28 days on rocket

654 E Ruddock St, Covina, CA, 91723

$1,575,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo
Schools Nearby

Location

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654 E Ruddock St, Covina$1,575,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeCondominium
Year Built1962
MLS #CV24065005
Lot Size0.19 Acres
StatusActive

About 654 E Ruddock St

JUST REDUCED! MOTIVATED SELLER! We are pleased to offer for sale this prime 6 unit multi-family investment nestled in the heart of the city of Covina. Priced at a 5% CAP Rate and 12.85 GRM (with about 30% upside in rental income) the subject property features a compelling unit mix of a Two-Story Townhouse with 2 Bedrooms/1.5 bathrooms, alongside five additional 2-Bedroom/1-Bathroom units. Spanning 6,375 square feet of rental space on an 8,148 square foot lot, the property has been thoughtfully designed to meet the needs of modern living. Each unit is separately metered for electricity and gas, providing ease of utility management and cost efficiency. Tenants are afforded the convenience of covered car-port parking and an onsite laundry facility, adding to the appeal of these units. Located just minutes from the vibrant "Downtown" Covina area, residents have easy access to a variety of shops, restaurants, and entertainment options, enhancing the rental attractiveness of this property. Perhaps most notably, this investment offers a significant opportunity for revenue growth, with a potential 30% upside in rental income. This combination of location, quality, and income potential makes this Covina property an enticing option for investors looking to expand their portfolio in a desirable market.

Property Details

Property Features

Property Information:

  • Year Built: 1962
  • Stories: 2

Listing Office:

  • Office Name: RE/MAX 2000 REALTY
  • Office Phone: (909) 645-0443
  • Listing Agent: Kristopher German

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

School Info

Assigned Schools Information:

  • South Hills High School, Public District Grades 9-12
  • Sierra Vista Middle School, Public District Grades 6-8
  • Ben Lomond Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: South of I-210, West of CA-57; Near the Intersection of N Vecino Dr & E Ruddock St

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,575,000

Tax Information:

  • Annual Amount: $4,967
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Covina, CA.

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Covina, CA

City

Med. Sold Price

$750K

Med. Price/SqFt

$508

Avg. Days On Market

27

# of Sold Homes

31

654 E Ruddock St vs Covina

28 DAYS ON ROCKET

+1 Day

$1,575,000

+$825K More

KEY TAKEAWAY

This property is $825K more than the Median Sold Price in Covina, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #CV24065005

Listing Office:

  • Office Name: RE/MAX 2000 REALTY
  • Office Phone: (909) 645-0443
  • Listing Agent: Kristopher German

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/1/2024, 6:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$4,967$213,300
2020$4,885$211,114
2019$4,661$206,975
2018$4,534$202,917
2017$4,534$198,939

History based on county public records data.

Payment Calculator

$7,928

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,788

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4073462
6
/10

  • Ben Lomond Elementary School

  • 621 E Covina Blvd

  • 0.73 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4073463
5
/10

  • Sierra Vista Middle School

  • 777 E Puente St

  • 0.51 miles

  • Public District Grades 6-8

High School

school-card-donut-4073464
6
/10

  • South Hills High School

  • 645 S Barranca St

  • 1.90 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,579. The majority of Covina, CA residents have income between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 654 E Ruddock St

What is the listing price of this property?

The listing price of 654 E Ruddock St property is $1,575,000.

What type of property is this?

The property 654 E Ruddock St is a condo located in Covina, California, 91723.

Is this property for sale now?

Active Listing: 654 E Ruddock St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 654 E Ruddock St are:
Ben Lomond Elementary School: GreatSchools Rating 6/10
Sierra Vista Middle School: GreatSchools Rating 5/10
South Hills High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $4,967 (source: MLS/based on county public records data).

Which year was this property built?

The year of construction for 654 E Ruddock St is 1962.

Rocket Homes›California›Los Angeles County›Covina›91723›654 E Ruddock St

This home is located at 654 E Ruddock St in Covina, CA and zip code 91723 in the The San Gabriel Valley neighborhood. This home, which was built in 1962, sits on a 0.19 acre lot. It has been listed on Rocket Homes since April 02, 2024 and is currently priced at $1,575,000.

In March 2024 more than 13 listings in Covina, CA were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 14 were sold below. The inventory of homes for sale in Covina, CA between February 2024 and March 2024 decreased by 0.9%. While the average time on the market in March 2024 was 27 days, the median list price was $750,000.

From Rocket Homes Real Estate and based on county public records data.

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