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Sold on 08/29/2025
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270 E Badillo St, Covina, CA 91723

$3,150,000

Last sold 08/29/2025 after 50 Days

  • —

    bed

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    bath

Multi-family not for sale

About 270 E Badillo St

Property type Multi-family
Neighborhood
Year built 1964
HOA fee $0/month
Lot size 0.36 Acre
Rental estimate
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.
Listed by
Listing Agent - Kristopher German
Listing Agent Contact: 909-645-0443
Listing Office - RE/MAX 2000 REALTY
Source: CRMLS mls logo
MLS#CV25154872 • last updated 1 year ago
Movoto checked CRMLS for data 1 minute ago
Overview
Levels/Style One, Two
Type Residential Income
SubType Apartment
Status Pending
Lot Size (Acres) 0.3612
Lot Size (SqFt) 15733
Year Built 1964
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 8673
Roof Shingle
Parking Assigned, Attached Carport
# Uncovered Spaces 6
# Carport Spaces 14
# Parking Spaces 20
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Location
View None
County Los Angeles
Community Features Sidewalks, Street Lights
Zoning CVTC-P*
Directions South Of San Bernardino Rd. East Of Citrus Ave
APN 8445011001
Multifamily Details
Vacancy Allowance 8078
Expense: Trash 4932
Laundry Income 3600
Operating Expense 74387
Cap Rate 5.75
Expense: Insurance 12000
Total Expenses 74387
Expense: Maintenance 9000
Expense: Water/ Sewer 3120
Gross Income 22140
Gross Operating Income 261201
Expense: Electric 780
Gross Multiplier 12.07
Gross Scheduled Income 269280
Expense: Fuel 1800
Expense: Gardener 600
Lot/ Land Details
Road Frontage Access Road
Road Surface Paved
Rental est.: $1,958/month
Gross rent multiplier: 134.1
  • Aug 2025
    mls logo MLS # CV25154872
  • Aug 29, 2025 Sold
    $3,150,000
  • Aug 4, 2025 Pending
    —
  • Jul 10, 2025 Listed
    $3,250,000 (+170.8%)
  • Aug 2025
    Public Records
  • Aug 29, 2025 Sold
    $3,150,000 (-3.1%)
  • Apr 2010
    Public Records
  • Apr 23, 2010 Sold
    $1,200,000
  • Year Property taxes Tax assessment
  • 2024
    $22,317 +1.3%
    $1,518,606 +2.0%
  • 2023
    $22,030 +1.2%
    $1,488,830
  • 2022
    $21,766 +1.5%
    $1,488,830 +4.04%
  • 2021
    $21,446 +1.2%
    $1,431,018
  • 2020
    $21,196
    $1,431,018
  • 270 E Badillo St
    $3.15M
  • Covina Town Center
    —
  • 91723
    $650K -8% y/y
  • Covina
    $699K -6% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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  • 270 E Badillo St
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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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