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Sold on 10/01/2024
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663 E Ruddock St, Covina, CA 91723

$1,750,000

Last sold 10/01/2024 after 152 Days

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    bed

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    bath

Multi-family not for sale

About 663 E Ruddock St

Property type Multi-family
Year built 1961
HOA fee $0/month
Lot size 7,375 Sqft
Parking 7 garage spaces
Rental estimate
Property description
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
Listing Agent - Douglas McCauley
Listing Agent Contact: 626-695-6776
Listing Office - MARCUS & MILLICHAP
Source: CRMLS mls logo
MLS#CV24088476 • last updated 2 years ago
Movoto checked CRMLS for data 7 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1693
Lot Size (SqFt) 7375
Year Built 1961
Interior
Laundry Common Area
Exterior
Building Area Square Feet, 5656
# Parking Spaces 7
# Garage Spaces 7
Lot Description Rectangular Lot
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Sidewalks
Zoning CVRD2000*
Directions I-10 North Grand Ave Exit, Left On San Bernardino Rd, Left On Prospero Dr, & Left On Ruddock St
APN 8429012022
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 4071
Expense: Trash 4447
Laundry Income 1092
Operating Expense 40780
Cap Rate 5.11
Expense: Insurance 3500
Total Expenses 40780
Expense: Maintenance 6750
Expense: Water/ Sewer 2861
Gross Income 135696
Gross Operating Income 132717
Expense: Electric 450
Gross Scheduled Income 135696
Expense: Fuel 336
Expense: Gardener 1080
Rental est.: $1,958/month
Gross rent multiplier: 74.5
  • Oct 2024
    mls logo MLS # CV24088476
  • Oct 1, 2024 Sold
    $1,750,000 (-2.7%)
  • Aug 21, 2024 Pending
    —
  • Jul 23, 2024 Price Change
    $1,798,000 (-4.2%)
  • May 30, 2024 Price Change
    $1,876,000 (-4.3%)
  • May 2, 2024 Listed
    $1,960,000
  • Year Property taxes Tax assessment
  • 2024
    $10,793 +1.3%
    $695,107
  • 2023
    $10,657 +1.2%
    $695,107 +2.0%
  • 2022
    $10,531 +1.6%
    $681,482 +4.04%
  • 2021
    $10,369 +1.1%
    $655,028 +1.04%
  • 2020
    $10,252
    $648,314
  • 663 E Ruddock St
    $1.75M
  • —
  • 91723
    $649K -4% y/y
  • Covina
    $699K -1% y/y
No chart available
Statistics calculated by Movoto

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7/10
Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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