708 E Ruddock St, Covina, CA 91723
708 E Ruddock St, Covina, CA 91723
708 E Ruddock St, Covina, CA 91723
708 E Ruddock St, Covina, CA 91723
708 E Ruddock St, Covina, CA 91723
708 E Ruddock St, Covina, CA 91723
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$ 4,100,000
Est. payment | /mo

28 Beds

26 Baths

14,999 SqFt

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$ 4,100,000
Est. payment | /mo
Save

28 Beds

26 Baths

14,999 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,999 sqft

Price per Sqft $273

MLS Listing ID 26993819

Bedrooms 28

Year Built 1978

Lot Size 0.787 Acres

Acres 0.7872

Property Sub-Type Multi-Family

Property Description

708 E Ruddock Street, Covina offers investors a compelling combination rarely found in Southern California multifamily: a 14-unit asset with no local rent control, central air conditioning, and a below market basis. Set on a quiet cul-de-sac in one of Covina's most established neighborhoods, this pride-of-ownership community sits on an expansive 34,279 square foot lot.The freedom from local rent control is significant. While many nearby submarkets cap owners' ability to push rents toward market, Covina gives ownership full flexibility to reposition the property as units turn, with only state level regulatory ceiling on the upside. Unit sizes stand out too, averaging over 1,000 square feet, well above the norm for this submarket. Six of the fourteen units are townhouse-style, offering a true two-story living experience that drives tenant loyalty and premium rents. Each unit also has its own individual water heater, keeping utility costs low and operations simple. Parking is another strength: 40 spaces across two-car garages, one-car garages, covered parking, and on-grade parking, well above typical ratios nearby. A gated entrance and quiet cul-de-sac setting round out the property's appeal and keep turnover low. The rent roll reflects a stable, well-run asset at 100% occupancy with many long-term tenants in place.Current rents span a wide range, from the $1,300s to nearly $2,200 for similarly configured units, pointing to clear upside as units turn.For investors seeking dependable in-place income paired with an easy to realize path to rent growth, 708 E Ruddock Street is the most compelling multifamily investment opportunity available in Covina today.

Location

State CA

County Los Angeles

Area Covina

Zoning CVR3-RD1250*

Rooms

Other Rooms Other

Interior

Heating Central

Cooling Central

Equipment Range/Oven, Refrigerator, Garbage Disposal

Exterior

Parking Features Carport Attached, Garage - 2 Car, Garage - 1 Car

Building

Level or Stories Three Or More

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Maywood Property Group

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708 E Ruddock St