NOT LISTED FOR SALE

638 E Badillo St Covina, CA 91723

Covina Area
13 Beds
11 Baths
7,034 Sq Ft
0.49 Acre Lot

Sale Details

Date Sold: May 2, 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

  • 0.49

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

  • 21,334 Sq Ft 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

0.49 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2024
Closed on
Apr 25, 2024
Sold by
Bought by
Seller's Agent
Shant Sherbetdjian
Remax Commercial and Investment Realty
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$2,600,000
Sold Price
$2,287,500
Premium/Discount to List
-$312,500
-12.02%
Views
31

Purchase Details

Closed on
Jan 20, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
0.0462%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 21, 1996
Sold by
Bought by

Purchase Details

Closed on
Mar 16, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,287,500 Chicago Title Company
-- Stewart Title Of Ca Inc
$840,000 Stewart Title Of Ca Inc
-- --
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $1,954,000
Previous Owner $1,000,000
Previous Owner $630,000
Previous Owner $630,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $20,826 $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

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Map

Source: The MLS

MLS Number: 24-365567

The MLS
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