2418 S Buenos Aires, Covina, California 91724, Covina, 91724 - 4 bed, 3 bath
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2418 S Buenos Aires
Covina, California 91724
ACTIVE
CONDITION: POOR
4Beds
3Baths
2,574Sq Ft
52,707.602Lot Size
Property Price
LIST PRICE$1,499,000
EST. MARKET VALUE
$1,526,379
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $1,499,000—positioned well below the $1,526,379 Fair Market Value by 1.8%. This valuation gap offers $27,379 in Instant Equity. With a Condition Rating of 5, the home requires significant renovation, yet the 2.5-acre lot and ADU potential provide massive upside. This Equestrian Estate is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a large-scale project with significant development flexibility.
Estimated Market Value
$1,526,379
Based on Realkey algorithm analyzing recent comparable sales in Covina.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2418 S Buenos Aires Subject | $1,499,000* List Price | 4 | 3 | 2,574 | $593 | - |
A 2322 Cameron Avenue Sold | $1,600,000 | 4 | 2 | 2,734 | $585 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1961 and marketed as an 'investor and contractor's dream,' the home is over 60 years old with no evidence of recent renovations. Interior photos show dated kitchen cabinetry and tile, worn flooring, and popcorn ceilings. Most notably, one bedroom shows exposed wiring and unfinished wall sections, indicating the need for significant system updates and a full cosmetic rehab.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 52707, living area = 2574.
- Exceptional Development Potential
The property includes an adjacent 56,192 sq. ft. lot with its own APN, totaling 2.5 acres, offering a rare opportunity to build an additional home or create a massive private compound.
- Versatile Living & ADU Potential
Features a detached 4-car garage with a 2-bedroom unit above and a downstairs bedroom with a separate entrance, providing immediate options for multi-generational living or rental income.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =52707, other record lot size in square feet = 55593. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Significant Renovation Required
Marketed as a 'contractor’s dream,' the 1961-built residence likely requires substantial capital investment to modernize the interior and address potential deferred maintenance.
- High Maintenance Demands
Managing over 100,000 square feet of land with mature landscaping and multiple structures will necessitate significant ongoing costs and labor for upkeep and property management.
About 2418 S Buenos Aires
A true investor’s and contractor's dream!!! This is an TRULY SPECIAL HOME & PARK-LIKE SITUATED ON 52,707 square-foot lot and surrounded by beautiful mature trees. PRIVATE GATED WITH COMPLETE PRIVACY. It features 4 bedroom 2.5 baths (the 4th Bedroom with a bathroom located in the downstairs can be used as rental unit with separate entry/exit). Living room with large windows. Formal dining room with fireplace. Bright kitchen opens to the large covered patio, creating the perfect space for entertaining family and friends. Plantation Shutters throughout. Detached 4 car tandem garage with 2 bedrooms and one bathroom upstairs can be easy conversion to an ADU. Many outdoor spaces to relax, unwind and enjoy country-like and peaceful setting. This beautiful & exclusive home offers many options: ( Room for tennis court, horses, RV parkings, or to built an ADU). Close to schools and golf course/ country club. HORSE PROPERTY. The listing price is includes the adjacent 56,192 square foot lot, which has its own separate (APN # 8277-022-014 ) and offers potential for building an additional home. The total square-foot included the lot is 108,899 square-foot (2.5 acres)
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 52,707.602 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,574 | 1,602.645 |
| Lot Size | 52,707.602 | 7,475.197 |
| Price | $1.50M | $828.5K |
| Price per sq ft | $582 | $539 |
| Built year | 1961 | 1958 |
| HOA | $0 | $219 |
| Days on market | 14 | 48 |
Pricing History
Listed for Sale
Aug 26, 2026
$1,499,000
Initial Listing
Sold
Oct 25, 2006
$1,015,000
Public Record
Sold
Feb 2, 2005
$1,450,000
Public Record