270 E Badillo St Covina, CA 91723
Estimated payment $20,924/month
Highlights
- Private Pool
- 0.36 Acre Lot
- Cooling System Mounted To A Wall/Window
- South Hills High School Rated A-
- No HOA
- Laundry Room
About This Home
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.
Listing Agent
RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 07/10/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1964
Lot Details
- 0.36 Acre Lot
- Two or More Common Walls
- Block Wall Fence
- Density is up to 1 Unit/Acre
Home Design
- Apartment
- Shingle Roof
Interior Spaces
- 8,673 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Parking
- 6 Open Parking Spaces
- 20 Parking Spaces
- 14 Attached Carport Spaces
- Parking Available
- Assigned Parking
Pool
- Private Pool
- Fence Around Pool
Additional Features
- Exterior Lighting
- Cooling System Mounted To A Wall/Window
Listing and Financial Details
- Legal Lot and Block 1 / 8445
- Tax Tract Number 11
- Assessor Parcel Number 8445011001
- $4,688 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 12 Units
Amenities
- Laundry Facilities
Building Details
- 12 Leased Units
- Rent Control
- 12 Separate Electric Meters
- 12 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $780
- Fuel Expense $1,800
- Gardener Expense $600
- Insurance Expense $12,000
- Maintenance Expense $9,000
- Pool Expense $1,680
- Trash Expense $4,932
- Water Sewer Expense $3,120
- New Taxes Expense $38,075
- Operating Expense $74,387
- Gross Income $22,140
- Net Operating Income $186,814
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2025 08/04/25 | Pending | -- | -- | -- |
| 07/10/2025 07/10/25 | For Sale | $3,250,000 | -- | $375 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV25154872
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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