Property Details
About this Property
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.
MLS Listing Information
MLS #
CRCV24171388
MLS Source
California Regional MLS
Interior Features
Appliances
Other
Laundry
Community Facility
Parking, School, and Other Information
Garage/Parking
Garage: 24 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 12 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
1171 W Badillo St is a Residential Income in Covina, CA 91722. This – square foot property sits on a 32,800 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,830,000 and was built in 1985. This address can also be written as 1171 W Badillo St, Covina, CA 91722.
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This listing information is up-to-date as of December 21, 2024. For the most current information, please contact Kristopher German, (626) 427-0786
