16624 E Benwood, Covina, California 91722, Covina, 91722 - 3 bed, 1 bath
16624 E Benwood
Covina, California 91722
Property Price
SUMMARY
Analysis of 16624 E Benwood, Covina, California 91722 reveals a Prime Investment Opportunity with a current list price of $700,000—significantly undercutting the $723,218 Fair Market Value by 3%. This valuation gap indicates a +$23,218 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16624 E Benwood Subject | $700,000* List Price | 3 | 1 | 1,132 | $639 | - |
A 16689 E Greenhaven Sold | $750,000 | 3 | 1 | 1,065 | $704 | 0.3 mi |
B 16754 Benwood Sold | $715,000 | 3 | 1 | 1,290 | $554 | 0.2 mi |
C 16501 E Masline Sold | $720,000 | 3 | 2 | 1,078 | $668 | 0.2 mi |
D 4639 N Trujillo Drive Sold | $745,000 | 4 | 2 | 1,118 | $666 | 0.1 mi |
E 17009 E Tudor Street Sold | $806,000 | 4 | 2 | 1,144 | $705 | 0.5 mi |
F 17059 E Groverdale Street Sold | $699,888 | 4 | 2 | 1,100 | $636 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1953, the property has undergone an extensive recent renovation within the last 5 years. It features modern luxury vinyl plank flooring, recessed lighting, and a fully updated kitchen with white shaker cabinets, quartz countertops, and stainless steel appliances. The bathroom is completely modernized with new fixtures and tile work, and the exterior includes fresh paint and a new covered patio, meeting all current quality standards for a turnkey home.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Modern Updates
The home features fresh interior and exterior paint, luxury vinyl plank flooring, and recessed lighting, offering a move-in-ready experience with contemporary finishes.
- ADU & Expansion Potential
The spacious backyard provides ample room for outdoor entertaining and the potential to add an Accessory Dwelling Unit (ADU), providing future value and flexibility.
- Family-Oriented Location
Ideally situated within walking distance to a highly-rated elementary school and local parks, and just minutes from the shopping and dining of Downtown Covina.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1132, other record living area = 956.
- Single Bathroom Layout
With three bedrooms but only one bathroom, the home's layout may be a challenge for growing families or those accustomed to multiple facilities.
- Mid-Century Build
Originally constructed in 1953, the property may require ongoing maintenance of older structural components despite its recent cosmetic renovations.
About 16624 E Benwood
Welcome to this beautifully updated 3-bedroom, 1-bathroom home. Thoughtfully upgraded and move-in ready, this property combines modern finishes with comfortable living. Step inside to discover fresh interior and exterior paint, stylish luxury vinyl plank flooring, and recessed lighting throughout, creating a bright and contemporary atmosphere. The renovated bathroom features updated fixtures and finishes, adding a clean, modern touch. The home also includes a new covered patio, perfect for outdoor dining or relaxing evenings. The spacious backyard provides plenty of room for entertaining, gardening, or the potential addition of an ADU (Accessory Dwelling Unit) — offering flexibility for extended family or future rental income. Conveniently located within walking distance to a highly rated elementary school, a local church, and multiple parks, this home is ideal for families. Plus, you're less than 3 miles from Downtown Covina, where you can enjoy shopping, dining, and community events. This is a fantastic opportunity to own a turnkey home in a desirable neighborhood with room to grow.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1953
- Lot Size
- 5,795 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 1 (1 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 | 1.0 | 2.0 | 18% |
| Square foot | 1,132 | 1,346 | 18% |
| Lot Size | 5,795 | 7,095.5 | 2% |
| Price | $700.0K | $767.5K | 21% |
| Price per sq ft | $618 | $556 | 74% |
| Built year | 1953 | 1954 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 163 | 2% |
Pricing History
Listed for Sale
Feb 19, 2026
$700,000
Initial Listing
Sold
Jul 8, 2022
$680,000
Public Record