Seller's Agent in 2024
Douglas McCauley
MARCUS & MILLICHAP
(909) 456-3493
4 in this area
44 Total Sales
We are pleased to exclusively present the opportunity to acquire 663 East Ruddock Street, a 7-unit multifamily investment property in the city of Covina, California. The property is a two-story building constructed in 1961 with a building size of 5,656 square feet and sits on a 7,373 square feet parcel. The property consists of two one-bedroom/one-bathroom units and five two-bedroom/one-bathroom units. The property features a fenced well-maintained front lawn, secured entrance, and an on-site laundry room. Parking is accessible via rear alley, and there are three double-car garages and one single-car garage. The front unit offers a private patio. All units are individually metered for gas and electricity. Landlord pays for water and trash. For ease of commute, the offering is conveniently located one and a half mile away from Interstate 10 Freeway and only one mile away from the Metrolink Covina Station which offers the San Bernardino Line, taking travelers west to Union Station in Los Angeles and east to Redlands in the Inland Empire. In addition, the Covina-Valley Unified School District is within a 10-minute walk of the subject property, and more than eight public and private schools are within a one-mile radius of the property. For higher education, both Mt. San Antonio College and California State Polytechnic University are a short drive away from the subject property. Ranked the top 3% of community colleges in the country, Mt. San Antonio College is a public community college that offers more than 400 degree and certificate programs, 36 support programs, and more than 50 student clubs and athletic programs. Situated on more than 1,700 acres of land, Cal Poly Pomona is one of three polytechnic universities in the California State University system devoted primarily to the instruction of technical arts and applied sciences, and the university has been recognized as a U.S. Fulbright Scholar Top Producing Institution for STEM fields. 663 E Ruddock Street is one mile east of Downtown Covina, which has a remarkable variety of unique shops, beauty salons, restaurants, and live entertainment venues. Also known as the “Covina Old Town”, Downtown Covina nestled in a three-block radius along Citrus Avenue and has a charming and nostalgic ambiance, attracting locals and visitors alike.
Last Agent to Sell the Property
MARCUS & MILLICHAP Brokerage Phone: 626-695-6776 Listed on: 05/02/2024
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/01/2024 10/01/24 | Sold | $1,750,000 | -2.7% | $309 / Sq Ft |
| 08/19/2024 08/19/24 | Pending | -- | -- | -- |
| 07/23/2024 07/23/24 | Price Changed | $1,798,000 | -4.2% | $318 / Sq Ft |
| 05/30/2024 05/30/24 | Price Changed | $1,876,000 | -4.3% | $332 / Sq Ft |
| 05/02/2024 05/02/24 | For Sale | $1,960,000 | -- | $347 / Sq Ft |
| 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 |
|---|---|---|---|---|
| 2025 | $10,793 | $1,750,000 | $1,200,000 | $550,000 |
| 2024 | $10,793 | $694,907 | $252,737 | $442,170 |
| 2023 | $10,657 | $681,282 | $247,782 | $433,500 |
| 2022 | $10,531 | $667,924 | $242,924 | $425,000 |
| 2021 | $10,369 | $654,828 | $238,161 | $416,667 |
| 2019 | $10,161 | $635,607 | $231,098 | $404,509 |
| 2018 | $9,761 | $623,149 | $226,567 | $396,582 |
| 2016 | $9,176 | $598,761 | $217,770 | $380,991 |
| 2015 | $8,934 | $589,768 | $214,499 | $375,269 |
| 2014 | -- | $578,216 | $210,298 | $367,918 |
Seller's Agent in 2024
Douglas McCauley
MARCUS & MILLICHAP
(909) 456-3493
4 in this area
44 Total Sales
Seller Co-Listing Agent in 2024
David Covarrubias
MARCUS & MILLICHAP
(909) 456-3400
3 in this area
46 Total Sales
Buyer's Agent in 2024
Kristopher German
RE/MAX
(909) 645-0443
10 in this area
123 Total Sales
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV24088476
Ask me questions while you tour the home.