663 E Ruddock St, Covina, CA 91723
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663 E Ruddock St Covina, CA 91723

$1,876,000
  • 12 Beds
  • 7 Baths
  • 5,656 Sq.Ft.
For Sale
$1,876,000 Get Pre-Qualified

Map preview of 663 E Ruddock St, Covina, CA 91723

Property Overview: 663 E Ruddock St Covina, CA has 12 bedrooms, 7 bathrooms, 5,656 living square feet and 7,375 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Douglas McCauley | BRE #01155706 | MARCUS & MILLICHAP
Co-listed by David Covarrubias | BRE #01941403 | MARCUS & MILLICHAP
Last checked: 1 minute ago | Last updated: May 31st, 2024 | Source CRMLS | DOM: 55
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Home details

Lot Sq. Ft
7,375
HOA Dues
$0/mo
Year built
1961
Garage
7 Car
Property Type:
Apartment
Status
Active
MLS#
CV24088476
City
Covina
County
Los Angeles
Time on Site
54 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,850
  • Total Rent: $3,700
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 2
  • # of Units: 5
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 5
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,512
  • Total Rent: $7,560
  • Pro Forma/Market Rent: $2,050
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.82%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $136,096
  • Net Operating Income: $90,451
  • Gross Operating Income: $132,135
  • Vacancy Allowance: $4,053
  • Laundry Income: $1,092
  • Other Income 1: $513
  • Other Income Description: Late Fee
Annual Expense Breakdown
  • Total Operating Expense: $41,685
  • Electric: $450
  • Gas/Fuel: $336
  • New Taxes: $21,760
  • Trash: $4,447
  • Gardener: $1,080
  • Insurance: $3,500
  • Maintenance: $6,750
  • Professional Management: $0
  • Water/Sewer: $2,861

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Property Details for 663 E Ruddock St

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 7
  • # of Parking Spaces: 7
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 7
  • Parcel Number: 8429012022
  • Year Built Source: Other
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: I-10 North Grand Ave Exit, Left on San Bernardino Rd, Left on Prospero Dr, & Left on Ruddock St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

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Sale History for 663 E Ruddock St

Last sold on November 1st, 2007
  • May, 2024

  • May 2, 2024

    Date

    Active

    CRMLS: CV24088476

    $1,960,000

    Price

  • November, 2007

  • Nov 1, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 2002

  • Aug 15, 2002

    Date

    Sold (Public Records)

    Public Records

    $485,000

    Price

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Tax History for 663 E Ruddock St

Assessed Value (2020): $648,314
Year Land Value Improved Value Assessed Value
2020 $235,719 $412,595 $648,314

Home Value Compared to the Market

This property vs the competition

663 E Ruddock St is listed 137.47% higher than the median list price for the city of Covina which has a median list price of $790,000. The median price per/sqft for Covina is $504 and this home is listed at $331.68 per/sqft which puts the price per square foot 34.19% lower than the median price per square foot for the city of Covina.

About 663 E Ruddock St

Detailed summary of property

663 E Ruddock St is a apartment located in Covina, CA 91723 and is currently for sale. This apartment offers 12 bedrooms, 7 bathrooms, roughly 5,656 living square feet, and sits on an approximately 7,375 square foot lot. 663 E Ruddock St was first listed on ArdentRealEstateGroup.com on May 2, 2024. The homeowner is currently asking $1,876,000 and was originally asking $1,960,000. The median priced home in Covina is $790,000 with a median price per square foot of $504. Based on Ardent Real Estate Group's Covina Market Data, this home is listed 137.47% higher than the median priced home. Local competing homes currently for sale include 709 E Santa Fe Ave, 1429 N Altadena Dr and 1097 Richland St. While the average home in Covina, CA is selling in 47 days, 663 E Ruddock St has a days on market of 55 days. There are currently 107 homes for sale in the Covina real estate market and 78 of them are single family homes while 18 of them are condos and 11 are townhomes. For more information on this home for sale at 663 E Ruddock St Covina, CA 91723 contact Ardent Real Estate Group and we will put you in touch with one of our Covina agents.

Public Facts for 663 E Ruddock St

Public county record property details
Beds
12
Baths
7
Year built
1961
Sq. Ft.
5,656
Lot Size
7,373
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
39
APN
8429-012-022

The source for these homes facts are from public records.

91723 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$501
Median Sold Price
$693,185
Median Sold Price/Sq.Ft.
$449
Total Inventory
25
Median Sale to List Price %
99.78%
Avg Days on Market
11
Loan Type
Conventional (25%), FHA (0%), VA (25%), Cash (25%), Other (25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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, 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.