4536 N Irwindale Avenue, Covina, California 91722, Covina, 91722 - 5 bed, 2 bath
ACTIVE UNDER CONTRACT$1,250,000
4536 N Irwindale Avenue, Covina, California 91722
5Beds
2Baths
2,576Sqft
36,003Lot
Price Vs. Estimate
Estimation data not available
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 = 36003, living area = 2576.
Top Cons:
Advanced Age of Structure: Built in 1918, the existing home is over a century old, likely requiring extensive modernization, system upgrades, or complete demolition for new development.
Compared to the nearby listings
Price:$1.25M vs avg $795.0K (+$455,000)99%
Size:2,576 sqft vs avg 1,347 sqft98%
Price/sqft:$485 vs avg $55726%
More Insights
Built in 1918 (107 years old).
Condition: Built in 1918, this property is over a century old and has not undergone major renovations in at least 48 years, as indicated by the listing and confirmed by the images. The kitchen features extremely outdated cabinetry, worn countertops, and very old appliances, requiring a complete gut renovation. Bathrooms are similarly antiquated with original or very old fixtures, tiles, and vanities. The overall interior shows significant physical depreciation, dated styles, and extensive deferred maintenance. The MLS description explicitly targets 'Developers and Investors' and highlights 'potential for transformation' and 'redevelopment,' strongly suggesting the value lies in the expansive lot rather than the existing structure, which is likely beyond economical repair to meet modern living standards.
Year Built
1918
Close
-
List price
$1.25M
Original List price
$1.25M
Price/Sqft
$485
HOA
-
Days on market
-
Sold On
-
MLS number
BB25102643
Home ConditionTear down
Features
Good View: Mountain(s), Valley
Pool
Patio
ViewMountain(s), Valley
About this home
Exceptional Opportunity for Developers and Investors in Covina! Presenting a rare opportunity to acquire a prime piece of real estate on the market for the first time in over 48 years. This expansive, flat lot spans approximately 36,000 square feet, offering immense potential for redevelopment. The charming 2-story home, with approximately 2,576 square feet of living space, includes a basement, an attic, 5 spacious bedrooms, 2 bathrooms, and a sizable pool. This property is brimming with potential for transformation, whether for a new development or revitalization. Don’t miss out on this incredible opportunity to create something remarkable in a highly sought-after area!
Condition Rating
Tear down
Built in 1918, this property is over a century old and has not undergone major renovations in at least 48 years, as indicated by the listing and confirmed by the images. The kitchen features extremely outdated cabinetry, worn countertops, and very old appliances, requiring a complete gut renovation. Bathrooms are similarly antiquated with original or very old fixtures, tiles, and vanities. The overall interior shows significant physical depreciation, dated styles, and extensive deferred maintenance. The MLS description explicitly targets 'Developers and Investors' and highlights 'potential for transformation' and 'redevelopment,' strongly suggesting the value lies in the expansive lot rather than the existing structure, which is likely beyond economical repair to meet modern living standards.
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 = 36003, living area = 2576.
Significant Development Potential: The expansive, flat 36,000 sqft lot is explicitly marketed for developers and investors, offering immense redevelopment opportunities in a highly sought-after area.
Rare Market Offering: This property is available for the first time in over 48 years, presenting a unique and infrequent acquisition opportunity in the market.
Generous Existing Structure: The 2,576 sqft, 5-bedroom home includes a basement, attic, and a sizable pool, providing a substantial footprint for potential revitalization or a large family residence.
Desirable Views: The property offers appealing mountain and valley views, enhancing its aesthetic value and potential desirability.
Strategic Location: Situated in Covina, described as a 'highly sought-after area,' suggesting good local amenities, community appeal, and investment potential.
Cons
Advanced Age of Structure: Built in 1918, the existing home is over a century old, likely requiring extensive modernization, system upgrades, or complete demolition for new development.
Implied Extensive Renovation Needs: The property's age and description emphasizing 'potential for transformation' and 'revitalization' strongly suggest significant investment will be required for repairs, updates, or a full redevelopment project.
Limited Bathroom Count: With 5 bedrooms and 2,576 sqft, only 2 bathrooms is a low ratio for a home of this size and bedroom count, which would likely be a priority for any renovation or new build.