Covina, CA 91723,637 E Ruddock ST

$1,312,500

$1,475,000

11.0%
Est.Price: ?

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Est. payment /mo

7,479 Sqft Lot


SOLD DATE : 07/11/2024

Key Details

Sold Price $1,312,500

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

MLS Listing ID AR24096337

Sold Date 07/11/24

HOA Y/N No

Year Built 1962

Lot Size 7,479 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.

Location

State CA

County Los Angeles

Area 614 - Covina

Zoning CVRD2000*

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned

Carport Spaces 6

Pool None

Community Features Urban

Total Parking Spaces 6

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 2

Entry Level Two

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 8429012025

Energy Description 3212.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Matt Cuong Ly • Coldwell Banker Realty • matt.ly@cbcnrt.com
Bought with Matt Cuong Ly • Coldwell Banker Realty
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