708 E Ruddock Street, Covina, CA 91723
Local realty services provided by:CENTURY 21 Synergia Realty
708 E Ruddock Street,Covina, CA 91723
$4,100,000
- 28 Beds
- 26 Baths
- 14,999 sq. ft.
- Multi-family
- Active
Listed by: nicholas hayner
Office: maywood property group310-650-9696
MLS#:26993819
Source:CRMLS
Price summary
- Price:$4,100,000
- Price per sq. ft.:$273.35
About this home
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....
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Home facts
- Year built:1978
- Listing ID #:26993819
- Added:7 day(s) ago
- Updated:October 06, 2026 at 02:37 PM
Rooms and interior
- Bedrooms:28
- Total bathrooms:26
- Kitchen Description:Disposal, Refrigerator
- Living area:14,999 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:1978
- Building area:14,999 sq. ft.
- Lot area:0.79 Acres
Finances and disclosures
- Price:$4,100,000
- Price per sq. ft.:$273.35
Features and amenities
- Appliances:Disposal
Parking
- Parking description:Attached Carport, Door-Multi, Door-Single, Garage
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