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6 Units in Covina

Just SoldSold

654 E Ruddock St, Covina, CA 91723, USA

Sold For$1,625,000$270,833/Per Unit

Just Sold, Sold

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654eruddockst_covina6u_2024_IMG_4058-EDIT

Description

ALL-CASH SALE: $1,625,000

SELLER STORY

The Rought sisters inherited their property from their mother. With the main Trustee living out of town and preferring to leverage the equity rather than manage rental property, they decided to sell. They chose us as their agent because of our long-standing relationship with their mother and our proven track record in the industry.

HOW DID WE DO IT?

Kris Represented the Seller and Buyer
Full Priced Sale!
Multiple Offers Received Resulting in Cash Purchase
14-Day Close of Escrow
2,500 – Direct Mailers Sent to Internal Investor Database
6,500 – Emails Directly Sent to Exclusive Buyer List
7,400 – Facebook and Instagram Views
24,700 – Views on Listing Search Sites

PROPERTY HIGHLIGHTS

Well Maintained & Pride of Ownership
Current 5% CAP RATE | 12.85 GRM
LARGE 2-Bedroom Units
Unit Mix:
- (1) 2-Bed/1.5-Bath 2-Story Townhouse &
- (5) 2-Bed/1-Bath Units
6,375 Rental Sq. Ft. | 8,148 Sq. Ft. Lot
Separately Metered For Electricity & Gas
Tenants Enjoy Covered Carport Parking & Laundry Facility
Minutes to “Downtown” Covina
HUGE 30% Upside in Rental Income!