16512 E Cypress Street, Covina, California 91722, Covina, 91722 - 3 bed, 2 bath
16512 E Cypress Street
Covina, California 91722
Property Price
SUMMARY
Analysis of 16512 E Cypress Street, Covina, California 91722 reveals a Prime Investment Opportunity with a current list price of $525,000—significantly undercutting the $579,435 Fair Market Value by 9%. This valuation gap indicates a +$54,435 Instant Equity potential for buyers. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Covina Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16512 E Cypress Street Subject | $525,000* List Price | 3 | 2 | 1,286 | $451 | - |
A 4455 N Lark Ellen Lane Sold | $550,000 | 3 | 2 | 1,163 | $473 | 0.5 mi |
B 16150 E Queenside Drive Sold | $640,000 | 4 | 2 | 1,418 | $451 | 0.4 mi |
C 650 N Vogue Sold | $605,000 | 3 | 2 | 1,150 | $526 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
The property is explicitly marketed as a 'fixer-upper' and 'full rehab' project that is not suitable for immediate occupancy. Built in 1963, the listing notes extensive repairs are needed throughout, indicating significant deferred maintenance and likely defects in major systems, making it uninhabitable in its current condition.
PROSSTRENGTHS & OPPORTUNITIES
- High Investment Upside
Priced as a fixer-upper in a strong market, this property offers significant equity growth potential for investors or flippers looking to renovate and capitalize on the area's appreciation.
- Desirable Outdoor Amenities
The inclusion of a private pool and a 2-car garage on a 6,314 sq. ft. lot provides a solid foundation for creating a high-value, sought-after residence.
- Strategic Location
Situated in an established Covina neighborhood near major freeways, shopping, and dining, the property benefits from high rental demand and long-term desirability.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
The home is currently uninhabitable and requires a full-scale rehab, necessitating a substantial capital investment and a buyer ready for a major project.
- Financing Limitations
Due to its 'as-is' condition and lack of suitability for immediate occupancy, the property likely will not qualify for traditional FHA or VA financing, limiting the buyer pool to cash or hard money investors.
About 16512 E Cypress Street
!Calling all investors! - Flippers, and contractors! This 3-bedroom, 2-bath pool home offers incredible potential for those looking to renovate, rebuild, or add long-term value. Featuring a 2 car garage and ample driveway parking, this property presents the perfect canvas for a full rehab. The home is currently in need of extensive repairs throughout and is not suitable for immediate occupancy, but the possibilities are endless for the right buyer ready to roll up their sleeves. Located in a desirable Covina neighborhood close to shopping, dining, parks, and convenient freeway access, this area is known for its strong rental demand and long-term growth potential making it a prime investment location. Don’t miss this rare fixer-upper opportunity with tremendous upside potential in one of Covina’s established communities.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1963
- Lot Size
- 6,314 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,286 | 1,345 | 42% |
| Lot Size | 6,314 | 7,108 | 34% |
| Price | $525.0K | $770.0K | 2% |
| Price per sq ft | $408 | $554 | 6% |
| Built year | 1963 | 1954 | 92% |
| HOA | $0 | $0 | 50% |
| Days on market | 4 | 164 | 2% |
Pricing History
Listed for Sale
Mar 3, 2026
$525,000
Initial Listing
Sold
Mar 1, 1989
$166,000
Public Record