George Cordova
EXP REALTY OF CALIFORNIA INC
(626) 602-2962
51 Total Sales
2 in Covina
$650K - $765K Price Range
654 E Ruddock St Covina, CA 91723
Covina Area
12
Beds
7
Baths
6,375
Sq Ft
8,148
Sq Ft Lot
About This Home
As of May 2024JUST 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.
Last Agent to Sell the Property
RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 04/02/2024
Last Buyer's Agent
RE/MAX 2000 REALTY Brokerage Phone: 909-645-0443 License #01800021 Listed on: 04/02/2024
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 8,148 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 6,375 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 12 Bedrooms
- 7 Bathrooms
Parking
- 6 Parking Spaces
- 6 Carport Spaces
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tenant pays for electricity, gas
- Tax Lot 26
- Tax Tract Number 21003
- Assessor Parcel Number 8429033014
- $2,530 per year additional tax assessments
Community Details
Building Details
- 6 Leased Units
- Rent Control
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $540
- Fuel Expense $2,640
- Insurance Expense $4,500
- Maintenance Expense $4,500
- Other Expense $900
- Trash Expense $4,800
- Water Sewer Expense $4,000
- New Taxes Expense $18,346
- Operating Expense $40,226
- Gross Income $122,580
- Net Operating Income $78,677
Additional Features
- 6 Units
- Laundry Facilities
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 2, 2024
Closed on
May 8, 2024
Sold by
Janet Rought Living Trust and Rought-Crawford Steffney
Bought by
Seller's Agent
Kristopher German
RE/MAX 2000 REALTY
Buyer's Agent
Kristopher German
RE/MAX 2000 REALTY
List Price
$1,575,000
Sold Price
$1,625,000
Premium/Discount to List
$50,000
3.17%
Views
62
Purchase Details
Closed on
Feb 10, 2015
Sold by
Rought Janet
Bought by
Rought Janet and Janet Rought Living Trust
Purchase Details
Closed on
Apr 5, 1995
Sold by
Rought Janet
Bought by
Rought Janet
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Covina, CA
-
George Cordova
-
Pam DelRey
Pam DelRey
Art Del Rey Realty, Inc.
(626) 604-0256
61 Total Sales
3 in Covina
$780K - $880K Price Range
-
Patsy Chan
Patsy Chan
FAIRMATE INC.
(562) 600-9057
15 Total Sales
1 in Covina
$540,000 Price
-
Angie Rebennack
Angie Rebennack
Responds QuicklyKeller Williams Pacific Estate
(669) 267-1339
56 Total Sales
1 in Covina
$618,000 Price
-
Jonathan Mendoza
Jonathan Mendoza
Monarch Real Estate Services
(626) 658-4310
53 Total Sales
2 in Covina
$770K - $774K Price Range
-
EDGAR QUEZADA
EDGAR QUEZADA
SO CAL REALTY & LOANS
(626) 699-8746
33 Total Sales
4 in Covina
$675K - $757K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,625,000 | Fidelity Title | ||
| Rought Janet | -- | None Available | |
| Rought Janet | -- | United Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $745,000 | ||
| Previous Owner | Rought Janet | $67,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/15/2024 05/15/24 | Sold | $1,625,000 | +3.2% | $255 / Sq Ft |
| 05/01/2024 05/01/24 | Pending | -- | -- | -- |
| 04/23/2024 04/23/24 | For Sale | $1,575,000 | -3.1% | $247 / Sq Ft |
| 04/22/2024 04/22/24 | Off Market | $1,625,000 | -- | -- |
| 04/02/2024 04/02/24 | For Sale | $1,625,000 | -- | $255 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $22,163 | $1,690,650 | $1,040,400 | $650,250 |
| 2025 | $22,163 | $1,657,500 | $1,020,000 | $637,500 |
| 2024 | $4,813 | $226,353 | $48,254 | $178,099 |
| 2023 | $5,115 | $221,915 | $47,308 | $174,607 |
| 2022 | $5,061 | $217,565 | $46,381 | $171,184 |
| 2021 | $4,967 | $213,300 | $45,472 | $167,828 |
| 2019 | $4,885 | $206,975 | $44,124 | $162,851 |
| 2018 | $4,662 | $202,917 | $43,259 | $159,658 |
| 2016 | $4,326 | $195,039 | $41,580 | $153,459 |
| 2015 | $4,229 | $192,110 | $40,956 | $151,154 |
| 2014 | $4,213 | $188,348 | $40,154 | $148,194 |
Source: Public Records
Agents Affiliated with this Home
-
Kristopher German
Seller's Agent in 2024
Kristopher German
RE/MAX
(909) 645-0443
127 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV24065005
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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. Properties may or may not be listed by the office/agent presenting the information
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