NOT LISTED FOR SALE

638 E Badillo St Covina, CA 91723

13 Beds
11 Baths
7,034 Sq Ft
11,430 Sq Ft

Last Sold May 02, 2024

Last sale price $2,287,500 $325 Per Sq Ft

29 Days on Market

Highlights

  • 14 Car Attached Garage
  • Laundry Room
  • Central Air
  • South Hills High School Rated A-

About This Home

As of May 2024

Introducing a 7-unit property situated on a vast 2-parcel lot spanning 21,334 square feet. Constructed in 1988, this property is hitting the market for the first time in 27 years. The property is positioned in a prime location in Covina (East San Gabriel Valley) and it offers an exceptional unit mix featuring spacious 1, 2, and 3-bedroom units. Among these are (1) 3-bedroom + 2.5-bathroom townhouse-style unit, (2) 2-bedroom + 1.75-bathroom units, (2) 2-bedroom + 1-bathroom units, and (2) 1-bedroom + 1-bathroom units, all complete with enclosed garage parking. Tenants benefit from on-site laundry facilities and central A/C and heating, adding to the convenience of living in this well-maintained property. Sitting in a highly sought-after rental area, it stands as a trophy investment, surrounded by numerous schools, shops, restaurants, and parks within a short distance. The property is only subject to the statewide AB1482 Rent Ordinance.

Last Agent to Sell the Property

Shant Sherbetdjian

Remax Commercial and Investment Realty License #01713570 Listed on: 03/06/2024

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 0.26

Parking

  • 14 Car Attached Garage
  • 2 Open Parking Spaces

Interior Spaces

  • 7,034 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 11 Bathrooms

Additional Features

  • 0.26 Acre Lot
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 8446-008-005

Community Details

Overview

  • 3 Buildings
  • 7 Units

Building Details

  • Vacancy Allowance $5,290

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0.26 Acres

Parking

14

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Living Area: 7034
  • Lot Acreage: 0.2624
  • Stories: 2
  • Year Built: 1988
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 13
  • Laundry: Room
  • Total Bathrooms: 11.00
  • Inclusions: Please note, this sale includes 2 parcels: 638 E Badillo St (APN 8446-008-005) and 628 E Badillo St (APN 8446-008-006)
  • Price Per S Q F T: 369.63

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 14
  • Other Spaces: 2
  • Parking Garage: Uncovered, Garage Is Attached
  • Total Parking: 16

Utilities

  • Cooling: Central

Lot Info

  • Assessed Improvement Percent: 69.23
  • Assessed Improvement Value: 626435
  • Assessed Land Percent: 30.77
  • Assessed Land Value: 278409
  • Total Assessed Value: 904844
  • Assessor Parcel Number: 8446-008-005
  • Lot Size Area: 21334

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 14.75
  • Number Of Units: 7
  • Type Of Units: Apartment
  • Vacancy Allow: 5290
  • Vacancy Allow Percent: 3.00
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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
05/02/2024 05/02/24 Sold $2,287,500 -12.0% $325 / Sq Ft
04/04/2024 04/04/24 Pending -- -- --
03/06/2024 03/06/24 For Sale $2,600,000 -- $370 / Sq Ft
Source: The MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,591 $1,479,000 $816,000 $663,000
2024 $13,591 $922,940 $283,977 $638,963
2023 $13,415 $904,844 $278,409 $626,435
2022 $13,253 $887,102 $272,950 $614,152
2021 $13,045 $869,709 $267,599 $602,110
2019 $12,776 $843,915 $259,663 $584,252
2018 $12,287 $827,369 $254,572 $572,797
2016 $11,561 $795,243 $244,688 $550,555
2015 $11,251 $783,299 $241,013 $542,286
2014 $11,128 $767,956 $236,292 $531,664
Source: Public Records

Agents Affiliated with this Home

  • Shant Sherbetdjian

    Seller's Agent in 2024

    Shant Sherbetdjian

    RE/MAX

    (626) 657-8135

    1 in this area

    62 Total Sales

    Shant Sherbetdjian
    Section Image

  • S

    Buyer's Agent in 2024

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 24-365567

The MLS
California Los Angeles County Covina 91723

638 E Badillo St, Covina, CA

Not Listed for Sale

MultiFamily

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