12,312 sqft

$3,830,000

1171 W Badillo Street, Covina CA, 91722

Price per sqft$311.08

Built in1985

Property size12,312 sqft

Property typeCondominium

Bought with Avinash Narang with BRC Advisors BH and Listed by Kristopher German CA DRE# 01800021 with RE/MAX 2000 REALTY 909-645-0443

Overview

Sold

Closed

Listed Aug 19, 2024

Updated Jun 19

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.

Additional information

MLS^® ID: CV24171388

Interior Features

Basement: No

Exterior Features

Lot Size: 0.75 Acres

Other Property Details

Maintenance Expense: $9,000
Garage: Yes
55+/Senior Community: No

Bought with Avinash Narang with BRC Advisors BH and Listed by Kristopher German CA DRE# 01800021 with RE/MAX 2000 REALTY 909-645-0443

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 6/19/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 6/19/2026 at 1:38 PM UTC Last Checked: 1:38 PM UTC