242 N Chalburn Avenue, West Covina, California 91790, West Covina, 91790 - 3 bed, 2 bath
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West Covina, California 91790
This property presents a High-Potential Investment Opportunity with a List Price of $859,000—positioned well above the $743,002 Fair Market Value by -15%. While the property requires significant modernization, its Poor Condition Rating is offset by a permitted 448 sqft ADU and a massive 8,427 sqft lot, providing rare utility for multi-generational living or rental income. This value-add asset is ideal for Buy-and-Hold Investors or Owner-Occupants capable of executing a comprehensive renovation to unlock the property's full potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 242 N Chalburn Avenue Subject | $859,000* List Price | 3 | 2 | 1,663 | $447 | - |
A 1147 S Van Horn Avenue Sold | $748,800 | 3 | 2 | 1,534 | $488 | 0.8 mi |
B 2109 W Merced Sold | $750,000 | 3 | 2 | 1,544 | $486 | 0.8 mi |
C 736 N Frijo Avenue Sold | $860,000 | 3 | 2 | 1,589 | $541 | 0.6 mi |
D 552 N Broadmoor Avenue Sold | $800,000 | 4 | 2 | 1,579 | $507 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950 and maintained by the same owners for 60 years, the property features original or highly dated finishes including a 30+ year old galley kitchen, wood paneling, and popcorn ceilings. Per the criteria, the age of the home and the need for a full interior rehab and likely system updates place it in the poor category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8427, living area = 1663.
The property features a permitted 448 sqft ADU and a large lot, offering excellent opportunities for rental income, house hacking, or multi-generational living arrangements.
The 8,427 sqft lot includes a drive-through garage and a large concrete pad, providing rare and ample space for boat, ATV, or additional vehicle storage.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1663, other record living area = 1215. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The home is in need of substantial TLC and modernization, which will require additional capital investment and time from the buyer to meet current market standards.
Built in 1950, the property features a traditional galley-style kitchen and older finishes that lack the open-concept flow preferred by many modern buyers.
This TWO ON A LOT – 2 BEDROOM/1 BATH-1950 with added den-1959 (1215 SOFT-Assessor) Plus separate – 1 STUDIO-BEDROOM/1 BATH ADU (448 SQFT-taped) was lovingly cared for by one couple for over 60 years! Both the added DEN and ADU are PERMITTED. This lovely home of the past needs your loving hands to update and make your own. Full of possibilities for multi-generational living, house hacking, senior facility, day care or rental income, the large lot may even accommodate a 2nd ADU or a pool! As you drive up to the home you will notice the extra large driveway and 2 car garage with a drive through door to the backyard. The front door boasts oval leaded glass, as you enter you will find the living room with a large window and glass door to enter the back yard and small covered patio. There is also a den with large fireplace and exit door to the laundry area and to the ADU. There are 2 large bedrooms and 1 bath. The galley style kitchen features solid oak cabinets with tile counters, built in oven, range and microwave, space for a small table and exit door to the side patio. The ADU with newer carpet, paint and bathroom fixtures and flooring is one large 448 SQFT room with 3 closets, a full bathroom and space for a mini kitchen. The back and side yards feature a shed, 2 concrete patios as well as a large concrete pad for a clothes line or to store your boat or ATV pull them right through the garage back door right past the additional workshop, hobby or storage room. There is also a block walled courtyard area that could be used for your pets or to store your trashcans, with gate access to the street. This awesome home is located in a great neighborhood in a great location within 3-10 minutes of the 10 FRWY, Hospital, Civic Center, West Covina Mall and Edgewood High School. The home definitely needs some TLC and updating but you could definitely live in the property while you make repairs. Listing Broker/Agent does not guarantee the accuracy of SQFT, lot size, permits, zoning or condition. Buyer is advised to independently verify all information and use their own due diligence to satisfy themselves through inspections, reports and the City of West Covina.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,663 | 1,534 | 69% |
| Lot Size | 8,427 | 7,965 | 59% |
| Price | $859.0K | $840.0K | 59% |
| Price per sq ft | $517 | $556 | 32% |
| Built year | 1950 | 1955 | 15% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 121 | 3% |
May 22, 2026
$859,000
Initial Listing