
West Covina, California 91790
This Turnkey Multi-Unit Property is a High-Potential Investment Opportunity, listed at $1,230,000. While priced above the $1,137,975 Fair Market Value, the property offers significant utility through its permitted ADU and flexible layout that allows for dual-income streams. Featuring a 2022 renovation and an Excellent Condition Rating, this asset is fully furnished and currently operating as a successful short-term rental. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage house-hacking strategies in a high-demand West Covina location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1227 E Grovecenter Subject | $1,230,000* List Price | 5 | 5 | 2,335 | $487 | - |
A 1231 W Eckerman Sold | $875,000 | 3 | 2 | 1,681 | $521 | 0.7 mi |
B 227 N Hartley Sold | $950,000 | 3 | 2 | 1,723 | $551 | 0.9 mi |
C 1027 W El Dorado Active | $1,050,000 List Price | 5 | 2 | 2,036 | $516 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a comprehensive renovation in 2022, which is within the 5-year threshold for an excellent rating. It features a modern gourmet kitchen with quartz countertops, fully updated bathrooms with contemporary fixtures, new flooring, and energy-efficient windows. The systems are also updated, including two separate electrical panels, making it a mint-condition, turnkey home.
The property features a permitted ADU and an established short-term rental business, offering immediate cash flow and flexible living arrangements for investors or multi-generational families.
Completely updated in 2022 with modern finishes, energy-efficient windows, and a gourmet kitchen, the inclusion of all furnishings makes this a truly move-in-ready opportunity.
The main residence can be split into two separate living areas with independent entrances, which, combined with the detached ADU, maximizes rental yield and house-hacking potential.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2335, other record living area = 1507. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Listed at $1.23M, the property is positioned at a significant premium for the West Covina area, which may challenge appraisal values despite the extensive renovations.
Accommodating multiple living units and a potential JADU on a 7,259 sqft lot may result in limited private outdoor space and a crowded feel for residents.
This rare find combines a fully renovated single-family home with a permitted ADU and an established short-term rental business already in place. Updated throughout in 2022, the property features a bright open floor plan with a gourmet kitchen boasting quartz countertops, stainless steel appliances, and ample cabinetry that flows into the living, dining, and family rooms. New flooring, fresh paint, energy-efficient windows, and completely updated bathrooms with modern fixtures create a warm, move-in-ready interior designed for both comfortable daily living and effortless entertaining. The flexible layout is a standout feature. The main residence offers four bedrooms and three-and-a-half baths and can be used as one large home or configured into two separate spaces thanks to the installed independent entrance: one side with three bedrooms and two-and-a-half baths, the other a private one-bedroom, one-bath area. This pairs perfectly with the charming independent 560-square-foot unit in the back, giving you true multi-unit functionality under one roof. Two separate electrical panels, permitted washer and dryer hookups both indoors and out, and room for a potential JADU with its own entrance further expand the possibilities for multi-generational living, house hacking, or scaling rental income. Outside, the spacious backyard provides plenty of room for gardening, play, or pets, while the long driveway and carport deliver ample parking. All existing furnishings are included, making this a true turnkey opportunity. The property has operated successfully for three years as two separate short-term rental listings under professional management, generating reliable income that a new owner can continue (either hands-off with the existing team or by self-managing for higher returns) or transition to long-term tenants if preferred. Positioned north of the 10 Freeway and west of Azusa Avenue, the home sits in a convenient, family-oriented pocket of West Covina with quick access to major freeways, nearby schools including Grovecenter Elementary, restaurants, parks, and everyday shopping. Whether you want to live in the main home while renting the ADU for extra income, occupy one portion and keep the business running, or purchase as a pure investment with proven cash flow already established, this property delivers both lifestyle flexibility and strong financial upside in a location that supports steady demand.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 2,335 | 1,729 |
| Lot Size | 7,259 | 10,400 |
| Price | $1.23M | $895.3K |
| Price per sq ft | $527 | $537 |
| Built year | 1955 | 1960 |
| HOA | $0 | $96 |
| Days on market | 27 | 48 |
Jun 25, 2026
$1,230,000
Initial Listing
Sep 2, 2022
$330,000
Public Record
Jun 9, 2021
$685,000
Public Record