1171 W Badillo St,
Covina, CA 91722
已成交 成交價: $383萬 成交日期: 2024年10月25日
卧室: -- 浴室: -- / 其他類型
房屋信息

其他類型

32800 平方英呎
(3,047平方米)

1985 年

2

42 停車位

地產編號: CV24171388
所處郡縣: LA
面積單價:$311.08/sq.ft ($3,348 / 平方米)
房屋簡介

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.

中文描述