231 231-1/2 E Dexter Street, Covina, California 91723, Covina, 91723 - 4 bed, 2 bath
231 231-1/2 E Dexter Street
Covina, California 91723
Property Price
SUMMARY
Analysis of 231 231-1/2 E Dexter Street, Covina, California 91723 is currently available with a list price of $1,050,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features significant updates to both units. The front house includes a renovated kitchen with granite countertops and stainless steel appliances, updated bathrooms, and central A/C. Both units show modern flooring (tile, wood, and laminate) and well-maintained interiors. While the structure dates to 1951, the visible components and finishes have been modernized, meeting the criteria for a well-maintained, updated property.
PROSSTRENGTHS & OPPORTUNITIES
- Dual-Unit Versatility
The property features two detached single-family homes on one lot, offering a rare setup for multi-generational living or high-yield rental income without shared walls.
- Development Potential
Zoned R3 on a spacious 8,721 sq ft lot, this property provides significant long-term value through the potential for future high-density development or expansion.
- Operational Efficiency
Separately metered utilities and individual trash accounts simplify property management and reduce owner overhead by shifting utility costs directly to tenants.
CONSRISKS & DEFICIENCIES
- Condition Uncertainty
Marketing photos are virtually staged and were taken prior to the current tenant moving in, which may not reflect the property's current physical state or wear.
- Vintage Infrastructure
Built in 1951, the property may require significant capital expenditure for updates to aging systems like plumbing and electrical to meet modern standards.
About 231 231-1/2 E Dexter Street
231 & 231-1/2 E Dexter: Two separate single-family house on one 8,721 sq ft R3 lot—ideal for multi-generational living, rental income, or future development. Front House: Approx. 1,054 sq ft, 2 bed/1 bath home featuring tile flooring in main areas, wood floors in bedrooms and hallway, a spacious gourmet kitchen with indoor laundry, and central A/C for year-round comfort. Garage & Bonusroom: Detached two-car garage with an approx. 170 sq ft bonus room—ideal for storage, an office, or hobby space. Back House: Approx. 700 sq ft with private alley entrance, 2 bed/1 bath, laminate flooring in living areas and bedrooms, and tile in the kitchen, indoor laundry. Yard: Beautifully maintained front, middle, and backyards create a tranquil setting, with separately metered utilities, individual trash account, and concrete driveways offering ample parking. Note: The pictures in the living room, dining room, bedrooms and bonus room are virtual staging. All photos were taken before the tenant moved in.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1951
- Lot Size
- 8,721 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 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 | 4.0 | - | 71% |
| Baths | 2.0 | - | 71% |
| Square foot | 1,920 | 2,910 | 43% |
| Lot Size | 8,721 | 7,802 | 57% |
| Price | $1.05M | $1.05M | 50% |
| Price per sq ft | $547 | $481 | 86% |
| Built year | 1951 | 1959 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 249 | 14% |
Pricing History
Listed for Sale
Feb 20, 2026
$1,050,000
Initial Listing