Seller's Agent in 2015
Eric Chen
CB RICHARD ELLIS
(909) 418-2030
61 Total Sales
417 E Badillo St Unit 7 Covina, CA 91723
7
Beds
5
Baths
11,159
Sq Ft
0.4
Acres
Highlights
- 0.4 Acre Lot
- No HOA
- Laundry Room
- South Hills High School Rated A-
- Cooling System Mounted To A Wall/Window
- Wall Furnace
About This Home
As of July 2015The Badillo Street Apartments is in an excellent area with easy access to nearby schools, the city’s public library, post office, and performing arts center. It is also 0.7 miles away from the city’s police department, local parks, and churches. Investors are receiving a rare opportunity to own a great and consistent income producing property in a prime location.
Built in 1962, the Badillo Street Apartments contains 10 sizable units on a 17,392 square foot lot. In addition, the apartments also have one non-conforming studio unit. The building has a pitched ceramic tile roof with an on-site laundry facility for the tenants. There are thirteen one-car garages available, so the apartments contain an excellent parking ratio of 1.3 to 1. The property is very well maintained with beautiful landscaping that brings great curb appeal.
The Badillo Street apartments have a 100% occupancy rate and feature a great unit mix. There are two two-bedroom/one- bathroom units, seven two-bedroom/two-bathroom units, one three-bedroom/two-bathroom unit, and one non-conforming studio unit. The building size for this property totals 11,159 square feet. The units are also individually metered for gas and electricity.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 0.4 Acre Lot
- Two or More Common Walls
- Density is 21-25 Units/Acre
Parking
- 13 Car Garage
- Parking Available
- Single Garage Door
Home Design
- Property Attached
- Composition Roof
Interior Spaces
- 11,159 Sq Ft Home
- 2-Story Property
- Gas Cooktop
- Laundry Room
Bedrooms and Bathrooms
- 7 Bedrooms
- 5 Bathrooms
Location
- Suburban Location
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 8
- Tax Tract Number 6
- Assessor Parcel Number 8445006012
Community Details
Overview
- No Home Owners Association
- 10 Units
Amenities
- Laundry Facilities
Building Details
- 10 Leased Units
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,943
- Gardener Expense $1,800
- Insurance Expense $2,500
- Maintenance Expense $9,094
- Professional Management Expense $6,063
- Trash Expense $2,910
- Water Sewer Expense $2,911
- New Taxes Expense $31,718
- Gross Income $13,022
- Net Operating Income $88,693
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2015 07/01/15 | Sold | $2,400,000 | -4.0% | $215 / Sq Ft |
| 05/18/2015 05/18/15 | Pending | -- | -- | -- |
| 05/01/2015 05/01/15 | For Sale | $2,500,000 | -- | $224 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Eric Chen
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV15092417
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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