419 Falcon Place, Covina, California 91723, Covina, 91723 - 2 bed, 3 bath
Loading property details...
419 Falcon Place
Covina, California 91723
ACTIVE
CONDITION: EXCELLENT
2Beds
3Baths
1,470Sq Ft
24,004Lot Size
Property Price
LIST PRICE$599,000
EST. MARKET VALUE
$599,000
SUMMARY
This Modern Townhome represents a Strong Value Opportunity, listed at $688,000—positioned well below the $751,681 Fair Market Value by 8%. This valuation gap provides $63,681 in Instant Equity for the buyer. Featuring an Excellent Condition Rating (built in 2020), the home includes paid-off solar panels, an EV-ready garage, and a private deck. Its prime location in Downtown Covina offers exceptional commuter access, making this an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a sustainable, turnkey lifestyle.
Estimated Market Value
$599,000
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 |
|---|---|---|---|---|---|---|
★ 419 Falcon Place Subject | $599,000* List Price | 2 | 3 | 1,470 | $407 | - |
A 709 Cara Cara Sold | $640,000 | 3 | 4 | 1,560 | $410 | 0.5 mi |
B 657 Sunrise Street Sold | $692,500 | 3 | 4 | 1,580 | $438 | 0.5 mi |
C 684 Cara Cara Sold | $540,000 | 2 | 2 | 1,050 | $514 | 0.5 mi |
D 658 Calamansi Drive Sold | $699,990 | 3 | 4 | 1,629 | $430 | 0.6 mi |
E 123 S Hollenbeck Avenue Sold | $665,000 | 3 | 3 | 1,332 | $499 | 0.6 mi |
F 660 Sunrise St Active Under Contract | $635,000 List Price | 3 | 3 | 1,310 | $485 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2020, this property is less than 10 years old and in mint condition. It features modern kitchen and bath finishes, energy-efficient systems including paid-off solar panels and an EV-ready garage, and requires no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Energy Efficiency
Built in 2020, this home features fully paid-off solar panels and a 220V EV charging outlet, providing significant long-term utility savings and modern sustainability.
- Prime Commuter Location
Situated in the heart of Downtown Covina, the property offers exceptional walkability to local amenities and easy access to the Metrolink and I-10 for a seamless Los Angeles commute.
- Versatile Living Space
The inclusion of a flexible loft/office space allows the property to effectively function as a three-bedroom home, maximizing the utility of the 1,470 square foot floor plan.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =24004, other record lot size in square feet = 19164.
- Limited Formal Bedrooms
With only two formal bedrooms, the property may have narrower appeal for larger families compared to traditional three-bedroom residences in the area.
- Recurring HOA Expenses
The monthly association fee of $271.19 adds a fixed recurring cost that budget-conscious buyers must factor into their total monthly mortgage obligations.
About 419 Falcon Place
Attention! $50,000 Price Reduction! Modern oldtown Covina Living with Style, Convenience & Energy Efficiency. The nearby Covina Metrolink Station provides an easy commute to Downtown Los Angeles, while restaurants, cafés, shopping, grocery stores, and access to the I-10 Freeway are just moments away. The home features 2 bedrooms, 2.5 bathrooms, and a versatile loft/office that can serve as a third bedroom. The open-concept kitchen with white and beige cabinetry opens to a private deck adjacent to the living area. Highlights include a third-floor laundry area, a 2-car attached garage with a 220V outlet for EV charging, and fully paid-off solar panels. Don't miss the opportunity to make this exceptional townhome your new home—schedule your private showing today!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2020
- Lot Size
- 24,004 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $271.19 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.5 |
| Baths | 3.0 | 2.5 |
| Square foot | 1,470 | 1,286.818 |
| Lot Size | 24,004 | 61,961.273 |
| Price | $599.0K | $537.1K |
| Price per sq ft | $407 | $456 |
| Built year | 2020 | 2002 |
| HOA | $271.19 | $357 |
| Days on market | 89 | 78 |
Pricing History
Listed for Sale
Sep 4, 2026
$599,000
$648,800
-8% Price Drop
Initial Listing
Price Change
Aug 20, 2026
$648,800
$650,000
+0% Price Increase
Initial Listing
Price Change
Aug 4, 2026
$650,000
$680,000
-4% Price Drop
Initial Listing
Price Change
Jun 29, 2026
$680,000
$688,000
-1% Price Drop
Initial Listing
Price Change
Jun 12, 2026
$688,000
Initial Listing
Sold
Apr 7, 2025
$650,000
Public Record
Sold
Dec 30, 2019
$492,500
Public Record