708 East Ruddock Street

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Active
$4,100,000
28 beds26 baths14,999 sqft
708 E Ruddock St, Covina, CA 91723
Est: $23,910/moGet pre-approved
Multi FamilyProperty Type
0.79 acresLot Size
1978Year Built
$273/sq ftPrice per sq ft

Description

708 E Ruddock Street, Covina offers investors a compelling combination rarely found in Southern California multifamily: a 14-unit asset with no local rent control, central air conditioning, and a below market basis. Set on a quiet cul-de-sac in one of Covina's most established neighborhoods, this pride-of-ownership community sits on an expansive 34,279 square foot lot. The freedom from local rent control is significant. While many nearby submarkets cap owners' ability to push rents toward market,...708 E Ruddock Street, Covina offers investors a compelling combination rarely found in Southern California multifamily: a 14-unit asset with no local rent control, central air conditioning, and a below market basis. Set on a quiet cul-de-sac in one of Covina's most established neighborhoods, this pride-of-ownership community sits on an expansive 34,279 square foot lot. The freedom from local rent control is significant. While many nearby submarkets cap owners' ability to push rents toward market, Covina gives ownership full flexibility to reposition the property as units turn, with only state level regulatory ceiling on the upside. Unit sizes stand out too, averaging over 1,000 square feet, well above the norm for this submarket. Six of the fourteen units are townhouse-style, offering a true two-story living experience that drives tenant loyalty and premium rents. Each unit also has its own individual water heater, keeping utility costs low and operations simple. Parking is another strength: 40 spaces across two-car garages, one-car garages, covered parking, and on-grade parking, well above typical ratios nearby. A gated entrance and quiet cul-de-sac setting round out the property's appeal and keep turnover low. The rent roll reflects a stable, well-run asset at 100% occupancy with many long-term tenants in place. Current rents span a wide range, from the $1,300s to nearly $2,200 for similarly configured units, pointing to clear upside as units turn. For investors seeking dependable in-place income paired with an easy to realize path to rent growth, 708 E Ruddock Street is the most compelling multifamily investment opportunity available in Covina today.
2 days on Market
  • Listed by: Nicholas Hayner DRE #02090908 Brokerage DRE #01488562 • Maywood Property Group
Last updated: 09/28/2026 10:06 AM • Source: CLAW, MLS#: 26993819

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Listing Courtesy of Maywood Property Group, Nicholas Hayner, DRE #02090908
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$23,910 per month

30 year fixed, 7.03% Interest

Principal and Interest

$21,888

Property Taxes

$2,022

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Property Information for 708 East Ruddock Street

Property Details
  • MLS Type: Residential Income
  • County: Los Angeles County
  • Zoning: CVR3-RD1250*
  • Parcel Number: 8429033025
  • Total Units: 14.0
  • Living Area: 14999
  • Source Living Area: Vendor Enhanced
  • Area: Covina (614)
  • Vacancy Rate: 2
  • Lot Size Area: 34291
  • Source Lot Size Area: Vendor Enhanced
  • Assessor Parcel Number: 8429-033-025
  • Directions: Covina
Building Information
  • Year Built: 1978
  • Lot Size: 0.79 AC / 34,291 SF
Community / Development
Community / Development
  • Number Of Units: 14
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $312,876
  • Net Operating Income: $209,136.00
  • Gross Income: $312,876
  • Gross Rent Multiplier: $13.00
  • Total Annual Expense: 97482
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.7872
  • Lot Size Square Feet: 34291
Parking Details
Parking Details
  • Parking Garage: Carport Attached, Garage - 2 Car, Garage - 1 Car
  • Total Parking: 0
  • Parking Features: Garage - Single Door, Attached Carport, Garage - Two Door
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling: Central
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Range/Oven, Refrigerator, Garbage Disposal
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 09-28-2026
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $3,990.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,669.00
  • Unit Actual Rent: $5,009.00
  • Unit Projected Rent: $7,800.00
  • Like Units: 3
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,858.00
  • Unit Actual Rent: $16,728.00
  • Unit Projected Rent: $22,455.00
  • Like Units: 9
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $951,373.00
  • Assessed Improvement Percent: 64.79
  • Assessed Land Value: $517,047.00
  • Assessed Land Percent: 35.21
  • Assessed Total Value: $1,468,420.00

Property History for 708 East Ruddock Street

DateEvent & SourcePriceAppreciation
Sep 28, 2026

Listed (Active)

CRMLS #26993819

$4,100,000—
Sep 28, 2026

Listed (Active)

CLAW #26993819

$4,100,000—
Jun 15, 2001

Expired

CLAW #A207179MR

—
DateEvent & SourcePrice
09/28/2026

Listed (Active)

CRMLS #26993819

$4,100,000
09/28/2026

Listed (Active)

CLAW #26993819

$4,100,000
06/15/2001

Expired

CLAW #A207179MR

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 708 East Ruddock Street

Taxable ValueLand$527,387Additions$970,400Total$1,497,787
Tax Record2025$24,263 ($2,022 / month)
Home Facts
Baths26Total Finished SqFt14,999 SqFtAbove Grade Finished SqFt14,999 SqFtStories3Lot Size34,285 SqFtStyleMulti-Family Dwelling (2-4)Year Built1978Year Renovated1978ZoningCVR3-RD125CountyLOS ANGELESAPN8429-033-025

Schools near 708 East Ruddock Street

This home is within Covina-Valley Unified School District.
Rating
School
Type
Grades
Distance
Ben Lomond Elementary School
Public - K to 5
Sierra Vista Middle School
Public - 6 to 8
South Hills High School
Public - 9 to 12
Fairvalley High (Continuation) School
Public - 9 to 12
Rating
School
Distance
Ben Lomond Elementary School
PublicK to 5

Sierra Vista Middle School
Public6 to 8

South Hills High School
Public9 to 12

Fairvalley High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 708 East Ruddock Street, Covina, CA 91723

708 East Ruddock Street is a multi-family home for sale in Covina, CA 91723. This property was listed for sale on September 28, 2026 by Maywood Property Group, it's currently listed at $4,100,000. This listing's school district is Covina-Valley Unified School District. Nearby schools include Ben Lomond Elementary School, Sierra Vista Middle School and South Hills High School. 708 East Ruddock Street is a 28-bed, 26-bath, 14,999 sqft multi-family home built in 1978.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Maywood Property Group, Nicholas Hayner, DRE #02090908

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.