335 E Puente Street, Covina, California 91723, Covina, 91723 - 2 bed, 1 bath
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335 E Puente Street
Covina, California 91723
ACTIVE
CONDITION: TEAR DOWN
2Beds
1Baths
944Sq Ft
9,284Lot Size
Property Price
LIST PRICE$745,000
EST. MARKET VALUE
$644,442
15% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $745,000—positioned above the $644,442 Fair Market Value. While the structure carries a Condition Rating of 6 and requires significant renovation, the CVR3-RD200 Zoning and expansive 9,284 sqft lot provide exceptional development upside. With convenient alley access and a proven rental history, this asset is primed for multi-unit expansion. This is a strategic acquisition ideal for Buy-and-Hold Investors or Real Estate Developers focused on maximizing density and long-term rental income.
Estimated Market Value
$644,442
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 |
|---|---|---|---|---|---|---|
★ 335 E Puente Street Subject | $745,000* List Price | 2 | 1 | 944 | $683 | - |
A 567 S Aldenville Sold | $720,000 | 3 | 2 | 1,173 | $614 | 0.7 mi |
B 131 S Kendall Active | $849,500 List Price | 2 | 1 | 1,220 | $696 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Tear down
TeardownExcellent
Property is land value only, full reconstruction required.
Built in 1925 (99 years old) with no mentioned renovations, the listing explicitly targets investors and emphasizes the lot size and zoning (CVR3-RD200) over the structure. The description states the house 'needs work' and focuses on the potential to build units, indicating the primary value is in the land.
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 = 9284, living area = 944.
- Development Potential
The property is situated on a generous 9,284 sqft lot zoned CVR3-RD200, offering significant potential for multi-unit development in a high-demand area.
- Strategic Access
The lot features convenient alley access, which is a major logistical advantage for constructing and managing additional units at the rear of the property.
CONSRISKS & DEFICIENCIES
- Significant Renovation Required
The existing 1925 structure is in poor condition and requires substantial work, necessitating a large upfront capital investment for repairs or demolition.
- Limited Existing Utility
The current home offers only 944 square feet of living space with a 2-bedroom, 1-bathroom layout, providing minimal value relative to the $745,000 list price without further development.
About 335 E Puente Street
This is for the investor! This house needs work but has been a rental for many years. The attraction to this property is the lot. It is already zoned CVR3-RD200. There are units on both sides of this property. They left the older home in front as a rental and built units behind. There is access to the units by an alley. Increase your rental income!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 9,284 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 2.0 | 3.3 |
| Baths | 1.0 | 2.0 |
| Square foot | 944 | 1,602.645 |
| Lot Size | 9,284 | 7,475.197 |
| Price | $745.0K | $828.5K |
| Price per sq ft | $789 | $539 |
| Built year | 1925 | 1958 |
| HOA | $0 | $219 |
| Days on market | 17 | 48 |
Pricing History
Listed for Sale
Aug 23, 2026
$745,000
Initial Listing