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708 E Ruddock Street, Covina
$4,100,000
28 Beds ⋅ 26 Baths ⋅ 26993819 MLS ⋅ Active Status
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.

708 E Ruddock Street, Covina

219 W Puente Street, Covina
$1,788,000
9 Beds ⋅ 8 Baths ⋅ 26848197 MLS ⋅ Active Status
This 1990-built, four-unit townhouse-style compound in the heart of Covinas high-demand rental corridor offers a rare blend of modern infrastructure and operational efficiency, making it a premier turnkey investment. Designed to streamline management, the property features full utility independence with separately metered gas and electricity for every unit. The unit mix consists of one (1) 3-bed/2-bath residence and three (3) 2-bed/2-bath residences, all outfitted with modern amenities including central air conditioning, gas ranges, dishwashers, garbage disposals, in-unit laundry hookups, and private wood-fenced patios. The property distinguishes itself from local competition with a robust parking configuration that combines attached and detached garages with dedicated on-site guest spaces. Situated on a massive 11,148 SF lot, the site also offers significant value-add potential for future development or ADU expansion, subject to buyer verification. Combining quality construction with efficient infrastructure, this high-performing asset is ideally positioned as a reliable, long-term anchor for any investment portfolio.

219 W Puente Street, Covina

19531 E Cienega Avenue, Covina
$5,700,000
40 Beds ⋅ 40 Baths ⋅ 26783895 MLS ⋅ Active Status
We are pleased to present for sale a 20-unit multifamily property situated at 19531 E Cienega Ave in Covina. This property offers investors the opportunity to acquire a pride-of-ownership, value-add real estate asset in the heart of the San Gabriel Valley. Constructed in 1988, the property features a favorable unit mix consisting entirely of large 2-bedroom, 2-bathroom units. The units total approximately 16,191 square feet on a spacious 0.94-acre lot. Each unit includes its own patio or balcony and is separately metered for gas and electricity, providing added convenience. The property boasts an onsite laundry facility, a swimming pool, and secure gated entries. Parking accommodations include ample carports and uncovered spaces on the large lot. The property has been well-maintained under long-term ownership for over 20 years with most units having been renovated. Current rents are more than 25% below market, presenting a clear path for income growth. Located in unincorporated Los Angeles County, the property falls under the county's rent stabilization ordinance. Additionally, there is potential for additional rental income by adding accessory dwelling units (ADUs), subject to verification by the buyer. Strategically positioned, 19531 E Cienega Ave offers convenient access to a multitude of amenities and attractions. The property is in close proximity to supermarkets, national retailers, restaurants, and schools, with easy access to major transportation arteries, including the 210 and 10 freeways and the Covina Metrolink Station. This sought-after location provides investors with the prospect of acquiring a lucrative multifamily asset poised to generate substantial cash flow while offering a hedge against inflation in the thriving city of Covina.

19531 E Cienega Avenue, Covina

4305 N Sunflower Avenue, Covina
$2,699,000
7 Beds ⋅ 6 Baths ⋅ RS24148183 MLS ⋅ Active Status
Buyer couldn't perform!!! back on market!!! Appraisal report ON HAND way higher than list price. REASONABLE AND VERY MOTIVATED SELLER. Check out this very unique dream home that has everything you can imagine! From private & wet saunas, koi pond, waterfall, luxurious pool, jacuzzi to having your own basketball court, indoor raquet ball court, indoor firepit and home theater. This home is a great investment and definitely counted as one of the gem stones in the City of Covina. This home has its own automated gate entrance for its own privacy and security. Check out this gorgeous estate to find out the true definition of a luxury estate. Submit your bids now before its too late! Kindly submit proof of funds or pre-approval letters before showing. 24-48 hours Showing Requests would be greatly appreciated.

4305 N Sunflower Avenue, Covina

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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