
Covina, California 91722
This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $750,000—positioned slightly above the $744,956 Fair Market Value. While the property lacks an equity gap, its Fair Condition Rating and massive 8,845 sq. ft. lot provide significant ADU & Expansion Potential for forced appreciation. The home features a private patio and sits on a quiet street within the Covina Valley Unified district. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage land value for long-term wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15851 E Kingside Subject | $745,000* List Price | 3 | 2 | 1,275 | $593 | - |
A 15939 E Ballentine Place Sold | $736,000 | 3 | 2 | 1,232 | $597 | 0.2 mi |
B 4042 N Foxdale Avenue Sold | $742,000 | 3 | 1 | 1,308 | $567 | 0.5 mi |
C 4015 N Shadydale Sold | $728,000 | 3 | 1 | 1,240 | $587 | 0.5 mi |
D 16512 E Cypress Street Sold | $585,000 | 3 | 2 | 1,286 | $455 | 0.6 mi |
E 4616 N Roxburgh Sold | $780,000 | 4 | 2 | 1,382 | $564 | 1.0 mi |
F 16303 E Elgenia Active | $799,888 List Price | 4 | 2 | 1,525 | $525 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is 74 years old (built 1950) and shows significant dating throughout the interior, including older wood-beamed ceilings and flooring. While the listing describes it as well-maintained, there is no evidence of recent renovations to the kitchen, bathrooms, or major systems, suggesting it needs updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8845, living area = 1275.
The generous 8,845+ sq. ft. lot offers significant potential for an Accessory Dwelling Unit (ADU) or property expansion, providing excellent opportunities for multi-generational living or rental income.
Situated on a private street, the property offers a tranquil and secluded setting with minimal through-traffic, while remaining conveniently close to schools, parks, and commuter routes.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8845, other record lot size in square feet = 8764.
Built in 1950, the property may require updates to its original electrical, plumbing, or insulation systems to meet modern energy efficiency and safety standards.
The property does not offer any specific views, which may be a drawback for buyers prioritizing aesthetic vistas or natural landscapes from their living spaces.
Rare opportunity in Covina! This well-maintained 3-bedroom, 2-bath home sits on a large 8,800+ sq. ft. lot offering outstanding ADU potential. Located on a private street, the property provides a quiet setting with ample space for entertaining, expansion, or future income opportunities. Conveniently situated near schools, parks, shopping, and commuter routes. Whether you're looking for your forever home or an investment with upside potential, this property is a must-see!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,275 | 1,440 |
| Lot Size | 8,845 | 7,213 |
| Price | $745.0K | $814.0K |
| Price per sq ft | $584 | $545 |
| Built year | 1950 | 1956 |
| HOA | $0 | $0 |
| Days on market | 33 | 48 |
Jul 21, 2026
$745,000
$750,000
-1% Price Drop
Initial Listing
Jun 20, 2026
$750,000
Initial Listing
Jun 19, 2026
$75,000
Initial Listing
Jul 31, 2000
$158,500
Public Record
Mar 28, 1994
$130,000
Public Record