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1823 W Palm, West Covina, California 91790, West Covina, 91790 - 4 bed, 3 bath

1823 W Palm, West Covina, California 91790 home-pic-0
ACTIVE$1,298,000$1,560/sqft
Est. Value: $1,065,172
-17%
AboveEstimate
1823 W Palm, West Covina, California 91790
4Beds
3Baths
1,560Sqft
7,541Lot

Price Vs. Estimate

The estimated value ($1,065,171.93) is $232,828.07 (17%) lower than the list price ($1,298,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7541, living area = 1560.
Top Cons:
Unpermitted Structures: The front house contains an unpermitted 0.5 bathroom and an unpermitted garage conversion into a 1-bedroom, 1-bathroom unit, which could lead to legal and financial complications for the buyer.

Compared to the nearby listings

Price:$1.30M vs avg $850.0K (+$448,000)96%
Size:1,560 sqft vs avg 1,483.5 sqft55%
Price/sqft:$832 vs avg $55597%

More Insights

Built in 1953 (73 years old).
Condition: This property presents a unique blend of conditions. The rear ADU, completed in 2025, is brand new with modern finishes, including a contemporary kitchen with white shaker cabinets, quartz countertops, stainless steel appliances, and new flooring and lighting, qualifying it as 'Excellent'. The original front house, built in 1953, features a dated kitchen with older wood cabinets, granite countertops, and white appliances, along with older hardwood flooring in the living areas. While functional, this unit's condition leans towards 'Fair' due to its age and lack of recent comprehensive renovation. The overall score is elevated to 'Good' due to the significant contribution of the newly constructed, high-quality ADU, making the property move-in ready with a substantial modern component, despite the older main unit and the presence of unpermitted structures.
Year Built
1953
Close
-
List price
$1.3M
Original List price
$1.36M
Price/Sqft
$832
HOA
-
Days on market
-
Sold On
-
MLS number
WS25238094
Home ConditionGood
Features
Good View: Mountain(s)
ViewMountain(s)

About this home

Turnkey income-producing property in a quiet and highly desirable West Covina neighborhood. This unique offering features three separate living spaces with a combined estimated monthly rental income of approximately $8,500 — an excellent opportunity for both investors and owner-occupants. Front House (Approx. 1,560 sqft) – Main unit: 3 bedrooms and 1.5 bathrooms (0.5 bath unpermitted) – Additional unit: 1 bedroom and 1 bathroom (unpermitted garage conversion) – Interior photos were taken before the current occupancy. Interior access is limited at this time. Rear ADU (Approx. 1,200 sqft) – 3 bedrooms and 2 bathrooms – Fully permitted and completed in 2025 – 10-foot ceilings, designer finishes, premium Italian materials – Separate private entry and fully paid solar panels (ADU only) Additional Features: – Estimated total rent: $8,500/month – Private entrances for all units – Convenient freeway access for easy commuting – Close to Tokyo Central, Plaza West Covina Mall, and Haven City Market This property combines strong cash flow, modern construction, and flexible living arrangements — ideal for investors or buyers looking to live in one unit and rent out the others. Buyer to verify all permits, square footage, and information with the City of West Covina.

J
Jiachun Cai
Listing Agent
Condition Rating
Good
This property presents a unique blend of conditions. The rear ADU, completed in 2025, is brand new with modern finishes, including a contemporary kitchen with white shaker cabinets, quartz countertops, stainless steel appliances, and new flooring and lighting, qualifying it as 'Excellent'. The original front house, built in 1953, features a dated kitchen with older wood cabinets, granite countertops, and white appliances, along with older hardwood flooring in the living areas. While functional, this unit's condition leans towards 'Fair' due to its age and lack of recent comprehensive renovation. The overall score is elevated to 'Good' due to the significant contribution of the newly constructed, high-quality ADU, making the property move-in ready with a substantial modern component, despite the older main unit and the presence of unpermitted structures.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7541, living area = 1560.
High Income Potential: The property offers a combined estimated monthly rental income of approximately $8,500 from three separate living spaces, providing significant cash flow for investors.
Brand New, Permitted ADU: Features a fully permitted ADU completed in 2025 with modern construction, 10-foot ceilings, designer finishes, premium Italian materials, and fully paid solar panels, adding substantial value and appeal.
Flexible Living Arrangements: Ideal for both investors seeking rental income and owner-occupants looking to live in one unit while renting out the others, offering versatile occupancy options.
Desirable Location & Accessibility: Located in a quiet and highly desirable West Covina neighborhood with convenient freeway access and close proximity to major retail and dining centers like Tokyo Central and Plaza West Covina Mall.
Multiple Private Entrances: All three units benefit from separate private entrances, enhancing tenant privacy and making the property more attractive for multi-unit occupancy.

Cons

Unpermitted Structures: The front house contains an unpermitted 0.5 bathroom and an unpermitted garage conversion into a 1-bedroom, 1-bathroom unit, which could lead to legal and financial complications for the buyer.
Limited Main Unit Access & Photos: Interior access to the main front unit is limited due to current occupancy, and available photos are pre-occupancy, making it difficult for buyers to accurately assess its current condition.
Extensive Buyer Due Diligence Required: The listing explicitly places the burden on the buyer to verify all permits, square footage, and information with the City, which is critical given the unpermitted elements and could involve significant time and potential costs.
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