654 East Ruddock Street
654 East Ruddock Street
$1,575,000
12
7
6,375
6,375
$247
Description
Just reduced! Motivated seller! We are pleased to offer for sale this prime 6 unit multi-family investment nestled in the heart of the city of Covina. Priced at a 5% CAP Rate and 12.85 GRM (with about 30% upside in rental income) the subject property features a compelling unit mix of a Two-Story Townhouse with 2 Bedrooms/1.5 bathrooms, alongside five additional 2-Bedroom/1-Bathroom units. Spanning 6,375 square feet of rental space on an 8,148 square foot lot, the property has been thoughtfully designed...Just reduced! Motivated seller! We are pleased to offer for sale this prime 6 unit multi-family investment nestled in the heart of the city of Covina. Priced at a 5% CAP Rate and 12.85 GRM (with about 30% upside in rental income) the subject property features a compelling unit mix of a Two-Story Townhouse with 2 Bedrooms/1.5 bathrooms, alongside five additional 2-Bedroom/1-Bathroom units. Spanning 6,375 square feet of rental space on an 8,148 square foot lot, the property has been thoughtfully designed to meet the needs of modern living. Each unit is separately metered for electricity and gas, providing ease of utility management and cost efficiency. Tenants are afforded the convenience of covered car-port parking and an onsite laundry facility, adding to the appeal of these units. Located just minutes from the vibrant "Downtown" Covina area, residents have easy access to a variety of shops, restaurants, and entertainment options, enhancing the rental attractiveness of this property. Perhaps most notably, this investment offers a significant opportunity for revenue growth, with a potential 30% upside in rental income. This combination of location, quality, and income potential makes this Covina property an enticing option for investors looking to expand their portfolio in a desirable market.
- Listed by Kristopher German • DRE #01800021 • Brokerage DRE #01264629 • RE/MAX 2000 REALTY • 909-645-0443
Property Details for 654 East Ruddock Street
Parking Spaces Total
6
Private PoolNo
Total Units6.0
Building TypeAttached
Lot Size SourceAssessor
Living Area6375
Assessor Parcel Number8429-033-014
Property Attached YNtrue
Location
LISTING UPDATED: 04/23/2024 05:05 AM
Property Details for 654 East Ruddock Street
Status | Active |
---|---|
MLS # | CV24065005 |
Days on Market | 27 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1962 |
County | Los Angeles County |
Location
Building Information for 654 East Ruddock Street
Building/Complex654 E Ruddock StFloor-Stories2Residences-Pet Policy-Year Built1962Building Size-
Payment Calculator
$9,021 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 654 East Ruddock Street
Property History for 654 East Ruddock Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 654 East Ruddock Street
Taxable ValueLand$47,308Additions$174,607Total$221,915
Tax Record2023$5,115 ($426 / month)
Home Facts
Total Finished SqFt6,375 SqFtAbove Grade Finished SqFt6,375 SqFtLot Size8,148 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningCVRD2000*CountyLOS ANGELESAPN8429-033-014
Schools near 654 East Ruddock Street
This home is within Covina-Valley Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
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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