1244 S Leland Avenue, West Covina, California 91790, West Covina, 91790 - 3 bed, 2 bath
ACTIVE$779,800$1,312/sqft
Est. Value: $496,951
-36%
AboveEstimate
1244 S Leland Avenue, West Covina, California 91790
3Beds
2Baths
1,312Sqft
7,556Lot
Price Vs. Estimate
The estimated value ($496,950.89) is $282,849.11 (36%) lower than the list price ($779,800). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 7556, living area = 1312.
Top Cons:
Significant Overpricing: The current list price of $779,800 is substantially higher than the property's estimated value of $496,950.89, with an estimation ratio of -36, indicating a potential overvaluation relative to market expectations.
Compared to the nearby listings
Price:$779.8K vs avg $847.5K ($-67,700)23%
Size:1,312 sqft vs avg 1,474 sqft31%
Price/sqft:$594 vs avg $55559%
More Insights
Built in 1956 (70 years old).
Condition: Built in 1956, this property features a significantly outdated kitchen with very old cabinets, tile countertops, and dated light fixtures, suggesting it has not been renovated in 30-50+ years. The hardwood floors show considerable wear, and there's no mention of updates to major systems like HVAC, electrical, or plumbing. While not appearing structurally unsound, the interior, particularly the kitchen, requires substantial rehabilitation and modernization to meet contemporary living standards, aligning with the 'Poor' condition criteria.
Year Built
1956
Close
-
List price
$780K
Original List price
$850K
Price/Sqft
$594
HOA
-
Days on market
-
Sold On
-
MLS number
AR25126821
Home ConditionPoor
Features
Patio
View-
About this home
Location, location, location!!! Welcome to this charming single-story home nestled in a quiet neighborhood of West Covina. It features 3 spacious bedrooms and 2 bathrooms with 1,312 sqft of living space and 2-car garage, sitting on a 7,556 sqft lot. ADU potential. RV parking. Conveniently located near major freeways, supermarket, City hall, Library, top-rated schools, and popular shopping centers, this home is ideal for those seeking both comfort and convenience. Must See!!!!
W
Wun Kwan
Listing Agent
Condition Rating
Poor
Built in 1956, this property features a significantly outdated kitchen with very old cabinets, tile countertops, and dated light fixtures, suggesting it has not been renovated in 30-50+ years. The hardwood floors show considerable wear, and there's no mention of updates to major systems like HVAC, electrical, or plumbing. While not appearing structurally unsound, the interior, particularly the kitchen, requires substantial rehabilitation and modernization to meet contemporary living standards, aligning with the 'Poor' condition criteria.
Pros & Cons
Pros
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 = 7556, living area = 1312.
Prime Location: The property boasts an excellent location, conveniently situated near major freeways, supermarkets, City Hall, a library, top-rated schools, and popular shopping centers, enhancing its appeal for daily living and commutes.
ADU Potential: The property offers Accessory Dwelling Unit (ADU) potential, providing a significant opportunity for additional income, multi-generational living, or increased property value.
RV Parking: The availability of RV parking is a valuable feature, catering to buyers with recreational vehicles or those needing extra space for additional vehicles.
Quiet Neighborhood: Nestled in a quiet neighborhood, the home offers a peaceful and desirable living environment, appealing to families and those seeking tranquility.
Single-Story Layout: The single-story design provides ease of access and a functional layout, making it attractive to a wide range of buyers, including those seeking accessibility or a simpler living arrangement.
Cons
Significant Overpricing: The current list price of $779,800 is substantially higher than the property's estimated value of $496,950.89, with an estimation ratio of -36, indicating a potential overvaluation relative to market expectations.
Age and Implied Need for Updates: Built in 1956, the property is nearly 70 years old, and the description does not highlight recent major renovations, suggesting potential for significant investment in modernizing systems and aesthetics to meet contemporary standards.
Lack of Mentioned Modern Amenities: The property description does not specify the presence of crucial modern comforts such as an updated HVAC system (e.g., air conditioning), which could be a significant drawback in the California climate, especially when comparable properties often feature such upgrades.