$1,798,000 Price Analysis   ♡   Covina, CA 91723 12 bed 7 bath 5,656 SqFt ($317/SqFt) 7,375SqFt lot. Built 1961 Listed 2024-05-02, Taxes $10,530 | Ⓧ USDA Ineligible due to price & location near Covina |
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 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 Pro ducing 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 s 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.
Presented by Douglas Mccauley at
MARCUS & MILLICHAP.
Property MLS #CV24088476 from CRMLS
Lot Size Acres: 0.1693067
Lot Size Source: Assessor
Lot Size Square Feet: 7375
Parking Total: 7
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Unit-1 Garage Spaces: 2
Unit-2 Garage Spaces: 5
Maintenance Expense: 6750.00
Vacancy Allowance: 4071
County: Los Angeles
Cap Rate: 5.11
Source Property Type: Residential Income
Insurance Expense: 3500.00
Area: 614 - Covina
Source Neighborhood: 614 - Covina
New Taxes Expense: 20855.00
Number of Separate Electric Meters: 8
Number of Separate Gas Meters: 8
Number of Separate Water Meters: 1
Parcel Number: 8429012022
Pest Control Expense: 500.00
Postal Code Plus 4: 1718
Trash Expense: 4447.00
Zoning: CVRD2000
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $425,000 + $242,924 $667,924 | $10,530 |
| 2021 | $416,667 + $238,161 $654,828 | $10,368 |
| 2020 | $412,395 + $235,719 $648,114 | $10,251 |
| 2019 | $404,309 + $231,098 $635,407 | $10,161 |
| 2018 | $396,382 + $226,567 $622,949 | $9,760 |
| 2017 | $388,610 + $222,125 $610,735 | $9,537 |
| 2016 | $380,991 + $217,770 $598,761 | $9,175 |
| 2015 | $375,269 + $214,499 $589,768 | $8,933 |
| 2014 | $367,918 + $210,298 $578,216 | $8,844 |
| 2013 | $366,256 + $209,348 $575,604 | $8,642 |
| 2012 | $359,075 + $205,244 $564,319 | $8,443 |
| 2010 | $352,035 + $201,220 $553,255 | $7,840 |
| 2009 | $306,000 + $714,000 $1,020,000 | $12,875 |
| 2009 | $349,404 + $199,717 $549,121 | $12,875 |
| 2008 | $300,000 + $700,000 $1,000,000 | $12,322 |
| 2007 | $336,636 + $192,419 $529,055 | $6,902 |
$1,798,000
CRMLS
Price Changed 2024-05-31
$1,876,000
CRMLS
Listed 2024-05-02
$1,960,000
CRMLS
Sold 2002-08-15
$485,000
Public Record
Sold 2002-08-14
$485,000
Public Record
Sold 1995-11-15
$275,000
Public Record
Sold 1992-04-14
$480,000
Public Record
Sold 1987-03-31
$406,000
Public Record
Sold 1985-02-05
$325,000
Public Record
Year Built: 1961
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Front
Property Age: 63
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Sewer: Sewer: Public Sewer, Water Sewer Expense: 2861.00
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.