20827 E Mesarica, Covina, California 91724, Covina, 91724 - 8 bed, 7 bath
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Covina, California 91724
This Expansive Estate represents a High-Potential Investment Opportunity, listed at $2,999,999—positioned slightly above the $2,918,154 Fair Market Value. While the property requires modernization, its Condition Rating of 4 and massive 62,486 sq ft lot provide a blank canvas for significant value-add. Featuring a detached guest house, private pool, and proximity to top-rated schools like Arma J. Shull Elementary, this asset offers rare versatility. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to customize a luxury residence in a prestigious community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20827 E Mesarica Subject | $2,999,999* List Price | 8 | 7 | 7,020 | $416 | - |
A 4305 N Sunflower Avenue Active | $2,699,000 List Price | 7 | 6 | 6,804 | $397 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1955 (69 years old) and the listing emphasizes 'incredible potential' and the 'opportunity to customize, update, and elevate,' which are industry indicators for a dated interior. The use of virtual staging further suggests that the kitchen, bathrooms, and finishes are likely over 20 years old and require modernization to meet current market standards for a luxury estate.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 62486, living area = 7020.
Elementary School: Arma J. Shull Elementary School (9/10).
Situated on a massive 62,000+ sq ft gated lot, this estate offers unparalleled privacy and a serene, park-like setting rarely found in the Covina area.
Built in 1955 and marketed for its 'potential,' the home likely requires significant capital investment to update its finishes and systems to match its luxury price point.
The sheer scale of the 1.4-acre grounds, large pool, and expansive square footage will necessitate substantial ongoing maintenance and utility expenses.
Welcome to the prestigious Mesa Oaks community of Covina, where privacy, space, and incredible potential come together on an expansive gated estate. Situated on an impressive ~62,000+ sq ft lot, this remarkable property offers approximately 7,020 sq ft of living space per Matterport walkthrough (supporting documentation available), surrounded by mature trees and a serene, park-like setting. This spacious residence features 8 bedrooms and 6.5 bathrooms, including a generous primary suite conveniently located on the main level. Designed for flexibility, the floor plan offers multiple living areas, a loft, and a dedicated space ideal for a home gym, office, or creative studio. A detached guest house enhances the property, complete with its own kitchen, bathroom, and laundry area—perfect for extended stays, guests, or added privacy. Step outside to your own private retreat, where a sparkling pool and lush landscaping create a peaceful, resort-style atmosphere. The expansive grounds provide endless possibilities to customize, update, and elevate this estate to its full potential. Additional features include a 3-car attached garage, gated entry, and a versatile layout suited for a variety of living arrangements. This is a rare opportunity to own a truly special property in one of Covina’s most sought-after neighborhoods—offering space, privacy, and exceptional upside. Some pictures are virtually staged. Link to video walk-through: https://www.wellcomemat.com/video/54fb54d7c3721mkai/PW26096582/
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-5 • 2.2 mi
Grades K-5 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 4.0 | 98% |
| Baths | 7.0 | 2.0 | 98% |
| Square foot | 7,020 | 1,839 | 98% |
| Lot Size | 62,486 | 8,422 | 98% |
| Price | $3.00M | $915.0K | 98% |
| Price per sq ft | $427 | $511 | 16% |
| Built year | 1955 | 1961 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 139 | 5% |
May 7, 2026
$2,999,999
Initial Listing
May 8, 2019
$1,200,000
Public Record
Nov 8, 2001
$650,000
Public Record