270 E Badillo St - Apartments FOR SALE


Covina, CA 91723- Downtown Covina
$3,250,000 USD
626-427-0786
270 E Badillo St, Covina, CA for Sale
$3,250,000 USD
Apartments - FOR SALE
1/11
null | 5.75% Cap Rate

270 E Badillo St
Covina, CA 91723
Downtown Covina


HIGHLIGHTS

  • Private Seller Financing! 30% down payment, 5.5% interest-only payments, and due and payable in 5-years
  • REAL 6.3% Cash-On-Cash Return!
  • Profitable CAP RATE | Current 12 GRM
  • Tenants Enjoy Gated Sparkling Pool & Plenty of Onsite Parking (20 Cars)
  • Onsite Laundry Facility
  • Prime Location Close to Downtown Covina, Major Retail Outlets, & Public Transportation

OVERVIEW

Seller Financing Available! Kristopher German of The Apartment Dealer is pleased to offer for sale this 12-unit multi-family investment property located in the city of Covina. The asset 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 a 30% down payment, 5.5% interest-only payments, due and payable in 5-years, offering a rare opportunity to acquire a stabilized asset with attractive financing terms.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$375 USD /SF

# OF UNITS

12

PRICE/UNIT

$270,833

CAP RATE

5.75%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12 Units Covina-Seller Financing Available!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,733 SF

ZONING

CVTC-P*

APN/PARCEL ID

8445-011-001

ASK ABOUT THIS PROPERTY

Kristopher GermanThe Apartment DealerMore Info
626-427-0786

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Kristopher GermanThe Apartment DealerMore Info
626-427-0786

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.