Covina, CA 91723,270 E Badillo Street
Covina, CA 91723,270 E Badillo Street
Covina, CA 91723,270 E Badillo Street
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$3,250,000
Est. payment /mo
8,673 SqFt
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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 8,673 sqft

Price per Sqft $374

MLS Listing ID CRCV25154872

HOA Y/N No

Year Built 1964

Lot Size 0.361 Acres

Acres 0.36

Property Sub-Type Other

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

Zoning CVTC

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Other

Exterior

View Y/N false

View None

Building

New Construction No

Others

Tax ID 8445011001


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Bridge MLS
Listed by Kristopher German • RE/MAX 2000 REALTY

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270 E Badillo Street