Address
645 E Ruddock Street Covina, CA
Price
$ 3,250,000
Property Attributes
  • MLS#CV20186614
  • TypeIncome
  • CountyLOS ANGELES
  • CityCovina
  • AreaCovina
  • Zip91723
  • Style
  • Price$ 3,250,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage11182
  • Lot Size0.34 Acres
Listing Provided Courtesy Of:
DOUGLAS MCCAULEY with MARCUS & MILLICHAP.
Property Description

Over 25% rental upside - Seller has owned for 20+ years. We are proud to exclusively present the opportunity to acquire 645 & 653 East Ruddock Street, a 12-unit investment opportunity located in the desirable city of Covina, California. Built in 1961, the property is comprised of two identical buildings on two parcels with a combined lot size of approximately 14,998 square feet and a combined building size of approximately 11,182 square feet. The buildings consist of ten-two bedroom/one bathroom units of approximately 925 square feet and two-two bedroom/two bathroom units of approximately 965 square feet. The property features gated access with a center courtyard area, newer vinyl windows, recently painted exterior and an on-site laundry room. Parking consists of twelve single car garages accessible by way of a rear alley. Select units feature private patios, fireplaces and all of the units are individually metered for gas and electricity. The property is ideally situated with easy access to Route 10, 210 and 57 freeways. Because of its central location and proximity to Downtown Los Angeles the city is well served by the Metrolink, Covina Station, providing its residents many alternative ways of traveling to work, entertainment, dining, shopping, and home. The property is an excellent opportunity for an investor looking to acquire well-kept assets in an outstanding location poised for continued growth.

Price History
9/8/2020 Listed $3,250,000

General Features

Attached Structure Attached
Co-Listing Agent Last Name DAVID
Co-Listing Agent Last Name COVARRUBIAS
Co-Listing Agent State License # 01941403
Co-listing Agent DAVID COVARRUBIAS - BRE#01941403
Community Features Curbs, Gutters, Sidewalks
Directions East of Grand Ave and North of E San Bernardino Rd
Garage Spaces 12.00
Listagentaor Citrus Valley
Listing Agent DOUGLAS MCCAULEY - BRE#01155706
Listing Agent State License 01155706
MLS Area 614 - Covina
Pool Features None
Price Per Square Foot 290.65
Property Attached Y/N Yes
Sewer Public Sewer
Source System CRMLS
Special Listing Conditions Standard
Total Units 12
Zoning CVRD2000*

Interior Features

1st Bedroom Area Unit Type Square Feet
2nd Bedroom Area Unit Type Square Feet
3rd Bedroom Area Unit Type Square Feet
Common Walls 2+ Common Walls
Laundry Features Common Area
Laundry Y/N Yes
Studio Area Unit Type Square Feet

Exterior Features

Building Area Total 11182.00
Lot Features 11-15 Units/Acre
Lot Size Acres 0.3443
Lot Size Area 14998.0000
Lot Size Source Assessor
Lot Size Square Feet 14998.00
Lot Size Units Square Feet
Number of Buildings 2
Number of Separate Electric Meters 13
Number of Separate Gas Meters 13
Number of Separate Water Meters 1
Total Parking 12.00
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91723

Price
AVG $2.11M
$3.25M
Visits
AVG 64
82
Year Built
AVG 1950
1961
Walkscore
AVG 69
65
Data Provided by Walkscore ® not using MLS data

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