4038 N Orange Avenue, Covina, California 91722, Covina, 91722 - 3 bed, 1 bath
ACTIVE$615,000
4038 N Orange Avenue, Covina, California 91722
3Beds
1Bath
1,072Sqft
6,448Lot
Price Vs. Estimate
The estimated value ($597,131.285) is $17,868.715 (2%) lower than the list price ($615,000). This property may be overpriced.
Key pros and cons
Top Pros:
Significant Value-Add Potential: Explicitly marketed as an 'Investor Special' and 'Prime fixer with huge potential,' indicating a clear opportunity for renovation and substantial appreciation.
Top Cons:
Extensive Renovation Required: Clearly identified as a 'fixer,' implying significant capital investment and effort needed for updates to systems, finishes, and overall condition.
Compared to the nearby listings
Price:$615.0K vs avg $790.0K ($-175,000)4%
Size:1,072 sqft vs avg 1,345 sqft9%
Price/sqft:$574 vs avg $55854%
More Insights
Built in 1950 (75 years old).
Condition: The property was built in 1950, making it 74 years old. The MLS description explicitly states it's an 'Investor Special' and a 'Prime fixer with huge potential,' indicating it requires substantial repairs and rehabilitation. The single exterior image shows a neglected front yard and a dated facade, consistent with a property that has not undergone major renovations recently. While interior details are not provided, the 'fixer' designation strongly implies that the kitchen, bathroom, and other major systems are outdated, likely in poor condition, and require significant investment to meet modern standards or even basic functionality. It is not move-in ready and likely has deferred maintenance affecting its safety and comfort.
Year Built
1950
Close
-
List price
$615K
Original List price
$615K
Price/Sqft
$574
HOA
-
Days on market
-
Sold On
-
MLS number
IV25189354
Home ConditionPoor
Features
View-
About this home
*** Investor Special*** Prime fixer with huge potential. Bring your flippers and investors to renovate and add value.
Condition Rating
Poor
The property was built in 1950, making it 74 years old. The MLS description explicitly states it's an 'Investor Special' and a 'Prime fixer with huge potential,' indicating it requires substantial repairs and rehabilitation. The single exterior image shows a neglected front yard and a dated facade, consistent with a property that has not undergone major renovations recently. While interior details are not provided, the 'fixer' designation strongly implies that the kitchen, bathroom, and other major systems are outdated, likely in poor condition, and require significant investment to meet modern standards or even basic functionality. It is not move-in ready and likely has deferred maintenance affecting its safety and comfort.
Pros & Cons
Pros
Significant Value-Add Potential: Explicitly marketed as an 'Investor Special' and 'Prime fixer with huge potential,' indicating a clear opportunity for renovation and substantial appreciation.
Desirable Covina Location: Situated in Covina, a well-regarded city in Los Angeles County, offering good schools (Covina Valley Unified) and community amenities, enhancing long-term appeal.
Generous Lot Size: A 6,448 sqft lot provides ample outdoor space, potential for landscaping, expansion, or even an Accessory Dwelling Unit (ADU), enhancing future value.
Functional Bedroom Count: With 3 bedrooms, the property offers a practical layout suitable for families or as a rental property, appealing to a broad buyer pool.
Single-Family Home Status: As a detached single-family residence, it offers privacy and land ownership, which is highly sought after in the current market.
Cons
Extensive Renovation Required: Clearly identified as a 'fixer,' implying significant capital investment and effort needed for updates to systems, finishes, and overall condition.
Limited Bathroom Count: Only 1 bathroom for a 3-bedroom home is a major functional limitation and will likely necessitate an addition or reconfiguration during renovation to meet modern buyer expectations.
Age and Outdated Systems: Built in 1950, the property is likely to have original, outdated systems (plumbing, electrical, HVAC if any) and finishes, increasing the scope and cost of renovation.