Natural Gas Available
  3. Sewer Available
  4. Water Available
Vacancyallowance
  1. 8078
View
  1. None
Water Sewer Expense
  1. 3120.00
Water Source
  1. Public
Year Built
  1. 1964
Year Built Source
  1. Assessor
Zoning
  1. CVTC-P*