NOT LISTED FOR SALE

1838 E Badillo St West Covina, CA 91791

3 Beds
2 Baths
15,050 Sq Ft
0.61 Acres

Last Sold December 01, 2017

Last sale price $4,600,000 $306 Per Sq Ft

7 Days on Market

Highlights

  • In Ground Pool
  • Neighborhood Views
  • Landscaped
  • Fireplace in Bathroom
  • Laundry Room
  • Wall Furnace

About This Home

As of December 2017

1838 East Badillo Street is a +/-15,050 SF multi-family property ideally located in West Covina, in Los Angeles County. Built in 1961, the two-level twenty (20) unit property features (9) x 2 bedroom / 1 bath apartments and (11) x 1 bedroom / 1 bath apartments on approximately +/-26,737 SF parcel of land. Each unit comes with wall A/Cs, wall heater, stove and ceiling fans. The property has undergone major renovation which makes it easy to operate due to no known deferred maintenance. 25 parking spaces are available in the rear of the property, with 20 carport spaces and 5 open spaces. Additional street parking is also available. Subject property is ideally located just minutes north of the 10 Freeway, via Azusa Avenue, a major thoroughfare through the city. The subject property is within minutes to many amenities such as parks, schools, library, shopping centers, and public transportation.

Last Agent to Sell the Property

Matthew Sullivan

Lee & Associates Investment Se License #00848427 Listed on: 10/05/2017

Co-Listed By

Joe Cooper

Keller Williams Pasadena Mrkt License #01320599

Last Buyer's Agent

Matthew Sullivan

Lee & Associates Investment Se License #00848427 Listed on: 10/05/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.61 Acre Lot
  • Two or More Common Walls
  • Landscaped
  • Density is up to 1 Unit/Acre

Parking

  • 25 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Apartment

Interior Spaces

  • 15,050 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Electric Cooktop
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Laundry Located Outside

Pool

  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Additional Features

  • Suburban Location
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity
  • Tax Lot 3,4
  • Tax Tract Number 23537
  • Assessor Parcel Number 8443001024

Community Details

Overview

  • 4 Buildings
  • 20 Units

Recreation

  • Community Pool

Building Details

  • 20 Separate Electric Meters
  • 20 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $3,000
  • Fuel Expense $3,000
  • Gardener Expense $2,270
  • Insurance Expense $4,592
  • Maintenance Expense $12,000
  • Pest Control $1,374
  • Pool Expense $3,026
  • Professional Management Expense $21,345
  • Trash Expense $3,000
  • Water Sewer Expense $3,521
  • New Taxes Expense $63,527
  • Operating Expense $121,476
  • Gross Income $308,618
  • Net Operating Income $187,142

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

25

Listing Details

  • CapRate: 4.10
  • Professional Management Expense: 21345.00
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Water Sewer Expenses: 3521.00
  • Zoning: WCR3-MF20*
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 2270.00
  • Parcel Number: 8443001024
  • Year Built: 1961
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Fireplace Features: Bath, Dining Room, Kitchen, Living Room, Gas
  • Levels: Two
  • Price Per Square Foot: 305.65

Exterior Features

  • View: Neighborhood
  • Fence: No
  • Pool Expense: 3026.00
  • Pool Features: Community, In Ground, Fenced
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 25.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 25.00

Utilities

  • Utilities: Electricity Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Cooktop, Gas Oven
  • Heating Type: Wall Furnace
  • Laundry Features: Outside
  • Pest Control Expense: 1374.00
  • Sewer: Public Sewer
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Landscaped
  • Lot Size Sq Ft: 26540.00

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Electric Expense: 3000.00
  • Fuel Expense: 3000.00
  • Gross Income: 308618.00
  • Gross Multiplier: 14.61
  • Gross Scheduled Income: 310116.00
  • Insurance Expense: 4592.00
  • Laundry Income: 4800.00
  • Maintenance Expense: 12000.00
  • Net Operating Income: 187142.00
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 20
  • Operating Expense: 121476.00
  • Rent Control: No
  • Total Expenses: 121476.00
  • Vacancy Allowance: 6298
  • Vacancy Allowance Rate: 2.00

Tax Info

  • New Taxes Expense: 63527.00
  • Tax Census Tract: 4062.00
  • Tax Lot: 3,4
  • Tax Tract Number: 23537

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/01/2017 12/01/17 Sold $4,600,000 0.0% $306 / Sq Ft
10/05/2017 10/05/17 For Sale $4,600,000 +35.3% $306 / Sq Ft
04/21/2015 04/21/15 Sold $3,400,000 -8.1% $226 / Sq Ft View Prior Sale
03/06/2015 03/06/15 Pending -- -- --
03/04/2015 03/04/15 For Sale $3,700,000 -- $246 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR17229817

California Regional Multiple Listing Service (CRMLS)