1171 W Badillo ST Pending Save Request In-Person Tour Request Virtual Tour
Covina,CA 91722
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
Square Footage 12,312 sqft
Price per Sqft $322
MLS Listing ID CV24171388
Year Built 1985
Lot Size 0.753 Acres
Property Description
We are pleased to exclusively offer for sale this unique investment opportunity in the city of Covina featuring all Two-Story Townhouse style units. Constructed in 1985 and well-maintained over time, each town-house is thoughtfully designed with 2 Bedrooms and 2 FULL Bathrooms. Additionally the property offers strong financial fundamentals with a solid 5.2% CAP rate and 13.4 Gross Rent Multiplier, based on current allowable rental increases.
Occupying a substantial lot of 32,800 square feet with 12,312 square feet of rentable space, tenants benefit from the comfort and convenience of 2-Car garage parking and interior laundry hookups. The interior of most units has been recently upgraded, featuring modern kitchens, updated bathrooms, and updated flooring throughout, enhancing the aesthetic appeal and functionality of each space.
Significant capital improvements have been made, including new roofs for the garages and new water heaters for most units, ensuring a reduction in future maintenance needs. With no local rent control ordinance, the property also presents a compelling 20% upside in rental income, offering an excellent opportunity for investors seeking a desirable asset in a competitive market.
Location
State CA
County Los Angeles
Area 614 - Covina
Zoning CVR3-RD1500*
Rooms
Ensuite Laundry Common Area,Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,Inside
Interior
Laundry Location Common Area,Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,Inside
Laundry Common Area,Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,Inside
Exterior
Garage Spaces 24.0
Garage Description 24.0
Pool None
Community Features Curbs,Gutter(s),Sidewalks
Building
Lot Description 11-15 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard