231 E Dexter, Covina, California 91723, Covina, 91723 - 4 bed, 2 bath
Loading property details...
Covina, California 91723
This Duplex Residential Income Asset is a High-Potential Investment Opportunity, listed at $1,050,000—positioned slightly above the $1,025,492 Fair Market Value. Featuring an R3 Zoning designation on a generous 8,721 sq ft lot, the property offers significant long-term development upside. With a Condition Rating of 3, the units are move-in ready, boasting updated kitchens and separate utility metering for operational efficiency. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage rental income to offset mortgage costs.
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 | 4 | 2 | 1,920 | $534 | - |
A 316 E School Sold | $870,000 | 0 | 0 | 1,796 | $484 | 0.3 mi |
B 383 W Badillo Pending | $950,000 List Price | 3 | 2 | 1,923 | $494 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1951, the property has undergone significant renovations likely within the last 5-15 years. The back unit features an updated kitchen with granite countertops and subway tile backsplash, and the front unit includes central A/C and a gourmet kitchen. With updated flooring (wood, laminate, and tile) and well-maintained exteriors, the property is move-in ready and functional.
The property features two separate single-family homes on one lot, offering an ideal setup for multi-generational living or generating dual rental income streams.
Situated on a generous 8,721 sq ft R3-zoned lot, the property provides significant long-term value through potential future development or increased density.
Both units are equipped with separately metered utilities and individual trash accounts, simplifying property management and reducing overhead for investors.
The requirement for appointment-only showings and the 'do not disturb occupants' clause may limit immediate access and visibility for prospective buyers.
With only one bathroom per unit, the property may face competition from more modern layouts that offer additional bathrooms or master suites.
231 & 231-1/2 E Dexter: Two separate single-family homes on an 8,721 sq ft R3 lot—ideal for multi-generational living, rental income, or future development. Front House: 2 bed / 1 bath featuring tile flooring in main areas, wood flooring in bedrooms and hallway, a spacious gourmet kitchen with indoor laundry, and central A/C for year-round comfort. Garage: Detached two-car garage with a bonus room—perfect for storage, office, or hobby use. Back House: 2 bed / 1 bath with private alley access, featuring laminate flooring in living areas and bedrooms, tile flooring in the kitchen, and indoor laundry. Yard & Features: Beautifully maintained front, middle, and rear yards create a tranquil setting. Property includes separately metered utilities, individual trash accounts, and concrete driveways providing ample parking. Notes: Do not disturb occupants. Please do not walk the property. Showings by appointment only. Photos of the living room, dining room, bedrooms, and bonus room have been virtually staged. All photos were taken prior to tenant occupancy.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 0.0 | 67% |
| Baths | 2.0 | 0.0 | 67% |
| Square foot | 1,920 | 1,796 | 67% |
| Lot Size | 8,721 | 7,902 | 67% |
| Price | $1.05M | $870.0K | 67% |
| Price per sq ft | $547 | $501 | 67% |
| Built year | 1951 | 1951 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 184 | 33% |
Jun 1, 2026
$1,050,000
Initial Listing
Dec 4, 2018
$660,000
Public Record