8,673 sqft

$3,150,000

270 E Badillo Street, Covina CA, 91723

Price per sqft$363.20

Built in1964

Property size8,673 sqft

Property typeCondominium

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

Overview

Sold

Closed

Listed Jul 10, 2025

Updated Aug 25

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.

Additional information

MLS^® ID: CV25154872

Interior Features

Cooling: Yes
Basement: No

Exterior Features

Lot Size: 0.36 Acres

Other Property Details

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

Bought with Kristopher German with RE/MAX 2000 REALTY 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 8/25/2026. 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 8/25/2026 at 1:10 AM UTC Last Checked: 1:10 AM UTC