
Covina, California 91722
This property presents a High-Potential Investment Opportunity with a List Price of $699,000—positioned above the $573,499 Fair Market Value. While priced above current estimates, the property offers significant upside through its Approved Ready for Permit ADU plans and updated electrical/HVAC systems. With a Condition Rating of 3, the home is move-in ready while providing a blank canvas for cosmetic upgrades. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage long-term rental income or multi-generational living potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16734 E Devanah Subject | $699,000* List Price | 2 | 1 | 938 | $611 | - |
A 16809 E Devanah Sold | $754,000 | 3 | 2 | 1,148 | $657 | 0.0 mi |
B 16748 E Bygrove Sold | $780,000 | 3 | 2 | 1,215 | $642 | 0.1 mi |
C 17141 E Tudor Sold | $640,000 | 4 | 2 | 1,104 | $580 | 0.3 mi |
D 17015 E Benbow Street Sold | $725,000 | 3 | 1 | 1,279 | $567 | 0.5 mi |
E 16528 E Brookport Sold | $775,000 | 3 | 3 | 1,200 | $646 | 0.5 mi |
F 1125 W Coolfield Drive Sold | $735,000 | 3 | 2 | 1,218 | $603 | 0.7 mi |
G 16624 E Benwood Sold | $725,000 | 3 | 1 | 1,132 | $640 | 0.5 mi |
H 16512 E Cypress Sold | $800,000 | 3 | 2 | 1,286 | $622 | 0.7 mi |
I 16640 E Tudor Pending | $698,000 List Price | 3 | 1 | 1,065 | $655 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1954, the home is well-maintained and move-in ready with key system upgrades including updated electrical and new energy-efficient mini-split HVAC units. The interior features recent cosmetic updates like new laminate flooring and fresh paint, though the kitchen remains dated with older cabinetry and a brick backsplash.
The property includes plans for a detached ADU that are 'Approved Ready for Permit,' providing a significant opportunity for value-add, rental income, or multi-generational living.
Equipped with updated electrical systems and energy-efficient split A/C units, the home offers improved safety and climate control while reducing immediate maintenance needs.
The 6,084 sqft lot features a large private backyard, covered patio, and no HOA restrictions, offering rare outdoor flexibility and ample off-street parking for a home of this size.
With only 938 square feet of living space and a 2-bedroom, 1-bathroom layout, the home may feel restrictive for larger families or those requiring a dedicated home office.
Built in 1954, the property may have aging plumbing or original structural components that require further inspection and potential modernization beyond the recent electrical updates.
An excellent opportunity to own a detached single-family home in Covina with no HOA, a spacious private yard, and exciting future ADU potential. This charming 2-bedroom, 1-bath home offers updated electrical, energy-efficient split A/C systems, and a long driveway with ample off-street parking. Relax on the covered front porch or enjoy the generous front yard and spacious backyard with a covered patio—perfect for morning coffee, BBQs, outdoor gatherings, and entertaining. The property also includes plans for a proposed detached ADU currently shown by LA County as “Approved Ready for Permit,” offering exciting future expansion potential and added flexibility. Buyer and buyer’s agent are advised to independently verify the current status and transferability of the plans, feasibility, permit and zoning requirements, expiration or extension options, applicable fees, and all other related information with LA County and appropriate licensed professionals. Conveniently located near schools, shopping, dining, parks, and major freeways, this property offers an exciting opportunity for both owner-users and investors.
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 | 938 | 1,602.645 |
| Lot Size | 6,084 | 7,475.197 |
| Price | $699.0K | $828.5K |
| Price per sq ft | $745 | $539 |
| Built year | 1954 | 1958 |
| HOA | $0 | $219 |
| Days on market | 41 | 48 |
Jul 30, 2026
$699,000
Initial Listing
Aug 19, 2024
$690,000
Public Record
Apr 28, 2017
$392,000
Public Record
Aug 7, 2012
$258,000
Public Record