218 W Gragmont, Covina, California 91722, Covina, 91722 - 4 bed, 2 bath
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Covina, California 91722
This Modernized Turnkey Residence is a Prime Investment Opportunity, listed at $799,000—positioned well below the $840,694 Fair Market Value by 4%. This valuation gap offers $41,694 in Instant Equity. Featuring a Condition Rating of 2, the home includes a refreshed interior, updated finishes, and a private patio. The detached garage provides ADU potential, complemented by rare RV parking. Located within the Covina Valley Unified district, this property is ideal for Owner-Occupants or first-time buyers seeking immediate value and lifestyle comfort.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 218 W Gragmont Subject | $799,000* List Price | 4 | 2 | 1,575 | $507 | - |
A 17924 E Kelby Street Sold | $825,000 | 4 | 2 | 1,561 | $529 | 0.9 mi |
B 5227 N Fairvalley Sold | $779,000 | 3 | 2 | 1,250 | $623 | 0.4 mi |
C 4738 N Midsite Sold | $770,000 | 3 | 2 | 1,359 | $567 | 0.5 mi |
D 1391 N Fenimore Sold | $835,000 | 3 | 2 | 1,637 | $510 | 0.1 mi |
E 4722 N Fircroft Avenue Sold | $718,000 | 4 | 2 | 1,150 | $624 | 0.5 mi |
F 248 E Benwood Street Sold | $857,000 | 3 | 2 | 1,557 | $550 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1955, the property has undergone an extensive recent renovation, featuring a modernized interior with updated finishes, contemporary bathrooms with clean lines, and a neutral color palette throughout. The home is move-in ready with no deferred maintenance, meeting current quality standards for a fully refreshed residence.
The home has been thoughtfully refreshed with a neutral color palette and updated finishes, providing a move-in-ready environment that appeals to contemporary tastes.
The detached garage offers a prime opportunity for an Accessory Dwelling Unit (ADU) conversion, allowing for potential rental income or guest accommodations.
The property features rare RV parking and ample space for multiple vehicles, a significant value-add for homeowners with recreational vehicles or large families.
At 1,575 square feet for a four-bedroom layout, the individual room sizes or common areas may feel somewhat constrained compared to more modern floor plans.
Built in 1955, the property may have aging underlying systems such as plumbing or electrical that could require maintenance or upgrades despite the cosmetic renovations.
Welcome to 218 W Gragmont Ave, Covina — a beautifully updated 4-bedroom, 2-bath home that blends modern comfort with timeless design. Thoughtfully refreshed throughout, this home features a tasteful, neutral color palette, updated finishes, and a layout that feels both open and inviting. The bright living spaces flow effortlessly, creating the perfect setting for everyday living and entertaining. Each bedroom offers comfort and flexibility, while the updated bathrooms showcase clean lines and contemporary style. A detached garage offers potential for an ADU (buyer to verify), and the property provides ample parking, including space for RV parking — a rare find. Conveniently located near schools, shopping, dining, and freeway access, this move-in-ready home captures Covina living at its best.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 64% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,575 | 1,290 | 79% |
| Lot Size | 6,167 | 7,192 | 26% |
| Price | $799.0K | $775.0K | 62% |
| Price per sq ft | $507 | $569 | 26% |
| Built year | 1955 | 1954 | 58% |
| HOA | $0 | $0 | 50% |
| Days on market | 85 | 176 | 16% |
Jan 27, 2026
$799,000
Initial Listing
Aug 9, 2022
$605,000
Public Record
Aug 5, 2022
$618,000
Public Record