708 E Ruddock Street, Covina
$4,100,000
28 bd · 0 ba · 14,999 sqft · Home · Covina · 0 days on market
Updated September 28, 2026
Key Facts
- Price / SqFt
- $273
- Property Type
- Home
- Year Built
- 1978
- Lot Size
- 34,291 sqft
- Days on Market
- 0
- Listed
- Sep 27, 2026
- MLS #
- 26993819
- Status
- Active
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About this home
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.
Highlights
- 28-bedroom, 0-bath home.
- 14,999 square feet of living space.
- Located in Covina.
Price History
| Date | Price | Change |
|---|---|---|
| Sep 28, 2026 | $4,100,000 | — |
| Listed Sep 27, 2026 | ||
Location
About Covina
- Active Listings
- 230
- Median Price
- $755,000
Estimate a Monthly Payment
Estimated Monthly Payment
$26,776/mo
Includes estimated taxes and insurance at the assumption rates below. HOA dues are not included — enter your community's HOA (varies widely by community, and absent from listing data) for an accurate total.
- Principal & Interest
- $21,822
- Property Tax
- $3,758
- Insurance
- $1,196
- HOAnot included — enter your dues
- $0
Estimate only — not a loan offer or rate quote. Confirm actual figures with a lender.
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Based on information from California Regional MLS as of 2026-09-28T17:14:48.487Z. 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.