USACACovina708 E Ruddock St
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$4,100,000

For Sale

8 days ago

708 E Ruddock St, Covina, CA

House

MLS® 26993819

28 Bed

26 Bath

14999 sqft

0

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 14999 sqft
Garage Yes
Taxes 
Days Active 8
Lot Size 0.7872 Acres
Approx. Age 1978
Avg. Price Per Sqft $273
MLS® Number 26993819

Property Address: 708 E Ruddock St, Covina, CA, 91723-1419

Average square foot calculated using Size range provided by listing agent.

Description

708 E Ruddock Street, Covina offers investors a compelling combination rarely found in Southern California multifamily: a 14-unit asset with no local rent control, central air conditioning, and a below market basis. Set on a quiet cul-de-sac in one of Covina's most established neighborhoods, this pride-of-ownership community sits on an expansive 34, 279 square foot lot.The freedom from local rent control is significant. While many nearby submarkets cap owners' ability to push rents toward market, Covina gives ownership full flexibility to reposition the property as units turn, with only state level regulatory ceiling on the upside. Unit sizes stand out too, averaging over 1, 000 square feet, well above the norm for this submarket. Six of the fourteen units are townhouse-style, offering a true two-story living experience that drives tenant loyalty and premium rents. Each unit also has its own individual water heater, keeping utility costs low and operations simple. Parking is another strength: 40 spaces across two-car garages, one-car garages, covered parking, and on-grade parking, well above typical ratios nearby. A gated entrance and quiet cul-de-sac setting round out the property's appeal and keep turnover low. The rent roll reflects a stable, well-run asset at 100% occupancy with many long-term tenants in place.Current rents span a wide range, from the $1, 300s to nearly $2, 200 for similarly configured units, pointing to clear upside as units turn.For investors seeking dependable in-place income paired with an easy to realize path to rent growth, 708 E Ruddock Street is the most compelling multifamily investment opportunity available in Covina today.
MLS® Number26993819
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1978
Basement
DrivewayAttached Carport, Door Multi, Door Single, Garage
Garage Spaces
HeatCentral
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 28, 2026List Date
$4,100,000List Price
  • Commute

Commute

Starting Address
Destination Address
708 E Ruddock St, Covina, CA

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