
Covina, California 91723
This property presents a High-Potential Investment Opportunity with a List Price of $849,500—positioned above the $739,982 Fair Market Value. While the current structure holds a Condition Rating of 6, the R3 Zoning and expansive 8,610-square-foot lot provide significant upside for high-density development or ADU construction. Located within the Covina Valley Unified School District, this asset is best suited for those prioritizing land utility over existing square footage. This is an ideal acquisition for Buy-and-Hold Investors or Developers seeking long-term growth through strategic redevelopment.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 131 S Kendall Subject | $849,500* List Price | 2 | 1 | 1,220 | $607 | - |
A 567 S Aldenville Sold | $720,000 | 3 | 2 | 1,173 | $614 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property was built in 1951 (73 years old) with no mention of renovations. The listing description focuses exclusively on the 'R3 zone,' indicating the value is primarily in the land for development. Visible window AC units and the age of the structure suggest original systems and a lack of modern utility, fitting the criteria for land value focus.
The R3 zoning designation offers significant investment value, allowing for high-density residential development or the construction of multi-family units.
The generous 8,610-square-foot lot provides substantial space for potential expansion, ADU construction, or large-scale redevelopment projects.
Situated in a desirable Covina neighborhood within the Covina Valley Unified school district, the property offers long-term stability and community appeal.
The current 2-bedroom, 1-bathroom configuration is modest for the price point and may require significant upgrades to meet modern family needs.
At $849,500, the list price reflects the land's development potential rather than the utility of the existing 1951 structure, which may deter traditional homebuyers.
R3000 zone 2 separate driveway potential to build an ADU South Hill School district
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.3 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,220 | 1,602.645 |
| Lot Size | 8,610 | 7,475.197 |
| Price | $849.5K | $828.5K |
| Price per sq ft | $696 | $539 |
| Built year | 1951 | 1958 |
| HOA | $0 | $219 |
| Days on market | 32 | 48 |
Aug 8, 2026
$849,500
Initial Listing
Dec 30, 2013
$318,000
Public Record
Jul 2, 2003
$239,000
Public Record