270 E Badillo Street, Covina, California 91723
- $3,250,000
- $3,250,000
Overview
- Apartment, Residential Income
- 8673 Sqft
- 1964
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.
Address
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Address: 270 E Badillo Street
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City: Covina
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State/county: CA
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Zip/Postal Code: 91723
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Country: US
Details
Updated on August 29, 2025 at 11:42 pm-
Property ID CV25154872
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Price $3,250,000
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Property Size 8673 Sqft
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Land Area 0.3612 Acres
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Year Built 1964
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash to Existing Loan, Owner Will Carry, Private Financing Available
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Roof Shingle
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Utilities Electricity Available, Natural Gas Available, Sewer Available, Water Available
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Sewer Public Sewer
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Cooling Wall/Window Unit(s)
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County Los Angeles
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Property Type Residential Income
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Pool Fenced, Private
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Parking Attached Carport, Assigned
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Community Features Street Lights, Sidewalks
Mortgage Calculator
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