Multifamily

669 E. Ruddock Street

669 E Ruddock St, Covina, CA 91723

Listing Price: $1,650,000

Cap Rate
4.34%
Number of Units
7
GRM
15.17
Occupancy
97.00%
Price/Unit
$235,714
Price/Gross SF
$345.91
Gross SF
4,770

Investment Overview

Marcus & Millichap is proud to exclusively present the opportunity to acquire 669 East Ruddock St, a 7-unit investment opportunity located in the desirable city of Covina, California. Built in 1960, the property sits on a 7,373 square feet lot and has a building size of approximately 4,770 square feet. The building consists of five-one bedroom/one bathroom units and two-two bedroom/one bathroom units. The property features gated access, newer windows, low maintenance landscaping and an on-site laundry room. Parking consists of six garages accessible by way of a rear alley. All of the units are individually metered for gas and electricity.

The property is ideally situated with easy access to Route 10, 210 and 57 freeways. Because of its central location the city is well served by the San Bernardino Metrolink, Covina Station, providing its residents many alternative ways of traveling to work, entertainment, dining, shopping, and home. In addition to the city's progressive economy, business opportunity, restaurants and recreation, the property is an excellent opportunity for an investor looking to acquire well-kept assets in an outstanding location poised for continued growth.

Investment Highlights

  • One and Two Bedroom Floor Plans
  • Over 18% Rental Upside
  • Gated Access
  • Six Garages
  • Newer Windows

Exclusively Listed By

Listing Price: $1,650,000

Cap Rate
4.34%
Number of Units
7
GRM
15.17
Occupancy
97.00%
Price/Unit
$235,714
Price/Gross SF
$345.91
Gross SF
4,770

Investment Highlights

  • One and Two Bedroom Floor Plans
  • Over 18% Rental Upside
  • Gated Access
  • Six Garages
  • Newer Windows

Investment Overview

Marcus & Millichap is proud to exclusively present the opportunity to acquire 669 East Ruddock St, a 7-unit investment opportunity located in the desirable city of Covina, California. Built in 1960, the property sits on a 7,373 square feet lot and has a building size of approximately 4,770 square feet. The building consists of five-one bedroom/one bathroom units and two-two bedroom/one bathroom units. The property features gated access, newer windows, low maintenance landscaping and an on-site laundry room. Parking consists of six garages accessible by way of a rear alley. All of the units are individually metered for gas and electricity.

The property is ideally situated with easy access to Route 10, 210 and 57 freeways. Because of its central location the city is well served by the San Bernardino Metrolink, Covina Station, providing its residents many alternative ways of traveling to work, entertainment, dining, shopping, and home. In addition to the city's progressive economy, business opportunity, restaurants and recreation, the property is an excellent opportunity for an investor looking to acquire well-kept assets in an outstanding location poised for continued growth.

Exclusively Listed By

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