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    645 E Ruddock Street , #1

    Covina, CA 91723
    • $3,250,000
    • STATUS: Active
    • ON SITE: 41 days
    • ID#: CV20186614
    UPDATED: 102 min ago
    $3,250,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,182
      SQFT
    • $291
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1961
    County:
    Area:

    School Ratings & Info

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-20T00:30:29.2. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/109812388
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    645 E Ruddock Street , #1 Covina, CA 91723

    • Price: $3,250,000
    • Status: Active
    • Updated: 102 min ago
    • ID#: CV20186614
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    11,182
    SQFT
    $291
    $/SQFT
    1961
    Built
    Neighborhood:
    614 - Covina
    County:
    Los Angeles
    Area:
    614 - Covina
    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.
    Exterior Features

    Garage Spaces 12.00 Lot Features 11-15 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 12.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Common Area

    Property Features

    Additional Parcels Description 8429012023 Additional Parcels YN Yes Building Area Units Square Feet Community Features CurbsGuttersSidewalks Country Us Electric Expense 405.00 Elevation Units Feet Fuel Expense 586.00 Gardener Expense 960.00 Gross Income 184080.00 Gross Multiplier 17.66 Gross Scheduled Income 184080.00 Insurance Expense 4434.00 Land Lease YN No Laundry Income 1000.00 Laundry YN Yes Maintenance Expense 9204.00 Net Operating Income 111721.00 New Construction YN No New Taxes Expense 37600.00 Number Of Separate Electric Meters 13 Number Of Separate Gas Meters 13 Number Of Separate Water Meters 1 Operating Expense 67837.00 Professional Management Expense 6000.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 67837.00 Trash Expense 3948.00 Vacancy Allowance 5522 Water Sewer Expense 4700.00 Water Source Public Year Built Source Assessor Zoning Cvrd2000*

    Listing provided courtesy of Douglas Mccauley of Marcus & Millichap and David Covarrubias of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-20T00:30:29.2. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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