Covina, CA 91723,637 E Ruddock Street
Covina, CA 91723,637 E Ruddock Street
Covina, CA 91723,637 E Ruddock Street
$1,312,500
Est. payment /mo
$1,475,000
11.0%
Est.Price: ?

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8 Beds
5 Baths
7,478 Sqft Lot
SOLD DATE : 07/11/2024

Key Details

Sold Price $1,312,500

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR24096337

Sold Date 07/11/24

Bedrooms 8

HOA Y/N No

Lot Size 7,478 Sqft

Property Description

Welcome to 637 E. Ruddock St., a remarkable 6-unit multifamily property nestled in the heart of Covina, CA. Boasting a diverse mix of residences including one 1Bed+BBath, four 2Bed+1Bath, and one 2Bed+2Bath units, along with six convenient tuck-under parking spaces, this property is an exceptional investment opportunity. Priced attractively at the lowest price per unit ($245,000) and boasting a favorable GRM (13.33), this property presents undeniable value and significant upside potential in Covina's dynamic real estate market. Spanning 5,102 square feet of rental space on a spacious 7,476 square foot lot, this meticulously designed property caters to the demands of modern living. Each unit is equipped with separate meters for electricity and gas, ensuring streamlined utility management and cost efficiency for both landlord and tenants alike. Residents will appreciate the added conveniences of on-site laundry facilities and easily accessible alley access parking, enhancing the overall appeal of the property. Situated mere minutes away from the bustling "Downtown" Covina area, tenants enjoy effortless access to an array of shopping, dining, and entertainment options, further elevating the desirability of this investment. Don't miss out on this prime opportunity to own a lucrative piece of Covina's real estate landscape. Schedule your viewing today and secure your foothold in this thriving market.
Welcome to 637 E. Ruddock St., a remarkable 6-unit multifamily property nestled in the heart of Covina, CA. Boasting a diverse mix of residences including one 1Bed+BBath, four 2Bed+1Bath, and one 2Bed+2Bath units, along with six convenient tuck-under parking spaces, this property is an exceptional investment opportunity. Priced attractively at the lowest price per unit ($245,000) and boasting a favorable GRM (13.33), this property presents undeniable value and significant upside potential in Covina's dynamic real estate market. Spanning 5,102 square feet of rental space on a spacious 7,476 square foot lot, this meticulously designed property caters to the demands of modern living. Each unit is equipped with separate meters for electricity and gas, ensuring streamlined utility management and cost efficiency for both landlord and tenants alike. Residents will appreciate the added conveniences of on-site laundry facilities and easily accessible alley access parking, enhancing the overall appeal of the property. Situated mere minutes away from the bustling "Downtown" Covina area, tenants enjoy effortless access to an array of shopping, dining, and entertainment options, further elevating the desirability of this investment. Don't miss out on this prime opportunity to own a lucrative piece of Covina's real estate landscape. Schedule your viewing today and secure your foothold in this thriving market.

Location

State CA

County Los Angeles

Area Covina (91723)

Zoning Assessor

Exterior

Garage Unit1:Assigned

Building

Story 2

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Acceptable Financing Cash

Space Rent $1,840

Listing Terms Cash

Financing Cash

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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353

Our team is ready to help you sell your home for the highest possible price ASAP


San Diego Regional MLS (SDMLS)
Listed by Matt Cuong Ly • Coldwell Banker Realty
Bought with Matt Cuong Ly • Coldwell Banker Realty
agent-avatar

+1(858) 753-3353

kobezimmerman@bhhscalifornia.com

955 Orange Ave, Coronado, CA, 92118

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