10
See all 10 photos
$3,250,000
Est. payment /mo
3 Beds
2 Baths
New
270 E Badillo Street Covina, CA 91723
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25154872
Bedrooms 3
Lot Dimensions 001
Property Sub-Type Res Income 2-4 Units
Property 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.
Location
State CA
County Los Angeles
Zoning Assessor
Direction South of San Bernardino Rd. East of Citrus Ave
Interior
Cooling Wall/Window
Fireplace No
Exterior
Pool Private
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 8445011001
Listed by Kristopher German RE/MAX 2000 REALTY