1036 E Covina Hills, Covina, California 91724, Covina, 91724 - 3 bed, 3 bath
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Covina, California 91724
This Value-Add Residential Asset represents a Strong Value Opportunity, with a List Price of $710,000—positioned below the $723,615 Fair Market Value by 1%. This valuation provides $13,615 in Instant Equity for buyers targeting the prestigious Covina Hills area. Given the Condition Rating of 5, the 1956-built home requires significant rehabilitation of core systems and finishes. However, the 8,112 sqft lot, private pool, and proximity to Covina Valley Unified Schools offer substantial ROI potential through forced appreciation. This project is ideal for Fix-and-Flip Investors or Buy-and-Hold Investors.
Property is extensive renovation needed.
Built in 1956, this property is over 50 years old with no indication of recent major renovations. While the exterior appears maintained, the age strongly suggests that the kitchen, bathrooms, electrical, plumbing, and HVAC systems are significantly outdated and likely require substantial repairs and rehabilitation to meet modern standards. The listing's 'weakness' points explicitly mention the age requiring updates to systems and aesthetics, and a significant price reduction from a recent sale further indicates a need for considerable investment.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8112, living area = 1781.
Nestled in the desirable Covina Hills, the property offers peaceful hillside living with convenient access to city amenities, schools, and dining.
The expansive 8,112 sqft lot features a pool and provides ample space for customization, gardening, or creating a dream outdoor living area.
The property is currently 'Active Under Contract,' which limits immediate opportunities for new prospective buyers to make offers.
Listed at $710,000, a substantial decrease from its last sale price of $900,000 in February 2024, potentially indicating undisclosed issues or a need for significant updates.
Built in 1956, the property may require updates to systems, finishes, and overall aesthetics to meet modern buyer expectations, potentially incurring additional costs.
Nestled in the desirable Covina Hills, this beautifully situated home offers a rare opportunity to enjoy space, privacy, and scenic surroundings in one of Covina’s most sought-after neighborhoods. Set on a generous lot, 1036 East Covina Hills Road combines peaceful hillside living with convenient access to city amenities. The property features a functional floor plan filled with natural light, offering comfortable living spaces ideal for both everyday living and entertaining. The expansive outdoor area provides endless potential, perfect for creating your dream backyard, has a pool, garden area, or to simply enjoy the open space and serene setting. Located near award-winning schools, parks, shopping, and dining, while still offering a sense of retreat from the hustle and bustle, this home is a unique opportunity to own in a prime location with room to make it your own. Don’t miss the chance to experience the lifestyle and potential this Covina Hills property has to offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 3.0 | 2.0 | 58% |
| Square foot | 1,781 | 1,890 | 44% |
| Lot Size | 8,112 | 8,422 | 38% |
| Price | $710.0K | $930.0K | 4% |
| Price per sq ft | $399 | $509 | 4% |
| Built year | 1956 | 1959 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 105 | 160 | 35% |
Jan 7, 2026
$710,000
Initial Listing
Feb 6, 2024
$900,000
Public Record
Aug 20, 2019
$665,000
Public Record
Jul 18, 2011
$359,000
Public Record
Jun 30, 2005
$650,000
Public Record
Jun 15, 2001
$308,000
Public Record