714-745-2708

708 E Ruddock Street, Covina, CA 91723

$4,100,000 Approx. USD 28 beds, 26 baths
14,999 sqft

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Nicholas Hayner | nick@maywoodpropertygroup.com
Lic#: 02090908
Broker: Courtesy of Maywood Property Group

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26993819

Price: $4,100,000

Beds: 28

Baths: 26

Built in 1978

14,999 sqft

0.79 acres

Lot size: 0.7872

County: Los Angeles

Zoning: CVR3-RD1250*

Appliances: Disposal,Refrigerator

Parking description: Attached Carport,Door-Multi,Door-Single,Garage

Heating/cooling: Central Air

Heating description: Central

MLS area: 614 - Covina

Last Updated: 9/28/2026

Days On Market (DOM): 0

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This listing belongs to the 614 - Covina MLS area

Lat/Long: 34.089407, -117.876771.
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