1171 W BADILLO ST
COVINA, CA 91722
$3,975,000
0 Beds
0 Baths
12,312 Sq Ft
Status Pending
MLS# CV24171388
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.
Details for 1171 W BADILLO ST
Built in 1985
$323 / Sq Ft
42 parking spaces
No Info
0.753 acres lot
Price per square foot and days on website are not provided values and are calculated by RE/MAX.
Kristopher German
RE/MAX 2000 REALTY, 626-956-0188
5:29am UTC- 9/21/2024
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Area Information for 1171 W BADILLO ST
