231 E Dexter, Covina, California 91723, Covina, 91723 - 0 bed, 0 bath
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Covina, California 91723
This Dual-Unit Residential Income Property is listed at $1,050,000, representing a stable acquisition aligned with its $1,041,400 Fair Market Value. The asset features two separate, well-maintained residences on a generous 8,721 sq ft R3 lot, earning a Good Condition Rating for its functional systems and private deck. Situated in the Covina Valley Unified district, the property provides immediate multi-generational utility or dual-stream rental income with separately metered utilities. It is an optimal selection for Buy-and-Hold Investors or Owner-Occupants seeking a high-utility "house hack" in a central location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 231 E Dexter Subject | $1,050,000* List Price | 0 | 0 | 1,920 | $542 | - |
A 316 E School Sold | $870,000 | 0 | 0 | 1,796 | $484 | 0.3 mi |
B 231 231-1/2 E Dexter Street Active | $1,050,000 List Price | 4 | 2 | 1,920 | $547 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1951 build date, the property is well-maintained and move-in ready. The front unit features central A/C and original hardwood floors in good condition. While the front kitchen is dated with 1990s-style oak cabinets and tile counters, the back unit has been updated with more modern granite countertops and white cabinetry. The systems appear functional, and the overall condition exceeds the 'Fair' threshold due to the cleanliness and lack of visible deferred maintenance.
The property features two separate single-family residences on one lot, providing an excellent opportunity for multi-generational living or dual rental income streams.
Situated on a generous 8,721 sq ft lot with R3 zoning, the property offers significant long-term value through potential high-density redevelopment or expansion.
Both units are equipped with separately metered utilities and individual trash accounts, simplifying management and reducing overhead costs for the owner.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1920, other record living area = 1582.
The property is currently tenant-occupied with strict 'do not disturb' instructions and limited showing availability, which may complicate the due diligence process for buyers.
With an original build date of 1951, the property may require ongoing maintenance or modernization of core systems to remain competitive with newer rental inventory.
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: Do not disturb occupants. Please do not walk the property. Showings by appointment only. The pictures in the living room, dining room, bedrooms and bonus room are virtual staging. All photos were taken before the tenant moved in.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 1,920 | 2,415 | 50% |
| Lot Size | 8,721 | 8,311.5 | 50% |
| Price | $1.05M | $1.05M | 50% |
| Price per sq ft | $547 | $483 | 83% |
| Built year | 1951 | 1957 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 234 | 17% |
Apr 20, 2026
$1,050,000
Initial Listing
Dec 4, 2018
$660,000
Public Record