401 S Cherrywood Street, West Covina, California 91791, West Covina, 91791 - bed, bath
ACTIVE$735,000
401 S Cherrywood Street, West Covina, California 91791
0Bed
0Bath
1,320Sqft
7,374Lot
Price Vs. Estimate
The estimated value ($667,706.225) is $67,293.775 (9%) lower than the list price ($735,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 7374, living area = 1320.
Top Cons:
Fixer-Upper Condition: The property is explicitly described as a 'fixer,' indicating that significant renovations, repairs, or updates will be required, adding to the initial investment cost.
Compared to the nearby listings
Price:$735.0K vs avg $941.5K ($-206,500)6%
Size:1,320 sqft vs avg 1,822 sqft19%
Price/sqft:$557 vs avg $52860%
More Insights
Built in 1953 (72 years old).
Condition: The property was built in 1953, making it over 70 years old. The listing explicitly describes it as a 'fixer' and the property analysis confirms 'Fixer-Upper Condition' and 'Age of Property' with a need for 'substantial modernization' and potential 'outdated systems, infrastructure.' While hardwood floors are mentioned, the absence of interior photos, particularly of the kitchen and bathrooms, combined with the 'fixer' designation, strongly indicates that these critical areas and major systems will require substantial repairs and rehabilitation to be functional and meet current standards. This aligns with the 'Poor' condition criteria.
Year Built
1953
Close
-
List price
$735K
Original List price
$735K
Price/Sqft
$557
HOA
-
Days on market
-
Sold On
-
MLS number
CV25152262
Home ConditionPoor
Features
Patio
View-
About this home
A great opportunity in this fixer for the 1st time investor-buyers making this charming cottage your own. Tax record is 2 beds, 2 full baths (2nd living space currently used as 3rd bedroom). For your delight the second living space is ideal for any cozy night by the 2nd fireplace. A formal dining room offers additional space. Hardwood floors throughout, an eat-in kitchen with access to the rear fully covered patio. The large fenced back-yard works well for any outdoor entertainment event or just relaxing with family and friends. A completed detached 2 car garage, and shed. This charming home is located in the desirable neighborhood of West Covina boasting high equity potential. Enjoy convenient public transportation, shopping, and freeway access. Motivated sellers reviewing all offers.
Condition Rating
Poor
The property was built in 1953, making it over 70 years old. The listing explicitly describes it as a 'fixer' and the property analysis confirms 'Fixer-Upper Condition' and 'Age of Property' with a need for 'substantial modernization' and potential 'outdated systems, infrastructure.' While hardwood floors are mentioned, the absence of interior photos, particularly of the kitchen and bathrooms, combined with the 'fixer' designation, strongly indicates that these critical areas and major systems will require substantial repairs and rehabilitation to be functional and meet current standards. This aligns with the 'Poor' condition criteria.
Pros & Cons
Pros
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 = 7374, living area = 1320.
Investment Opportunity: Explicitly marketed as a 'fixer' with 'high equity potential,' making it an attractive opportunity for first-time investor-buyers to add significant value.
Desirable Location: Located in a 'desirable neighborhood of West Covina' with convenient access to public transportation, shopping, and major freeways.
Versatile Living Spaces: Features a second living space (currently used as a 3rd bedroom) and a formal dining room, providing flexible options for living arrangements and entertaining.
Outdoor Entertainment: A large, fenced backyard and a fully covered patio offer ample space for outdoor activities, relaxation, and entertaining guests.
Additional Structures: Includes a detached two-car garage and a shed, providing valuable parking, storage, and potential for future expansion or conversion.
Cons
Fixer-Upper Condition: The property is explicitly described as a 'fixer,' indicating that significant renovations, repairs, or updates will be required, adding to the initial investment cost.
Age of Property: Built in 1953, the home may have outdated systems, infrastructure, or require substantial modernization to meet contemporary standards and preferences.
Bedroom Count Discrepancy: The description notes a '2nd living space currently used as 3rd bedroom' while tax records show 2 beds, suggesting a potential unpermitted conversion or discrepancy that could impact appraisal or future resale.