270 E Badillo ST new Save Request In-Person Tour Request Virtual Tour
Covina,CA 91723
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV25154872
Year Built 1964
Lot Size 0.361 Acres
Property Description
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.
Location
State CA
County Los Angeles
Area 614 - Covina
Interior
Cooling Window / Wall Unit
Laundry Laundry Area
Exterior
Parking Features Assigned Spaces,Carport
Garage Spaces 20.0
Pool 31,Pool - Yes,Pool - Fenced
View None
Roof Type Shingle
Building
Story One Story
Water District - Public
Others
Special Listing Condition Not Applicable