Covina, CA 91723 663 E Ruddock Street

Pending
663 E Ruddock Street Covina, CA - Image 1663 E Ruddock Street Covina, CA - Image 2
Presented By: Douglas McCauley with MARCUS & MILLICHAP; 626-695-6776
  • MLS# CV24088476
  • 05/02/2024
  • Request Tour
  • Request Info
  • Beds • 12
  • Baths • 2
  • SQFT • 5,656
  • Garage • 7

Home Details

We are pleased to exclusively present the opportunity to acquire 663 East Ruddock Street, a 7-unit multifamily investment property in the city of Covina, California. The property is a two-story building constructed in 1961 with a building size of 5,656 square feet and sits on a 7,373 square feet parcel. The property consists of two one-bedroom/one-bathroom units and five two-bedroom/one-bathroom units. The property features a fenced well-maintained front lawn, secured entrance, and an on-site laundry room. Parking is accessible via rear alley, and there are three double-car garages and one single-car garage. The front unit offers a private patio. All units are individually metered for gas and electricity. Landlord pays for water and trash. For ease of commute, the offering is conveniently located one and a half mile away from Interstate 10 Freeway and only one mile away from the Metrolink Covina Station which offers the San Bernardino Line, taking travelers west to Union Station in Los Angeles and east to Redlands in the Inland Empire. In addition, the Covina-Valley Unified School District is within a 10-minute walk of the subject property, and more than eight public and private schools are within a one-mile radius of the property. For higher education, both Mt. San Antonio College and California State Polytechnic University are a short drive away from the subject property. Ranked the top 3% of community colleges in the country, Mt. San Antonio College is a public community college that offers more than 400 degree and certificate programs, 36 support programs, and more than 50 student clubs and athletic programs. Situated on more than 1,700 acres of land, Cal Poly Pomona is one of three polytechnic universities in the California State University system devoted primarily to the instruction of technical arts and applied sciences, and the university has been recognized as a U.S. Fulbright Scholar Top Producing Institution for STEM fields. 663 E Ruddock Street is one mile east of Downtown Covina, which has a remarkable variety of unique shops, beauty salons, restaurants, and live entertainment venues. Also known as the “Covina Old Town”, Downtown Covina nestled in a three-block radius along Citrus Avenue and has a charming and nostalgic ambiance, attracting locals and visitors alike.
Presented By: Douglas McCauley with MARCUS & MILLICHAP; 626-695-6776

Interior Features for 663 E Ruddock Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 663 E Ruddock Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.11
Carport Y/NNo
CityCovina
Community FeaturesSidewalks
CountyLos Angeles
Days on Market109
DirectionsI-10 North Grand Ave Exit, Left on San Bernardino Rd, Left on Prospero Dr, & Left on Ruddock St
Electric Expense450.0
Entry LocationFront
Fuel Expense336.0
Garage Spaces7.0
Garage Y/NYes
Gross Income135696.0
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense3500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7375.0
Lot Size UnitsSquareFeet
MLS Area614 - Covina
MaintenanceExpense6750.0
MobileHomeRemainsYNNo
Net Operating Income91938.0
New ConstructionNo
NumberOfUnitsTotal7
Operating Expense40780.0
Pool FeaturesNone
Private PoolNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Tax Lot39
Taxes$20,855
Tenant PaysElectricity, Gas
TermsCash, CashtoNewLoan
Trash Expense4447.0
View Y/NNo
Water Sewer Expense2861.0
Waterfront Y/NNo
Year Built1961
Year Built SourceOther
ZoningCVRD2000*

Exterior for 663 E Ruddock Street

Building Area Total5656.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.1693
Lot Size Area7375.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking7.0
Water SourcePublic

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $1,798,000
MLS#CV24088476
List Date 05/02/2024
Property Type Pending
Phone 310.658.1749
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