1240 E Mcwood Street, West Covina, California 91790, West Covina, 91790 - 3 bed, 2 bath
Loading property details...
1240 E Mcwood Street
West Covina, California 91790
ACTIVE UNDER CONTRACT
CONDITION: POOR
3Beds
2Baths
1,172Sq Ft
11,785Lot Size
Property Price
LIST PRICE$698,000
EST. MARKET VALUE
$756,350
7% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $698,000—positioned well below the $756,350 Fair Market Value by 7%. This valuation gap offers $58,350 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires a comprehensive renovation, yet the 11,785 Sq. Ft. Lot provides significant ADU Development Potential and Mountain Views. This is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors seeking to maximize value through strategic improvements.
Estimated Market Value
$756,350+$58,350 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in West Covina.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1240 E Mcwood Street Subject 3 bd · 2 ba · 1,172 sqft · $645 | $698,000* List Price | 3 | 2 | 1,172 | $645 | - |
A 845 E Florence Sold 3 bd · 2 ba · 1,175 sqft · $649 · 0.5 mi | $762,500 | 3 | 2 | 1,175 | $649 | 0.5 mi |
B 1033 E Michelle Sold 3 bd · 2 ba · 1,516 sqft · $561 · 0.3 mi | $850,000 | 3 | 2 | 1,516 | $561 | 0.3 mi |
C 1141 E Cameron Avenue Sold 3 bd · 2 ba · 1,277 sqft · $564 · 0.7 mi | $720,000 | 3 | 2 | 1,277 | $564 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1947, the property is over 70 years old and retains highly dated features including wood-paneled walls, acoustic ceiling tiles, and a bathroom with 1970s-era tiling. While the kitchen photo is 'digitally enhanced' to show potential, the listing description explicitly targets contractors and investors for a 'fresh vision' and renovation, indicating that the actual kitchen, baths, and systems require a full rehab.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11785, living area = 1172.
- Substantial Development Potential
The expansive 11,785-square-foot lot is nearly double the size of standard parcels in the area, offering exceptional opportunities for ADU development or a significant home expansion.
- High Equity Growth Opportunity
Priced as a contractor's special in an established neighborhood, this property serves as a blank canvas for investors to build immediate sweat equity through a comprehensive renovation.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Extensive Renovation Needs
Built in 1947 and marketed toward contractors, the home likely requires significant capital expenditure to update aging systems and cosmetic finishes to modern standards.
- Limited Interior Square Footage
With only 1,172 square feet of living space for a three-bedroom layout, the interior may feel cramped for modern families unless a structural addition is performed.
About 1240 E Mcwood Street
West Covina Opportunity on Nearly 12,000 Sq. Ft. Lot with ADU Potential!Discover the possibilities in the established Azusa-Cameron neighborhood of West Covina! Set on a generous nearly 12,000-square-foot lot, this property offers an exciting opportunity for contractors, investors, or buyers ready to bring a fresh vision to an existing home.With three bedrooms and two baths, a backyard pool, and ample outdoor space to reimagine, the property offers plenty of potential for those looking to renovate, redesign, and create something special. A 10' x 16' Tough Shed provides additional storage or workspace, while the expansive lot invites exploration of future possibilities, including potential ADU development.Whether you're envisioning a thoughtfully renovated home, a transformed backyard, or a property tailored to your own ideas, this is an opportunity to put your creativity to work in a well-established West Covina neighborhood. Conveniently located near shopping, dining, schools, parks, and major transportation routes.Bring your vision, your contractor, and your design ideas. The possibilities begin here!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1947
- Lot Size
- 11,785 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.5 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,172 | 1,773.559 |
| Lot Size | 11,785 | 8,799.18 |
| Price | $698.0K | $930.1K |
| Price per sq ft | $596 | $530 |
| Built year | 1947 | 1957 |
| HOA | $0 | $120 |
| Days on market | 9 | 46 |
Pricing History
Listed for Sale
Oct 15, 2026
$698,000
Initial Listing