• 663 E Ruddock Street Covina, CA 91723

  • $1,960,000
  • 0
    Bed(s)
  • 0
    Baths
  • 5,656
    Sq Ft
  • 7375
    Sqft
  • Listed By: Douglas McCauley, MARCUS & MILLICHAP, DRE #01155706
  • Source: CRMLS

SELLER FINANCING at 5% Interest Only - 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.

Property Type :

Residential Income

Subdivision :

Fallbrook

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Water/Sewer

Water Source : Public

Sewer : Public Sewer

Building Information

Year Built: 1961

Building Area Total: 5,656

Pool Features

None

Laundry Features

Common Area

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1693

Lot Size Source: Assessor

Lot Size Square Feet: 7375

Listing Price Information

Original List Price: 1,960,000

Listing Contract Date: 2024-05-02

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 8429012022

Garage and Parking

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: 614 - Covina

Postal Code Plus 4: 1718

Directions: I-10 North Grand Ave Exit, Left on San Bernardino Rd, Left on Prospero Dr, & Left on Ruddock St

Zoning: CVRD2000*

Source Property Type: Residential Income

Area: 614 - Covina

Property SubType: Apartment

Building and Construction

Property Age: 63

Common Walls: 2+ Common Walls

Structure Type: Apartment

Year Built Source: Other

Entry Level: 1

Entry Location: Front

Property Attached: Yes

Levels or Stories: Two

Building Total Stories: 2

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
225 W Merlot Drive, Covina, CA,91723 $608,000 3 3 1,370 --
662 E Workman Street, Covina, CA,91723 $629,000 3 2 1,833 128786 Sqft
316 E Orlando Way, Covina, CA,91723 $1,700,000 -- -- 4,692 7840.8 Sqft
758 E San Bernardino Rd.., Covina, CA,91723 $449,000 2 2 935 45665 Sqft
661 S Aldenville Avenue, Covina, CA,91723 $1,250,000 5 4 3,618 13284 Sqft
826 N Barranca Avenue, Covina, CA,91723 $7,280,000 -- -- 22,820 45075 Sqft
668 S San Antonio Drive, Covina, CA,91723 $698,000 3 2 1,546 2169 Sqft
238 E Hurst Street, Covina, CA,91723 $850,000 3 2 1,368 6467 Sqft
215 West Zinfandel Drive, Covina, CA,91723 $650,000 3 3 1,517 41278 Sqft
189 S Hollenbeck Avenue, Covina, CA,91723 $655,000 3 1 1,332 1582 Sqft

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ByOwner last updated this listing 05/18/2024 @ 10:36

MLS: CV24088476
LISTED BY: Douglas McCauley, MARCUS & MILLICHAP
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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